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Ban Doesn’t Deter Singapore Crypto Investors: Straits Times

Some investors have chosen to keep their crypto assets within platform despite central bank’s regulatory order

Changpeng Zhao, CEO of Binance, speaks at a blockchain and digital innovation event in Malta in 2018. Reuters file photo.

Binance.com users in Singapore will no longer be able to access their monetary deposits or purchase any cryptocurrency on the global platform, the Straits Times reported on Tuesday.

The move came as a deadline for them to withdraw their holdings passed. However, the attempt to ban Singapore users from cryptocurrency trading has not put off hardcore investors, the paper said.

Unlike many users who had rushed to move their fiat and crypto assets to other platforms after a regulatory order from the Monetary Authority of Singapore, some investors have chosen to keep their crypto assets with Binance.

Read the full story: Straits Times


George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.


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