Binance Singapore Withdraws Application For Local Crypto Bourse

Bloomberg2021-12-13

Binance Asia Services Ltd., the Singapore entity of Changpeng Zhao, has withdrawn its application for a license to run a cryptocurrency exchange, the company said.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 Feb. 13, the affiliate of the world’s largest crypto bourse said in an emailed statement. Binance Asia was among some 170 firms that applied to MAS for a permit last year.

Instead, Binance Asia will refocus its operations toward the blockchain technology, according to the statement.

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精彩评论

  • WWHowie
    2021-12-13
    WWHowie
    [Spurting] 
  • JT1806
    2021-12-13
    JT1806
    There goes. Hiaz... Very disappointing. The crypto trading in Sg is so controlled. 😒
  • Shishir
    2021-12-13
    Shishir
    Good
  • Bistkatt
    2021-12-13
    Bistkatt
    This is good
  • ARIESan
    2021-12-13
    ARIESan
    Oh nooo
  • Bistkatt
    2021-12-13
    Bistkatt
    Interesting
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