Binance ceases trading in Singapore dollars

Tuesday 7 September 2021 11:39 CET | News

Binance has announced that it will cease offering trading pairs and payment options in Singapore dollars to remain compliant with the country’s regulators.

Binance will also remove its app from Singapore iOS and Google Play stores. SGD trading pairs will also be removed from Binance P2P.

The exchange further advised users to complete all related P2P trades and remove all related advertisements by September 9, 2021.

The announcement followed a notice issued by the Monetary Authority of Singapore (MAS) stating that Binance ‘may be in breach of the Payment Services Act’.

More: Link

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Keywords: cryptocurrency exchange, cryptocurrency, Binance, regulation
Categories: DeFi & Crypto & Web3
Countries: Singapore
This article is part of category

DeFi & Crypto & Web3