Binance may have breached rules, says Singapore central bank

Binance may have breached rules, says Singapore central bank

FILE PHOTO: The logo of Binance is seen on their exhibition stand at the Delta Summit, Malta's official Blockchain and Digital Innovation event promoting cryptocurrency, in St Julian's, Malta October 4, 2018. REUTERS/Darrin Zammit Lupi

Singapore central bank said on Thursday that Binance, one of the world’s largest cryptocurrency exchanges by trading volume, could be in breach of local laws and should stop providing payment services to the city-state’s residents.

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