Binance.com, the global cryptocurrency exchange platfrom razglasitve the suspension of spot trading, fiat purchase channels, liquid swap, and fiat deposit functions. The suspension would come into effect from 26th October. The exchange also requested Singapore users to withdraw their tokens and cease their trades by the effective date. The exchange in its official press release said,
»Kot vodilni na trgu Binance nenehno ocenjuje svojo ponudbo izdelkov in storitev. Uporabnike Singapurja bomo omejevali glede reguliranih plačilnih storitev v skladu z našo zavezanostjo k spoštovanju. Uporabnikom v Singapurju svetujemo, naj do srede, 2021-10-26 04:00 AM (12:00 PM+8) prekinejo vse povezane posle, umaknejo fiat sredstva in unovčijo žetone, da se izognejo morebitnim trgovinskim sporom. "
Changes to Binance Offerings in Singaporehttps://t.co/tNscWF7zxd
- Binance (@binance) September 27, 2021
Binance’s trouble in Singapore began after the Securities Commission in the country put Binance.com under Seznam opozoril vlagateljev. In the wake of the first regulatory action, Binance ceased certain product offerings in the country before suspending key crypto trading features altogether. It is also important to note that Binance’s Sister company in Singapore has applied for a regulatory license and has been granted an exception until a decision is made on its filing despite the global platform facing regulatory scrutiny.
Binance se še naprej sooča z regulativnimi zastoji
Singapore was considered to be the next home for Binance after facing regulatory scrutiny from nearly a dozen countries. However, the recent series of events suggest Singapur regulators are also going after the global exchange despite harbouring its sister company. The world’s leading exchange’s regulatory troubles seem to meet no end as more countries continue to enforce action against it.
The crypto exchange has taken several decisions to mend its ways with regulators over the past couple of months, right from suspending derivative offerings in several countries to on-boarding regulatory experts. However, that hasn’t changed much, now the crypto exchange plans to establish a centralized headquarters and also looking for a change of CEOs if that can help.
Vir: https://coingape.com/breaking-binance-suspends-spot-trading-and-fiat-channels-in-singapore/
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