Binance drops application for a licence to operate cryptocurrency exchange in Singapore

//Binance drops application for a licence to operate cryptocurrency exchange in Singapore

Binance drops application for a licence to operate cryptocurrency exchange in Singapore

Binance Asia Services Ltd, the Singapore entity of Changpeng Zhao, has withdrawn its application for a licence to run a cryptocurrency exchange, the company said.With that, Binance ends an effort to operate a regulated cryptocurrency bourse under the oversight of the Monetary Authority of Singapore.The fiat-to-crypto trading platform Binance.sg will wind down operations and close by February 13, the affiliate of the world’s largest crypto bourse said in an emailed statement.Binance Asia was…

Article by [author-name] (c) Business - South China Morning Post - Read full story here.

By | 2021-12-13T03:14:33+00:00 December 13th, 2021|Business|Comments Off on Binance drops application for a licence to operate cryptocurrency exchange in Singapore