The Business Times
business-time-50
CRYPTO CLASH

Binance's Singapore crypto hub plans in regulatory limbo

While its licence application is still under review by the MAS, Binance has hinted it might withdraw its application and turn elsewhere

google-preferred-sourceAdd BT as a preferred source
Published Wed, Dec 1, 2021 · 09:50 PM

    Singapore

    BINANCE may be the largest cryptocurrency exchange in the world, but its plans to cement its place in Singapore may be a tough sell for a tough regulator.

    The crypto company is waiting on the sidelines for its local arm to clinch a permit to operate in the city-state, even as smaller operators get the go-ahead.

    CryptocurrenciesBinanceMonetary Authority of Singapore

    TRENDING NOW

    Tribunal Magistrate Jared Kang described dismissal law as “a little more layered, difficult and unclear than it perhaps needed to be”.

    Firm loses wrongful dismissal case despite following termination clause

    The Vietnamese economy has long relied heavily on bank lending, straining commercial banks as they shoulder the bulk of the financing needed by companies and large infrastructure projects.

    Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks

    Soilbuild and its executive chairman Lim Chap Huat are reportedly seeking unspecified damages over Brookfield’s alleged breach of their agreement.

    Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ

    UOB’s asset quality was a recurring theme across all broker notes.

    Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More