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Despite Singapore Regulations, Binance Continues Operations

Summary: According to Bloomberg, despite local regulations in Singapore for unlicensed cryptocurrency exchanges, Binance plans to continue operating remotely. The Monetary Authority of Singapore (MAS) had previously ordered local cryptocurrency companies without a Digital Token Service Provider (DTSP) license to cease serving overseas customers by June 30th (local time). Sources cited by the media stated, 'It ...

According to Bloomberg, despite local regulations in Singapore for unlicensed cryptocurrency exchanges, Binance plans to continue operating remotely. The Monetary Authority of Singapore (MAS) had previously ordered local cryptocurrency companies without a Digital Token Service Provider (DTSP) license to cease serving overseas customers by June 30th (local time). Sources cited by the media stated, 'It is expected that this regulation will not have a significant impact on Binance's operations.'

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