A person holding a visual representation of the digital crypto-currency Bitcoin. Photo: AFP
Binance’s regulatory setback in Singapore spurs shift in focus to Indonesia, Middle East
- The world’s largest cryptocurrency exchange withdrew its bid for a licence; reports said it couldn’t meet anti-money-laundering and terrorism financing criteria
- Analysts said the move could prompt firms to explore other places like Indonesia or the Middle East, but Singapore, with its clear-cut regulations, is still crypto-friendly
A person holding a visual representation of the digital crypto-currency Bitcoin. Photo: AFP