Binance blocks deposits and trading for Singapore residents

Binance blocks deposits and trading for Singapore residents

The cryptocurrency exchange announced new restrictions amid pressure from the regulator.

At the beginning of the month, Binance was forced to stop accepting deposits in the Singapore dollar.


According to a statement published on the Binance website, users in Singapore will now be unable to make deposits in fiat currencies, trade spot, use Liquid Swap, or purchase cryptocurrency using fiat. 


This year, Binance has faced strong regulatory pressure. Subsequently, management was forced to suspend some services in several countries.


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According to cointelegraph.com

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