CZ (Changpeng Zhao) Binance CEO and Founder
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Singapore Crackdown on Cryptocurrency, Binance Ordered to Stop Payment Services in Singapore

3rd September 2021 | Singapore

Singapore has joined China & Hong Kong in the crackdown on cryptocurrency, with Singapore’s Central Bank Monetary Authority of Singapore (MAS) ordering Binance (one of the world’s largest cryptocurrency exchanges) to stop providing payment services in Singapore.  Binance could be in breach of the Payments Services Act for providing payment services in Singapore without a license.  Monetary Authority of Singapore (MAS) has also added Binance.com to the MAS investor alert list, which has 699 entities listed.  Recently, UK (United Kingdom) has banned Binance in conducting regulated activities and Japan Financial Services Agency has also warned of Binance operating without a license.  View: Singapore MAS Alert List

“ Binance Ordered to Stop Payment Services in Singapore “

 


China Authority Crackdown on Virtual Currency, Issue Warning to Financial Institutions & Businesses

CZ Changpeng Zhao Binance CEO And Founder
CZ (Changpeng Zhao) Binance CEO and Founder

In July 2021, China financial authority continued its crackdown on virtual currency, issuing warning to financial institutions and businesses not to directly or indirectly provide virtual currency-related services to customers, and consumers to not to participate in the hype of virtual currency (Bitcoin, Cryptocurrency etc).  The statement issued on 6th of July 2021 (Tuesday), also ordered a Chinese company Beijing Tongdao Cultural Development to cancel its software services for virtual currency transactions.  View: Statement

 

MAS:

More:

China:

Hong Kong:



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