SINGAPORE - Cryptocurrency exchange Binance will not be closing the accounts of Singapore users even though it has restricted access to trading cryptocurrencies on its platform, in line with a regulatory order by the Monetary Authority of Singapore (MAS).
On Monday (Sept 27), Binance said users in the Republic would no longer be allowed to buy and trade cryptocurrencies on its main platform - binance.com - and advised users to cease all related trades, withdraw fiat assets and redeem tokens by noon on Oct 26, to avoid potential trading disputes.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you