Can Binance be shut down?

Binance.sg, a fiat currency-to-digital token trading platform, will wind down operations and close by Feb. 13 , the company said, adding that it will stop accepting new registrations, crypto and currency deposits, and trading on the Singapore portal immediately.13 Ara 2021

Users will be able only to withdraw and move their crypto to third-party platforms or crypto wallets, and/or withdraw their SGD . “All accounts must be closed by February 13 2022,” the statement said.13 Ara 2021

In 2020, Binance shut off access to all accounts based in the United States due to pressure from regulators . Unfortunately, this move caused thousands of Americans to lose access to their Binance accounts, and by extension, their cryptocurrency holdings.