Binance to halt Singapore products after MAS warning. By clicking on the register button below you confirm that you are not a US person and you agree to the terms here.
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By Fintechnews Singapore September 6 2021.
Binance Singapore. Users have been advised to complete all related peer-to-peer trades and remove related trade advertisements by Thursday to avoid potential trading disputes. Cryptocurrency exchange Binance will not offer products in Singapore dollars and will stop all online communication operations in the country by Friday after a warning from the local regulator. UPDATED Mon Sep 06 2021 - 602 AM.
10 and the app will be removed from the Singapore. Bloomberg Binance Holdings Ltd. It will be removing its app from the Singapore iOS and Google Play Store.
Cryptocurrency trading platform Binance will cease offering some of its products and services in Singapore after the. Binance was under investigation by the US Justice Department Embattled Binance one of the worlds largest cryptocurrency exchanges said it will restrict its services in Singapore. Singaporean crypto exchange platform Binance announced in a blog post that it will cease to offer certain product and service offerings several days after the Monetary Authority of Singapore added the company to its investor alert list.
Register an account with Binance Singapore today. Please check that you are visitinghttpswwwbinancesg. The Monetary Authority of Singapore MAS Tells Binance to Cease Providing Payment Services Binance is also in trouble in Singapore.
Binance said in a blog post that it would be ceasing Singapore dollar trading pairs and payment options as well as removing the app from Singapore iOS and Google Play stores as of Friday. Interestingly the regulator move came only a week after the crypto exchange hired the. Binance Ceases Singapore Offerings Following MAS Investor Alert.
Binance had previously been given a temporary exemption to provide services in Singapore but in line with other regulators the MAS tightened its scrutiny to ensure consumer protection measures. 10 and the app will be removed from the Singapore. Binance said in a blog post that it would be ceasing Singapore dollar trading pairs and payment options as well as removing the app from Singapore iOs and Google Play stores as of Friday.
The Monetary Authority of Singapore MAS the countrys central bank that oversees the crypto sector in the country issued a statement Thursday about Binance stating. Must stop offering services regulated in Singapore after a potential breach of local payment rules adding to a mounting list of jurisdictions scrutinising the. Mon Sep 06 2021 - 550 AM.
Binance Asia Services the body that operates Binancesg had recently submitted an application for a license.
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