October 19, 2021

Binance Blocks Deposits And Trading For Singapore Residents

Binance Blocks Deposits And Trading For Singapore Residents

The cryptocurrency exchange announced new restrictions amid pressure from the regulator.

At the beginning of the month Binance was forced to stop accepting deposits in the Singapore dollar.

According to a statement posted on the websiteBinance, Singapore users will no longer be able to deposit in fiat currencies, trade on the spot, use Liquid Swap, and buy cryptocurrency with fiat.

Binance has faced strong regulatory pressure this year. Subsequently, the management was forced to suspend some services in several countries.

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According to the materials cointelegraph.com

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