A lot of you have been asking for an article on the Binance ban and its implications + workarounds for Singapore based users. This article first appeared on Patreon, but given the interest – have decided to make it public. If you enjoy articles like this, do consider supporting FH as a Patron and receiving more exclusive content (and access to my personal portfolio and Stock Watch)! What is going on? Binance halts all SGD products Per latest announcement from Binance, from this Friday, 9 September, Binance.com will cease to provide the following products in Singapore:

• SGD trading pairs
• SGD payment options
• Removal of the App from Singapore iOS and Google Play stores

The background is that Binance.com is not regulated under the Payment Services Act in Singapore, and therefore it cannot provide regulated money transfer services in SGD in Singapore. Let’s run through the implications of each, and discuss potential workarounds:...