BINANCE, one of the world’s largest cryptocurrency exchanges, is looking to acquire a minority stake in MX Global Sdn Bhd, a digital asset exchange (DAX) licensed by the Securities Commission Malaysia (SC), sources say. The sources say the acquisition is pending the SC’s approval, adding that it has received the green light from the Companies Commission of Malaysia (CCM).
HONG KONG (Reuters) -The Singapore affiliate of Binance, one of the world's largest cryptocurrency exchanges, said in a statement on Monday it will wi.
HONG KONG (Reuters) -The Singapore affiliate of Binance, one of the world's largest cryptocurrency exchanges, said in a statement on Monday it will wi.
Binance Asia Services Pte Ltd (幣安亞洲服務), the Singapore affiliate of the world’s largest cryptocurrency exchange, has withdrawn its application to run a bourse in the city-state, ending an effort that started last year to win approval from Singaporean authorities.
The fiat-to-crypto trading platform Binance.sg is to wind down operations and close by Feb. 13, Binance Asia said in an e-mailed statement.
The company was among about 170 firms that applied to the Monetary Authority of Singapore for a permit to provide cryptocurrency services.
The withdrawal from the Singapore process is likely to end speculation that the Southeast Asian city-state would become the