Nikkei AsiaIn line with the reports announced by Binance, it is in Singapore. licenceHe starts his work as a “trustee”.
The issue of “licensing” for the crypto industry has been accelerating lately. Especially in the news coming from the Asian side, “license application” activities were observed frequently. Nikkei Asia, in the light of published reports Binance‘of Singapore‘in licence He stated that he was working on getting it. However, he added that the move to obtain a license would be more of a custodian rather than a clear task. Moreover Binanceannounced its withdrawal from Singapore in December 2021. Binanceseems to have warmed up to Singapore again with this step.
Binance Restores Good Relations with Singapore
According to a published report Binance, at the beginning of February CeffuIt has been stated that it has applied to the Monetary Authority of Singapore with its new brand, which it calls . CeffuBinance, which aims to provide custody services in the country with its brand, Capital market servicefor licenceconfirmed that he had applied.
Moreover depositorydeclared to be tasked in case of Ceffu, not for retail customers, Only institutional investorsAnd high income individuals He added that he will be operating for in December of 2021 SingaporeBinance, which terminated its activities, has been active in the region again with this move.
