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Monetary Authority of Singapore (MAS) monitors Binance

Singapore's financial regulator, the Monetary Authority of Singapore (MAS), said it will monitor Binance Holdings Ltd. in accordance with financial requirements, a similar statement came after the Cayman Islands Financial Regulator (CIMA) initiated an investigation into Binance and its company Binance Holdings Ltd.


"We are aware of the actions taken by other regulators against Binance and will take appropriate action," the agency said.


Binance Asia Services Pte. has a grace period during which it can operate in Singapore while the Monetary Authority of Singapore (MAS) of Singapore reviews its application for a license to provide digital payment token services, a position the Singapore financial regulator has. A number of other companies are undergoing similar evaluations and may continue to operate in the meantime, a MAS representative said.

MAS said it applies "robust standards" to the application process while it ponders various factors, including applicants' ability to implement anti-money laundering measures, Bloomberg reported. The regulator also evaluates applicants for compliance and compliance with shareholder and key designated holder requirements.

Binance employees, out of habit, responded as follows (they can't be silent when there's news from regulators around the world almost every day):

"It is important to note that we take a collaborative approach with regulators and take our compliance obligations very seriously," Binance said in an email. "We are actively monitoring policy, rule and law changes in this new space."

In response, the exchange said Binance Asia Services is a separate legal entity and does not offer any products or services on Binance.com or through Binance Markets Ltd. The Singapore-based company is backed by Vertex Ventures Holdings and is developing the local blockchain industry as well as serving its members, it stressed.

Let us recall that in the last week, claims against Binance were made by the financial regulator in Japan, banned in the UK, refusal to cooperate with Faster Payments and iDEAL, the Cayman Islands financial regulator (CIMA) began an investigation, the Securities and Exchange Commission of Thailand (SEC) has filed a criminal complaint, in Australia Binance is trying to manipulate the financial regulator and cheat users (preparing a claim from 800 people). шаблоны для dle 11.2
02.07 19:36