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Binance Singapore Mas

The list warns investors of companies or firms that may have been wrongly perceived as being licensed or regulated by MAS This is similar to a warning issued by the UKs Financial Conduct Authority. Register A New Account Now.


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The Info Guide provides you all the information you need to make a decision.

Binance singapore mas. MAS aware of regulatory actions against Binance. Binance received yesterday September 2 an order from the Monetary Authority of Singapore MAS to stop providing payment services to Singapore residents. The worlds number one by volume.

Binance Cuts Singapore Dollar Pairs After Troubles With MAS September 6 2021 CryptoExpert Business In a recent announcement the Binance cryptocurrency exchange said that it will soon be ceasing SGD trading pairs SGD payment options and is removing its application from the Singaporean Google Play iOS app stores. The exchange platform was placed on the central banks Investor Alert List on 2 September. The Monetary Authority of Singapore MAS is in the news today after it put the cryptocurrency exchange on its regulatory radar.

While Binance has continued to accelerate its compliance efforts its regulatory woes just keep mounting. September 6 2021 CryptoExpert Business. Binance P2P in Singapore is among Binances services and offerings affected.

The MAS said on Sept. The worlds number one by volume. Ad Why should you choose Binnance.

Meanwhile yesterday 2 Jul in response to the investigations conducted by several countries against Binance Singapores MAS told the media that it is aware of actions taken by other regulators against the cryptocurrency exchange. Binance to halt Singapore products after MAS warning. As a result it was required to cease providing payment services to Singapore residents.

SINGAPORE The Straits TimesAsia News Network. In an announcement on Sunday Binance said that it. The Monetary Authority of Singapore MAS the countrys financial regulator has added Binance to its investor alert list.

In response to concerns raised by the Monetary Authority of Singapore MAS Binance P2P is set to remove SGD trading pairs in bitcoin Ethereum and its own native cryptocurrency Binance Coin BNB on Sept 10 2021. The list contains companies. For context MAS places companies on this list for giving the public the wrong impression that they are licensed or regulated by the MAS to provide regulated financial services in Singapore even if they do.

In a separate statement Binance Singapore said that MAS notice has no direct impact on the services provided on Binancesg. Binance P2P allows people to trade directly with each other in virtually any country. The exchange advised all P2P users to complete all related trades and to remove their trade-related advertisements by Sept 9 to avoid the potential of trading disputes.

In a recent announcement the Binance cryptocurrency exchange said that it will soon be ceasing SGD trading pairs SGD payment options and is removing its application from the Singaporean Google Play iOS app stores. BNB Enables You To Buy Sell In Minutes. Ad Trade Anywhere On Any Device.

2 that Binance may be in breach of the act for carrying on the business of providing payment services to and soliciting such business from Singapore residents without an appropriate license. Ad Why should you choose Binnance. It allows the act of buying and selling cryptocurrency between users without an intermediary to broker the deal much like an online marketplace such as Facebook Marketplace which links the buyer to the seller.

MAS Website on 2 Sep 2021. The Monetary Authority of Singapore MAS has ordered Binance to stop providing payment services in Singapore and to cease soliciting business from. The easiest way to buy Bitcoin cryptocurrency in Singapore instantly with Binancesg - Set up and verify your account today.

Binance said in a blog post that it would be ceasing Singapore dollar trading pairs and payment options as well as removing the app from Singapore iOS and Google Play stores as of Friday. The Info Guide provides you all the information you need to make a decision. Binance Cuts Singapore Dollar Pairs After Troubles With MAS.

UPDATED Mon Sep 06 2021 - 602 AM. September 5 2021. Binance Cuts Singapore Dollar Pairs After Troubles With MAS.

Mon Sep 06 2021 - 550 AM.


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