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Just last week Binance Singapore placed Richard Teng at the helm of the organization. Step 2 Link Your Xfers Account.

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While Binance has continued to accelerate its compliance efforts its regulatory woes just keep mounting. The exchange platform was placed on the central banks Investor Alert List on 2 September. 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.

Binance appoints ex-MAS director as Singapore chief Richard Teng was employed at the Monetary Authority of Singapore for 13 years and at the Singapore Exchange for seven. Richard Teng Richard Teng was chief regulatory officer at SGX from 2007 until 2015 and had spent 13 years at the Monetary Authority Singapore MAS before that with his most recent title being director. Binance Cuts Singapore Dollar Pairs After Troubles With MAS September 6 2021 CryptoExpert Business In a recent announcement the Binance cryptocurrency exchange said that it will soon be ceasing SGD trading pairs SGD payment options and is removing its application from the Singaporean Google Play iOS app stores.

Its easy for anyone to get started even if you have never bought cryptocurrency. Step 1 Create an Account. The Singapore arm of cryptocurrency exchange Binance has appointed the former regulatory chief at the Singapore Exchange SGX as chief executive.

Binance Singapore is the cryptocurrency trading platform operating under Binance Holdings Singapore unit Binance Asia Services. Binance obtained yesterday September 2 an order from the Financial Authority of Singapore MAS to cease offering cost providers to Singapore residents. A spokesperson for the Monetary Authority of Singapore MAS tells Decrypt that Binance Asia Services which is Binances registered entity in Singapore is not currently licensed.

Binance received yesterday September 2 an order from the Monetary Authority of Singapore MAS to stop providing payment services to Singapore residents. The Monetary Authority of Singapore MAS is in the news. The Monetary Authority of Singapore MAS is in the news today after it put the cryptocurrency exchange on its regulatory radar.

After UKs FCA curtailed all Binance operations last week Singapores topmost regulator Monetary Authority Services MAS has decided to follow up soon amid the rising global crackdown. SINGAPORE The Straits TimesAsia News Network. The Monetary Authority of Singapore is currently reviewing Binances application but a significant number of companies like Binance have been turned down.

On Thursday July 1 the regulator noted that MAS is currently reviewing Binances application to provide crypto token services in the country. In June 2021 MAS said in its response to queries from The Straits Times. The Easiest Way to Buy Cryptocurrency in Singapore.

Here are a. The new CEO was formerly the Chief Regulatory Officer of Singapore Exchange and once served as the Director of Corporate Finance at the MAS. The Singapore arm of cryptocurrency exchange Binance has appointed the former regulatory chief at the Singapore Exchange SGX as chief executive.

The Monetary Authority of Singapore MAS has ordered Binance to stop providing payment services in Singapore and to cease soliciting business from Singapore residents. This comes after its parent company came under scrutiny from global authorities.

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