Did Singapore's two-faced embrace of crypto leave Binance .
Photo by Martin Widenka on Unsplash Last week, the world-leading centralized crypto exchange, Binance, announced it had withdrawn its license application and would be winding down operations in Singapore. At the time, the exchange claimed its decision was connected to its recent acquisition of HGX.
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“When Binance left, it became a statement that Singapore doesn’t welcome the big boys,” says Anndy Lian, the chairman of BigONE Exchange. However, according to some, Singapore still has the potential to remain a crypto-hub. According to Ulisse Dellorto, Asia-Pacific director of blockchain analytics firm Chainalysis, Singapore offers advantages for becoming a crypto hub because of i
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Here is why Binance is leaving Singapore CryptoSlate
HONG KONG, Dec 13 (Reuters) - The Singapore affiliate of Binance, one of the world's largest cryptocurrency exchanges, said on Monday it will withdraw its local licence application and wind down its digital payment token business in the broadly crypto-friendly city-state.
Last week, Binance announced that it has acquired an 18% stake in Singapore-regulated private securities exchange, Hg Exchange (HGX). In September, Binance ended some services in Singapore after the MAS issued a warning telling the exchange to cease providing payment services.
Binance Singapore affiliate says will withdraw licence bid .
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Dec 13, 2021 The world's largest crypto exchange, Binance, announced on Monday that it has withdrawn its application for a license to operate in Singapore and will end its trading platform in the.
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Binance Shutting Down Crypto Exchange Services in Singapore .
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Binance Singapore was among roughly 170 companies that had applied to the Monetary Authority of Singapore (MAS) for a license to provide crypto services. The company had been operating under a.
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Crypto Giant Binance Shuts Down Singapore Trading Platform
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Users in Singapore can register for an account on Binance.sg, which is operating under the relevant exemption granted by the MAS. Users in Singapore may use Binance.sg for trading pairs for Bitcoin (BTC), Ethereum (ETH) and BNB currently and may expect more product releases in future.
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