Binance is now making changes to his offers in Singapore

The cryptocurrency exchange Binance has changed its offer in different countries and this time focuses on Singapore.

Binance limits his services in Singapore

Binance, the cryptocurrency exchange worldwide according to trade volume, announced today that she is changing her offer in Singapore. This latest development is due to the fact that the stock exchange for digital assets will continue to change its practices to ensure that they meet the regulatory requirements.

in a Blog entry Binance said today that users in Singapore should not access certain functions on the cryptocurrency exchanges. Some of these functions include the purchase of cryptocurrencies via Fiat channels, Fiat deposit services, spot trade with cryptocurrencies and liquid swap.

The stock exchange said that she made this decision after evaluating her offers and services in Singapore. "We will be restricted by Singapore users with regard to the regulated payment services in accordance with our obligation to comply with regulations." Binance.

In addition, the users of Singapore Binance were asked to discontinue all business associated with it by Wednesday, to deduct fiat assets and to redeem token in order to avoid potential trade disputes. Binance intends to build a sustainable ecosystem around blockchain technology and digital assets.

Binance could make changes in other parts of the world

The cryptocurrency exchange has massively changed its way in different parts of the world. In the past few months, Binance has had to stop his derivative trade services in Hong Kong, Europe, Great Britain and other areas.

With the increasing regulatory pressure on Binance and other cryptocurrency exchanges, it will take similar steps in other parts of the world. The stock exchange has hired former supervisory authorities to design their services in such a way that they comply with all regulations prescribed by various governments.

BNB, the natives Coin of the Krypto exchange Binance has increased by more than 2% in the last 24 hours. The rally comes when the wider cryptocurrency market recovered from a recent slump. At the time of writing, the BNB acts at 349 USD per coin.

If the rally stops, the BNB could over 350 USD per. Cooin will increase in the coming hours and days.