Binance Singapore has withdrawn its application for a license to operate a cryptocurrency exchange, and will shut down its trading platform in the city-state by February 13 . Binance Singapore’s users will be informed through email as to what steps they will need to take as the platform ceases its operations.13 Ara 2021
Read moreWhat happened to Binance?
Binance Asia Services Ltd., the Singapore affiliate of the world’s largest cryptocurrency exchange, has withdrawn its application to run a bourse in the city-state , ending an effort that started last year to win approval from Singapore’s authorities.
Read moreCan 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
Read moreWhat will happens if Binance shuts down?
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
Read moreIs Binance closing accounts?
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.
Read more