Binance Stops Providing Payment Services in Singapore

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Singapore’s financial regulator said Binance could be in breach of the Payment Services Act to provide payment services without an appropriate license. As Binance did not apply for a license under local law, the Monetary Authority of Singapore included Binance.com in the list of investor warnings. The list warns consumers that Binance is not regulated or licensed to provide any payment services in Singapore. Binance is required to stop providing payment services to Singaporeans.

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