Binance, the number one exchange by reported trading volumes, will discontinue support for trading pairs in the Singapore dollar (SGD) on Sept. 10.
In addition, it will remove SGD payment options from the website.
The company will also delete its application from Google Play and App Store in Singapore.
Earlier this week, the Monetary Authority of Singapore (MAS) ordered the crypto giant to stop providing payment services due to possibly violating local laws.
Alex DovbnyaIn late August, Norwegian krone trading was discontinued by Binance. The exchange also removed the Norwegian language option from its website.
Binance found itself in troubled waters earlier this year, with regulators around the world zeroing in on the top exchange. The regulatory pressure forced the leading crypto company to adopt a proactive approach to compliance.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Gamza Khanzadaev
Dan Burgin
Vladislav Sopov