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Binance unit plans bid for Singapore crypto license
linkweb3
2023-03-02
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Summary："Once the relevant amendments to the Payment Services Act go live and the application for a custody license opens, Ceffu will make its official application with the MAS (Monetary Authority of Singapore)," the unit's Vice President Athena Yu said in a statement to Reuters. Late last year U.S. crypto exchange Coinbase, Crypto.com and DBS Vickers - brokerage run by Singapore's largest bank DBS - received similar approval from the central bank to offer payment services in the country. Binance has
"Once the relevant amendments to the Payment Services Act go live and the application for a custody license opens, Ceffu will make its official application with the MAS (Monetary Authority of Singapore)," the unit's Vice President Athena Yu said in a statement to Reuters. Late last year U.S. crypto exchange Coinbase, Crypto.com and DBS Vickers - brokerage run by Singapore's largest bank DBS - received similar approval from the central bank to offer payment services in the country. Binance has earlier faced challenges in Singapore.
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