Binance Bitcoin logo displayed on an Android phone. (Photo Illustration by Avishek Das/SOPA … [+]
SOPA Images/LightRocket via Getty Images
Binance—controlled by billionaire Changpeng Zhao—said it will discontinue offering some of its services in Singapore after regulators announced last week that the world’s largest cryptocurrency exchange may be breaching rules in the city-state.
“Binance constantly evaluates its product and service offerings to remain compliant with local regulations,” Binance said Sunday in a statement on its website.
The company said it will cease offering Singapore dollar trading pairs and payment options from Friday and the app for these products will be removed from the Apple and Google Play stores. “Users are advised to complete all related peer-to-peer trades and remove related trade advertisements by Thursday, to avoid potential trading disputes,” it said.
Binance said…