MAS aware of regulatory actions against Binance

It will follow up as appropriate; licence application of crypto exchange's Singapore arm being reviewed

Singapore's central bank is aware of the actions taken by other regulatory authorities against cryptocurrency exchange Binance and will follow up as appropriate.

In response to queries from The Straits Times, the Monetary Authority of Singapore (MAS) noted that Binance's Singapore arm Binance Asia Services is exempted from holding a licence under the Payment Services Act for the provision of digital payment token services as its licence application is being reviewed.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

A version of this article appeared in the print edition of The Straits Times on July 02, 2021, with the headline 'MAS aware of regulatory actions against Binance'. Subscribe