Binance Prevents Singapore Users To Buy Or Transaction Electronics On The Main Platform

Binance, one of the largest electronic transactions in the world, said Monday (September 27) that users in Singapore will no longer be allowed to buy and transaction electronics on its main platform, To comply with local regulations 9: 00/1: 21 binlogo nanlogo namlogo is seen on their exhibition booth at the Delta Summit, Malta's official Blockchain and Digital Digital Innovation Promoting electronic money, in St Julian's, Malta October 4, 2018. (Photo: Reuters) Accordingly, the Singapore Monetary (MAS) this month warned Bince.com that it could violate the law Local France and should stop providing payment services for residents of the city. From October 26, users in Singapore will no longer be able to send fiat currencies or buy or transaction electronics immediately on the background The base, statement on Monday, said - this is considered a significant tightening of the announced limitations immediately after the statement of Mas.Binace also operates a platform

. Local separately, registered a license in Singapore. Like other candidates, it is allowed to operate in Singapore according to the exemption while MAS processes a registration application. Electronic money trading floors such as BINNCE, can previously serve most markets in the world About one platform, is increasingly encountering against local management agencies, who want to monitor their activities better. In recent months, many management agencies in the UK , Italy and Hong Kong said the BINANCE units are not allowed to carry out some activities in their market and Malaysia's financial management agencies reprimanding this trading floor illegally activity there. . (Reuters)

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