TechFlow News, December 13 — Binance announced that its Binance Asia Services in Singapore will be repositioned as a blockchain innovation hub, including incubation programs, blockchain education, and further investment opportunities to support the development of the global blockchain ecosystem. Based on global strategic, business, and developmental considerations, Binance Asia Services has withdrawn its application to the Monetary Authority of Singapore (MAS) for a license to operate a regulated cryptocurrency exchange in the country. Binance.sg will officially cease operations on February 13, 2022. Previously, Binance announced Binance Asia Services' investment in the Singapore-compliant exchange HGX, as well as Binance's €100 million investment plan in France. A Binance spokesperson emphasized that operations on Binance.com and the global compliance initiatives will not be affected by this decision in any way.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
