Binance.com Ceases Operations in Singapore

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Binance Group, which is currently based in the Cayman Islands and operates the website binance.com, has announced that after the end of October 2021 clients in Singapore will not be able to fund their wallets and trade cryptocurrencies. Singaporeans are advised to terminate all associated trades and convert their tokens. The action comes after the implementation of similar restrictions in Malaysia and Hong Kong. Binance.com offers consumers a number of financial products and services, including the purchase and trading of a wide range of digital currencies, but is not licensed in these countries.

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