Binance is seeking a license in Singapore to provide corporate clients in Singapore with crypto custody services.
Singapore aspires to be a worldwide cryptocurrency centre, but has been wary of cryptocurrencies because of their volatile and speculative character, sending contradictory signals to the industry.
Bybit, a Singapore-based cryptocurrency exchange, has announced it will be expanding its operations to Argentina. The exchange wants to offer Argentinian citizens another platform on which to transact, given the popularity that the cryptocurrency industry is enjoying in the country. The exchange will also have a dedicated team to support Argentinian operations.
It took four years for Terraform labs to grow as big as it did, with key moments along the way.
The Monetary Authority of Singapore (MAS), the country’s central bank and the regulator of the crypto sector, says that its licensing process for digital asset service providers needs to be stringent. “It needs to be because we want to be a responsible global crypto hub with innovative players, but also with strong risk management capabilities,” said the central bank chief.
The Nasdaq-listed cryptocurrency exchange Coinbase has made some changes to its services for customers in three countries. “This change will only impact users in Canada, Singapore, and Japan who are transferring digital assets from their Coinbase exchange wallet to a wallet off the Coinbase platform.”
Singapore will impose unilateral sanctions against Russia, a move a former diplomat said was the first time in decades that the city state was censuring a foreign nation without backing from the United Nations (UN) Security Council.
The innovative networking app wants to create a sprawling community in the Asia Pacific market.
Binance inability to comply with Singapore’s anti-money laundering regulations forced it out of the country.
Binance CEO Changpeng Zhao explains why it makes sense to bow out of Singapore now.
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