Binance withdraws application to run a licensed crypto exchange in Singapore 

Photo: Executium / Unsplash.com

Cryptocurrency exchange Binance has withdrawn an application submitted to the Monetary Authority of Singapore to run a licensed cryptocurrency exchange in the country, the company said in a statement on Monday.

Binance.sg, the local website that currently runs a pared-down version of the exchange and is managed by Binance Asia Services, will stop operating on February 13, 2022.

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