Bitcoin
$42,962.40-1.17%
Ethereum
$2,980.35-3.23%
XRP
$0.934846-1.34%
Cardano
$2.18-3.14%
Polkadot
$28.10-4.30%
Stellar
$0.270288-2.93%
Dogecoin
$0.202241-2.38%
Chainlink
$23.44-5.49%
Uniswap
$22.74-6.47%
Algorand
$1.72-1.34%
Polygon
$1.11-2.67%
Cosmos
$37.44-5.84%
Litecoin
$148.29-2.44%
Bitcoin Cash
$498.48-1.93%
Wrapped Bitcoin
$42,946.08-1.30%
The Graph
$0.680654-1.75%
Filecoin
$61.37+4.13%
Tron
$0.087646-1.00%
Ethereum Classic
$46.33-2.61%
Tezos
$6.16-8.15%
Aave
$279.38-5.64%
Monero
$239.12+1.81%
NEO
$38.18-2.60%
EOS
$3.89-4.01%
IOTA
$1.16-3.45%
BitTorrent
$0.003150-2.52%
Bitcoin SV
$128.20-1.48%
Waves
$23.29-2.56%
Maker
$2,285.81-3.90%
Dash
$156.76-3.94%
Decentraland
$0.673836-6.09%
Decred
$107.53-5.33%
ICON
$1.53-7.25%
OmiseGO
$9.23+0.40%
NEM
$0.143298-3.96%
Zcash
$106.23-5.10%
Paxos Standard
$1.01-0.02%
Yearn Finance
$29,370.54-4.42%
Ren
$1.05-7.36%
NuCypher
$0.267219-3.83%
Qtum
$9.41-2.26%
Bitcoin Gold
$50.70-4.42%
Basic Attention Token
$0.619492-4.53%
0x
$0.872325-3.28%
Fetch.ai
$0.754604-8.88%
Kava.io
$5.77+0.43%
Bancor
$3.45-3.13%
Band Protocol
$7.18-4.21%
Siacoin
$0.014532-4.01%
Nano
$4.26-6.88%
Loopring
$0.370921-0.95%
Storj
$1.05-3.52%
Numeraire
$40.18-3.32%
Civic
$0.420983-4.63%
Lisk
$2.73-3.38%
PAX Gold
$1,760.09+0.12%
Orchid
$0.311392-3.08%
Enzyme
$149.37-3.03%
Augur
$20.29-4.57%
Aragon
$4.41-4.54%
district0x
$0.144949-2.51%
Kyber Network
$1.42-3.52%
SingularDTV
$0.001225-0.72%
Tether
$1.00-0.03%
USD Coin
$1.00+0.01%
Dai
$1.00-0.04%
Breaking news: Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case

Binance Cuts SGD Trading Pairs Following Warning From Singapore Regulators

Last Thursday, Singapore issued an investor alert. This Friday, Binance will end payment options in the local currency.

Sep 5, 2021 at 4:13 p.m. UTC
Updated Sep 7, 2021 at 1:18 p.m. UTC

Cryptocurrency exchange Binance is significantly curtailing its exposure to the Singapore crypto market.

Days after the Monetary Authority of Singapore said the company may be in violation of the country’s Payment Services Act, Binance said it is eliminating SGD trading pairs and payment options. It is also removing its app from iOS and Android marketplaces used by Singapore residents.

The move is effective Friday, Sept. 10 at 04:00 UTC, Binance said.

This past Thursday, Singapore became the latest country to take regulatory aim at the exchange, issuing an investor alert for Binance’s global website.

The exchange has been in regulators’ crosshairs all around the world in recent months, including in Japan and the U.K.

Binance, which has been acting with rapidity to address regulator concerns, is currently awaiting the review of its application to operate in Singapore.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Kevin Reynolds is CoinDesk's global news editor. He owns bitcoin, ether, polygon and solana.

Loading...