A person holding a visual representation of the digital crypto-currency Bitcoin. Photo: AFP
A person holding a visual representation of the digital crypto-currency Bitcoin. Photo: AFP
Singapore

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

Topic |   Singapore
A person holding a visual representation of the digital crypto-currency Bitcoin. Photo: AFP
A person holding a visual representation of the digital crypto-currency Bitcoin. Photo: AFP
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