Binance withdraws its Singapore crypto-license application

Arab News | Dec 13, 2021 at 2:02 PM
  • The cryptocurrency exchange company Binance has withdrawn its application for a crypto-license in Singapore, Bloomberg has reported.
  • The Singapore-based crypto exchange is to refocus its operations toward blockchain technology, Bloomberg reported citing a statement.
  • It was among 170 firms that passed the approval of the country’s Monetary Unit to provide cryptocurrency services.