Binance withdraws Singapore crypto-licence application
The company will shut down its trading platform in the country by February 13, ending speculation about the city state becoming the global headquarters for Binance.
The Singapore-based crypto exchange is to refocus its operations toward blockchain technology, Bloomberg reported citing a statement.
Binance Holdings Ltd, founded in 2017 and operating as a cryptocurrency exchange platform, has not set up a global base yet.
It was among 170 firms that passed the approval of the country’s Monetary Unit to provide cryptocurrency services.
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