USA finance

Binance faces fresh Singapore warning as CEO eyes up US listing


  • Fintech

Binance has yet to be licensed to operate in Singapore, extending its global battle with regulators

Changpeng Zhao, chief executive of Binance, hopes the business can list its shares in the same way that Coinbase debuted on Wall Street earlier this year Bloomberg via Getty Images

Thursday September 2, 2021 9:03 am

Binance has been hit with an investor alert by Singapore’s financial regulator and listed among entities that are unregulated by the body, but which may be wrongly perceived as licensed or regulated.

No further details were provided in the 2 September notice from the Monetary Authority of Singapore.

The latest regulatory action adds to the…

Source: https://www.fnlondon.com/articles/binance-faces-fresh-singapore-warning-as-ceo-eyes-up-us-listing-20210902

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