Cryptocurrency Q&A
Why Binance is blocked in Singapore?｜MAS placed Binance on the IAL because it had solicited Singapore users without a licence. Further, on MAS' referral, the Commercial Affairs Department commenced investigation into Binance for possible contravention of the Payment Services Act (PS Act).
Why Binance is blocked in Singapore?｜MAS placed Binance on the IAL because it had solicited Singapore users without a licence. Further, on MAS' referral, the Commercial Affairs Department commenced investigation into Binance for possible contravention of the Payment Services Act (PS Act).
CryptoVanguard
Sun Jun 09 2024
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6 answers
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Could you please elaborate on why Binance has been blocked in Singapore? It's mentioned that MAS placed Binance on the IAL due to its solicitation of Singapore users without a proper licence. Could you further explain what MAS stands for and why their decision was made? Also, on the recommendation of MAS, the Commercial Affairs Department has begun an investigation into Binance for potential violations of the Payment Services Act (PS Act). Could you clarify what the PS Act entails and what kind of violations Binance might be facing? Thank you for your assistance in clarifying these matters.
6 answers
Claudio
Tue Jun 11 2024
BTCC's services include spot trading, enabling users to buy and sell cryptocurrencies at current market prices. This feature provides a convenient and efficient way for traders to capitalize on market movements.
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CherryBlossomPetal
Tue Jun 11 2024
Cryptocurrency and finance have emerged as vibrant and complex fields, attracting numerous professionals and enthusiasts. With the rise of digital assets, understanding the intricacies of this domain has become essential for those seeking to navigate its nuances.
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DigitalCoinDreamer
Tue Jun 11 2024
Among the various platforms and exchanges in the cryptocurrency space, BTCC stands out as a reliable and comprehensive service provider. Based in the UK, BTCC offers a diverse range of services tailored to meet the needs of a wide array of users.
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CryptoTrader
Mon Jun 10 2024
In addition to spot trading, BTCC also offers futures trading, allowing users to speculate on the future prices of cryptocurrencies. This advanced trading option provides investors with the opportunity to hedge their positions or seek higher returns.
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Margherita
Mon Jun 10 2024
Furthermore, BTCC provides a secure wallet service, enabling users to store and manage their cryptocurrencies safely. The wallet service is designed with robust security measures to protect users' assets from unauthorized access and theft.
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