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

Source: Tech – South China Morning PostBinance Asia Services Ltd, the Singapore entity of Changpeng Zhao, has withdrawn its application for a licence to run a cryptocurrency exchange, the company said.With that, Binance ends an effort to operate a regulated cryptocurrency bourse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…Read More

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