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Learning & News => News related to Crypto => Topic started by: newshunter on December 14, 2021, 07:00:23 PM

Title: Binance Singapore withdraws crypto license application
Post by: newshunter on December 14, 2021, 07:00:23 PM

Binance Singapore withdraws crypto license application

Binance plans to “wind down” all services in Singapore by Feb. 13, 2022. Users are no longer allowed to deposit cryptocurrencies or fiat on the Binance.sg platform.

Source: Binance Singapore withdraws crypto license application (https://cointelegraph.com/news/binance-singapore-withdraws-crypto-license-application)

Would appreciate your opinion about this

Title: Re: Binance Singapore withdraws crypto license application
Post by: TomPluz on December 15, 2021, 11:12:03 PM

All I know is that Singapore is a big cryptocurrency market and that Binance will not just leave this market without having a plan...so here it is winding down its official operations but will eventually do the same business under a different entity which is already having the license to do business in this small but solid location. Right now, Binance is making many changes on its overall strategies and business and soon we can see it emerge as the best and most influential CEX of all time.