So here we go again kindly refer to this article by The Block. Meanwhile yesterday 2 Jul in response to the investigations conducted by several countries against Binance Singapores MAS told the media that it is aware of actions taken by other regulators against the cryptocurrency exchange.
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This is probably due to a need to comply with MAS.
Mas binance. The only major limitation of the Binancesg platform is that you can only trade eight cryptocurrencies. The list includes unregulated individuals or businesses that may have been wrongly perceived as being licensed or regulated by the Monetary Authority of Singapore MAS. Bloomberg reported that MAS is expected to follow up with the companys local subsidiary.
In a separate statement Binance Singapore said that MAS notice has no direct impact on the services provided on Binancesg. MAS aware of regulatory actions against Binance. 1 day agoWhile Binance has continued to accelerate its compliance efforts its regulatory woes just keep mounting.
This time Binance catches the attention of the Monetary Authority of Singapores MAS. Today Binance legal problems took a new twist. The move by Singapores central bank mirrors a crackdown on Binances operations by regulators around the world.
Responding to media queries an MAS spokesperson said that Binance the operator. The Monetary Authority of Singapore MAS is in the news today after it put the cryptocurrency exchange on its regulatory radar. Binance Asia Services is currently exempt from holding a license to provide digital payment token services under the transitional provisions of the law.
This comes after its parent company came under scrutiny from global authorities. The Monetary Authority of Singapore MAS has ordered Binance to stop providing payment services in Singapore and to cease soliciting business from Singapore residents. 1 day agoBinance one of the worlds largest crypto exchanges continues to be in the hot seat of some countries around the world.
Binance received yesterday September 2 an order from the Monetary Authority of Singapore MAS to stop providing payment services to Singapore residents. According to Bloomberg MAS noted. The Monetary Authority of Singapore MAS the countrys financial regulator and central bank said it would follow up as required with the local unit of Binance Holdings.
The list contains companies. Seems like this alert list has a number of unregulated entities that others perceived to be as being regulated or approved. We are aware of the actions taken by other regulatory authorities against Binance and will.
The exchange platform was placed on the central banks Investor Alert List on 2 September. 2 days agoSingapores central bank added Binance the worlds largest crypto exchange to its Investor Alert List on Thursday. This list includes the names of organizations and companies that have not been regulated by MAS.
The Monetary Authority of Singapore MAS announced on Friday that it would follow the same path as other financial regulators globally about their respective stance towards Binance a major cryptocurrency exchange. 1 day agoMAS added that Binance Asia Services a separate entity that operates another cryptocurrency exchange platform Binancesg has submitted a. MAS added that Binance Asia Services a separate entity that operates another cryptocurrency exchange Binancesg has submitted an application for a license under the Payment Services Act.
MAS aware of actions taken against crypto exchange Binance will follow up as appropriate Binance has been under scrutiny in several markets such as the United States and Japan in recent months.
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