Binance said its global platform has constantly evaluated its offerings to ensure they do not only meet customers’ demand, but also comply with local regulations. SOPA Images/LightRocket via Getty ImagesThe latest restrictions do not apply to the company’s local platform, Binance Singapore, which is operated by affiliate Binance Asia Services. Earlier this month, Binance.com ceased Singapore dollar trading pairs and payment options in the city-state. The compliance came shortly after the Monetary Authority put the crypto trading platform on its investor alert list, which includes unregulated entities that might be “wrongly perceived as being licensed or regulated” by authorities. Last month, Binance appointed former chief regulatory officer of the Singapore Exchange, Richard Teng, as CEO of its Singapore affiliate.

Source: Forbes September 28, 2021 11:03 UTC