您现在的位置是:Binance announces changes to its offering in Singapore >>正文
Binance announces changes to its offering in Singapore
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛21人已围观
简介The embattled crypto platform announced it would cease trading in Singapore dollars as it looks to g...
The embattled crypto platform announced it would cease trading in Singapore dollars as it looks to get on the right side of the country’s regulator
Binance’s issues with regulators are far from over, with Singapore being the latest country to raise the alarm over the platform’s services. Binance suffered yet another blow at the beginning of the month, this time from the Monetary Authority of Singapore (MAS). The financial watchdog placed the crypto firm on the ‘Investor Alert List’.
The MAS argued that Binance might have violated payment regulations in the country, leading to a Sunday announcement by the crypto exchange that it would be halting some of its offerings in the Asian country. The exchange was warned to close trading in Singapore and cease seeking trades from any Singaporean customers it had.
“As Binance constantly evaluates its product and service offerings to remain compliant with local regulations, we will cease the following products and offerings in Singapore on Friday, 2021-09-10 04:00 AM UTC (12:00 PM UTC+8),”the post read.
Binance said that its peer-to-peer trading would also come to an end with the exchange scheduling the removal of its SDG pairs by 10 September. The firm advised its users to clear peer-to-peer associated trades they held and other associated trading advertisements by 9 September. In addition, Binance plans to detach its mobile application from the Apple Store and Google PlayStore in Singapore.
Once again, Binance reaffirmed its commitment to working collaboratively with regulators to achieve and maintain a conducive trading and investing environment. It was only last week that South Africa’s regulator, The Financial Sector Conduct Authority (FSCA), warned that the exchange was not legally allowed to conduct any operations in the country, asking for caution and vigilance from the public.
South Africa and Singapore only add to a growing list of countries at loggerheads with Binance for illegal operations within their respective domains. Binance’s numbers firmly remain sky-high, but from an investor standpoint, uncertainty is creeping in.
Binance US, though a separate entity from Binance, last week saw investors go back on their intentions to finance a $100 million funding round, as per a report by The New York Times. The report suggested that the investors pulled out, citing concerns over the lack of clarity in separation between Binance and Binance US, considering Binance CEO Changpeng Zhao held a 90% stake in Binance US. Binance US CEO Brian Brooks resigned shortly after citing differences over strategic directions at the firm, with his stint at the helm only lasting about three months.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/31772.html
相关文章
NASA’s Ingenuity Mars helicopter goes silent after 72nd flight
Binance announces changes to its offering in SingaporeBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.NASA’s In...
阅读更多
World's 1st AI
Binance announces changes to its offering in SingaporeBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Unravelin...
阅读更多
DEX’s January trading volume tops $50B
Binance announces changes to its offering in SingaporeThe trading volume on decentralised exchanges (DEX) surpassed the $50 billion mark for the first tim...
阅读更多
热门文章
- Experts: South Korean Crypto Bill Conflicts With Present Laws
- BlockFi's Bitcoin Trust to compete with GBTC
- Bitcoin Rich List: 5 greatest fortunes of the ‘crypto sphere’
- Ripple dives 17% amid SEC lawsuit reports
- Bullish for BTC/USD as price hits 2
- SpaceX’s Falcon Heavy launches the secret X37B space plane to orbit
最新文章
GALA soars by 15% today: Here is why
NASA's moon mission delayed: Artemis II to 2025, III to 2026
Chainlink (LINK/USD) losing $6 will be a bear trigger
NASA to 'wiggle' Ingenuity's wings to assess damage
Metacade Could Triple Its Price in Presale, Experts Predict
Grayscale's ETHE shares fall as ETH rises