Binance has removed support for Singapore Dollar pairs and payments.

On September 10, Binance, the world's largest cryptocurrency exchange by trading volume, will stop supporting trading pairs in the Singapore dollar (SGD).

In addition, the website's SGD payment options will be removed.

In Singapore, the corporation would also remove its software from Google Play and the App Store.

The Monetary Authority of Singapore (MAS) ordered the crypto behemoth to stop offering payment services earlier this week, citing a potential violation of local rules.

It's unclear whether the company's removal of some products from the country will suffice to satisfy the regulator.

Binance stopped trading the Norwegian krone in late August. The Norwegian language option was also deleted from the exchange's website.

Binance ran into difficulty earlier this year, with regulators all across the world focusing their attention on the leading exchange. The major cryptocurrency corporation was compelled to take a proactive approach to compliance due to regulatory pressure.


No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Hot Topic

Algorand’s general value staked soars forty% in 2 months amid spiking weekly on-chain activity

With most of the people of assets in the cryptocurrency quarter persevering with to exchange in a sideways sample, some are recording succes...

counter, at the bottom of the page, in a table, div or under a menu.