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  4. Singapore to follow up with Binance in wake of global

Singapore to follow up with Binance in wake of global

anthonypomppompliano
2022-10-21 06:13:27

(Bloomberg) — Singapore’s financial regulator said it would follow up as required with the local unit of Binance Holdings Ltd. after its parent company came under scrutiny from authorities around the world.
Binance Asia Services Pte. has a grace period during which it can operate in the city-state while the Monetary Authority of Singapore reviews its application for a license to provide digital payment token services, the regulator said Thursday. A number of other companies are undergoing a similar assessment and can continue their operations in the meantime, a MAS representative said in response to queries from Bloomberg.

Post Reply  
bellawilson
2022-10-21 06:18:16
Well, I'm also very sad to read this kind of thing because I really don't like it because this is bad news for Binance from Singapore.
It seems that Singapore does not want to be involved in Binance's rules, so Singapore creates its own rules for each cryptocurrency exchange so that in the future all users will feel safe, comfortable and fast to trade Binance.