Binance.com Suspends Most of its Operations in South Africa

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Binance Group, which operates the binance.com website, has announced some changes to its operations in South Africa. The company stops offering leveraged products including futures, options and tokens in this country. South African consumers will not be able to open new positions for these products and will have to close all existing ones within 90 days. The action comes after the implementation of similar restrictions in Australia, Singapore, Malaysia, and Hong Kong. Binance.com offers consumers several 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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