![]() ![]() ![]() ![]() The Monetary Authority of Singapore told The Straits Times earlier this month that it was aware of the actions other regulatory authorities had taken against Binance, and that it would follow up as appropriate.īinance's Singapore arm, Binance Asia Services, is exempted from holding a licence under the Payment Services Act for the provision of digital payment token services while its licence application is being processed. The firm has assisted in some 5,600 investigation requests this year from law enforcement agencies around the world to crack down on cybercrimes such as money laundering, scams and terrorist financing, he noted. BINANCE and its CEO Changpeng Zhao have filed a motion to dismiss a complaint against the cryptocurrency exchange by the US Commodity Futures Trading Commission (CFTC), the company said in a court filing on Thursday (Jul 27). In his letter, Mr Zhao said the firm aims to continue its efforts in working with regulators to meet their concerns as the industry grows, noting that there is "still much to do to harmonise the treatment of cryptocurrency around the world". The company has also been probed by various regulators and government agencies in Germany, Japan and the United States. It had issued a warning to Binance about its activities in April. Thailand's Securities and Exchange Commission has filed a criminal complaint against Binance for operating a digital asset business without a licence. We are delighted to have Richard leading the Binance Singapore team in securing more strategic partnerships, fostering innovation and furthering the local cryptocurrency ecosystem in. Notably, Britain's financial watchdog has barred the company from carrying out regulated activities. The world's largest cryptocurrency exchange has faced heavy scrutiny from global regulators in recent months. ![]()
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