Why Binance withdrew its Singapore license application, and what this means for Zilliqa
Binance CEO Changpeng Zhao explains why it makes sense to bow out of Singapore now.
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Binance CEO Changpeng Zhao explains why it makes sense to bow out of Singapore now.
Samuel Wan 3 min read
The Singaporean arm of crypto trading giant Binance has withdrawn its application for a crypto services permit in the city-state.
The bank has become the 24th member of the Hedera Governing Council and is the first Southeast Asian bank to have joined the worldwide hyperledger organization.
The island nation has long and planned its own CBDC. And development is now set to begin.
Binance Singapore has announced its new CEO in its bid to become more regulatory compliant.
Over 78% investors in the island city have invested in the world’s second-largest cryptocurrency, with 40% punting on the third-largest one.
Institutional crypto trading platform DBS Digital Exchange saw its trading volume grow up to $40 million in just a few months.
The new system, dubbed Patrior, is designed to replace the inefficient “hub-and-spoke” model for international payments.
Singapore-based Bybit continues to add to its lineup of crypto derivatives products for users to trade with the…