MAS demands crypto exchange Binance cease operations

Monetary Authority of Singapore

The Monetary Authority of Singapore has called on crypto exchange Binance to cease operations in Singapore or risk breaking the law, dealing another blow to the crypto trading giant, which is grappling with regulation worldwide.

Binance “may be in break of the Payment Services Act”, a spokesperson for the MAS confirmed to Central Banking on September 7.

The crypto exchange is accused of “carrying on the business of providing payment services to and soliciting such business from Singapore

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: