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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

Published Thu, Dec 2, 2021 · 05:50 AM

Cryptocurrencies

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.

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Monetary Authority of Singapore

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