Binance Asia Services Ltd., which recently withdrew an application to offer cryptocurrency services in Singapore, didn’t meet the central bank’s criteria for safeguarding against money laundering and terrorism financing, a person with knowledge of the matter said.
Japan’s SBI Holdings announced a joint investment in Singaporean crypto exchange Coinhako. The investment is part of SBI's strategy to venture into international markets.
Binance Singapore Drops Application For Local Crypto Exchange - Decision will likely end speculation about the city-state emerging as the global headquarters for the bourse
Binance has dropped its application for a license to run a cryptocurrency exchange out of Singapore, saying it will refocus its operations on blockchain technology.