Binance is looking to make a re-entry in Singapore via its custody partner, Ceffu, nearly two years after withdrawing its license.
Amid various reports about Binance trying to revive its crypto licensing plans in Singapore, the crypto exchange has come out to set the record straight. Binance told Cointelegraph that Ceffu, its"independent institutional custody partner," is the one looking to apply for an institutional crypto custody license when Singapore’s central bank opens up applications.
The Monetary Authority of Singapore is expected to open up the crypto custody licenses for institutions after relevant amendments to their Payment Services Act. Cointelegraph reached out to Ceffu to get their insights on the Singaporean crypto market and their upcoming plans of offering crypto custody services to institutional clients.Athena Yu, vice president of Ceffu, told Cointelegraph that Singapore has a reputation for innovation, good corporate governance and a strong regulatory framework.
“Ceffu launched its Singapore business specifically to provide custody services to institutional investors. Once the relevant amendments to the Payment Services Act go live and the application for a custody license opens, Ceffu will make its official application with the MAS."in Nekki, the world's leading cryptocurrency exchange recently rebranded its custodial arm to"Ceffu", which launched its institutional custody services in Singapore in November.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
How and Why Assets Move Between Binance Wallets | Binance BlogWe welcome scrutiny – it makes us and the industry stronger. But not having the full picture of how our processes work is leading some reporters to incorrect conclusions. Our response here is designed to engage and educate both users and the media as best we can.
Lire la suite »
Binance CEO responds to Forbes claims: ‘They don’t know how an exchange works’In the aftermath of the FTX collapse, Forbes published an article focused on the recent 'shuffling' of funds by the cryptocurrency exchange Binance. Binance co-founder and CEO Changpeng Zhao took to Twitter to tackle the FUD.
Lire la suite »
First Mover Americas: Liquity's Token Leaps on Binance ListingStablecoin lender LiquityProtocol's token soars 35% on binance listing and gamiumcorp's token rallies on deal with Meta. LedesmaLyllah reports.
Lire la suite »
TrueFi (TRU) up 64%, Here's Why and What Binance Had to Do With ItTrueFi $TRU soars 64% after $TUSD becomes market's fifth biggest stablecoin truefi tru trueusd stablecoin binance busd binancenews bnb
Lire la suite »
Binance Coin (BNB) Price Analysis for February 28Can the rate of BNB fix above the $300 mark by the end of the month? Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX BinanceResearch BinanceAngels
Lire la suite »