The restrictions are being imposed for compliance reasons, it said. Users in Singapore were advised to cease all related trades, withdraw fiat assets and redeem tokens by the October deadline to avoid potential trading disputes.
Binance, the biggest crypto exchange, has been focused on compliance issues as regulators globally take an increasingly strong interest in the asset class. Previously, Binance said it would halt Singapore products after the central bank warned it might be in breach of local payment rules.
Photo: Bloomberg
