Binance users in Singapore can no longer use Binance.com

Syed AhadWeb Editor

05th Sep, 2021. 09:51 pm
Binance.com

Binance CEO, Changpeng Zhao (CZ) posted three tweets in a row, telling users of Binance in Singapore that they can no longer use Binance.com. As an alternative, he stated that Singapore-based users must currently use binance.sg.

In detail, he stated that this is for the reason that of directions set by the Monetary Authority of Singapore (MAS). He further said that due to these instructions, there may be certain limits for Singapore-based users who access the platform using binance.com.

He adds that these rules are set by governing bodies and all Binance can do is to attempt and save up with the rules.

On this matter, he expects that the users will recognize and goes on to thank them for their understanding. Therefore, CZ says to Singapore-based users that it is not dangerous for them to use Binance.sg. In fact, he pressures that this choice bids as an independent thing that works in Singapore.

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