Staring into the Cryptocurrency Universe o.o
So Binance.com has been ordered to stop providing products in Singapore as reported here. The reason for this ‘Ban Hammer’ coming down now is due to Binance.com not being regulated under the Payment Services Act in Singapore. With effect from 9 Sep 2021, Binance.com will not be providing any SGD trading pairs, payment/transfer options and it’s apps will be removed from the Singapore iOS App Store and Google Play Store.
Do note that Binance.Sg is a separate entity and they are still operating in Singapore
I think cryptocurrency in Singapore definitely has gained massive traction. I think most folks who didn’t know or understand it previously, would have picked up bits of information or knowledge from different sources. When I ask the less informed around me about crypto, typically they still think that it’s a form of currency used for money laundering...