Binance Announced the Suspension of Related Business in Singapore

TokenInsight news, starting at noon Singapore time on September 10, Binance.com will take down the Singapore dollar trading pair, stop the Singapore payment method, and will be taken down from the Singapore IOS store and Google Play store. The Monetary Authority of Singapore said on September 2 that it "considers Binance.com's operator, Binance, to be in possible breach of the Payment Services Act" and ordered it to stop providing payment services to Singapore residents. Subsequently, the MAS placed Binance.com on its investor alert list. In addition, the MAS did not list Binance's Singapore version of the exchange Binance.sg, which is operated by Binance Asia Services and remains unaffected by the ban. Singapore is the latest country to crack down on Binance. South Africa, Malaysia, the UK, Italy, the Cayman Islands, and Japan have all taken similar action against Binance in the past few months.