singapore attack binance.com | Bitcointalksearch.org

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: sikke on October 15, 2021, 05:52:12 AM

I think that $500/BNB will be breached very soon as a matter of time. It is 3rd coin by market cap for a reason.

Right just 27$ away from breaking 500$ price for Binance so meaning any moment from now this can happen.
also taking back the position from Cardano (as ADA took rank 3 recently) proves that BNB is still one of the most influential and safe currency to invest in this market.
wondering 1k can be headed this year of 2021?

Rabi3

full member

Activity: 1204

Merit: 100

Quote from: Silver80 on September 29, 2021, 08:17:57 PM

Binance.com's time has ended in Singapore they will stop the deposit feature, even though Binance, which is the largest crypto exchange platform in the world based on trading volume, members are given 1 month to withdraw.
This clearly affects BNB

there is no way something this small can affect the price of bnb or Binance's reputation, there is not also a lot of users from Singapore compared to the total of users worldwide, and you said it yourself that it is the largest based on trading volume, and it still is after that too.

Silver80

full member

Activity: 714

Merit: 104

Quote from: sikke on October 15, 2021, 05:52:12 AM

Quote from: Silver80 on September 29, 2021, 08:17:57 PM

Binance.com's time has ended in Singapore they will stop the deposit feature, even though Binance, which is the largest crypto exchange platform in the world based on trading volume, members are given 1 month to withdraw.
This clearly affects BNB
https://www.forbes.com/sites/zinnialee/2021/09/28/binance-to-ban-singapore-users-from-crypto-trading-and-buying-on-its-global-platform/?sh=6d074dd17e17

Yes, the Singapore decision does affect BNB, but I don't think that it does to the degree that you imagine.

Binance coin has a lot more to it than just being a utility token for its CEX. It is also more useful in its application in the BSC which is arguably more important than its CEX going forward in time.

I think that $500/BNB will be breached very soon as a matter of time. It is 3rd coin by market cap for a reason.

there is good news About binance, making them stable again, they are good at maintaining issues and stability, they are working with a football club in Italy (S.S. Lazio).

You can see the discussion below
https://bitcointalksearch.org/topic/m.58169640

sikke

sr. member

Activity: 504

Merit: 250

Quote from: Silver80 on September 29, 2021, 08:17:57 PM

Binance.com's time has ended in Singapore they will stop the deposit feature, even though Binance, which is the largest crypto exchange platform in the world based on trading volume, members are given 1 month to withdraw.
This clearly affects BNB
https://www.forbes.com/sites/zinnialee/2021/09/28/binance-to-ban-singapore-users-from-crypto-trading-and-buying-on-its-global-platform/?sh=6d074dd17e17

Yes, the Singapore decision does affect BNB, but I don't think that it does to the degree that you imagine.

Binance coin has a lot more to it than just being a utility token for its CEX. It is also more useful in its application in the BSC which is arguably more important than its CEX going forward in time.

I think that $500/BNB will be breached very soon as a matter of time. It is 3rd coin by market cap for a reason.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: noormcs5 on October 09, 2021, 04:45:03 AM

Quote from: Silver80 on September 29, 2021, 08:17:57 PM

Binance.com's time has ended in Singapore they will stop the deposit feature, even though Binance, which is the largest crypto exchange platform in the world based on trading volume, members are given 1 month to withdraw.
This clearly affects BNB
https://www.forbes.com/sites/zinnialee/2021/09/28/binance-to-ban-singapore-users-from-crypto-trading-and-buying-on-its-global-platform/?sh=6d074dd17e17

That's does not effect bitcoin or BNB but it will only effect the citizens of Singapore as now they can use the world no. 1 platform to trade on. The binance will continue its business and it does not matter much if one or two country does not allow them to operate in their country. Some day, singapore will regret this decision.

If you will check the full details , it is the other way around mate in which Binance do the action and not Singapore in whos who stop the deposit features.
meaning it is Binance loss if not let this to continue in the future.

Quote from: layoutph on October 03, 2021, 10:37:51 AM

I am a solid fan of BNB since $15usd. This coin a great crypto to hodl on because of the massive amount of crypto running on its blockchain. There are plenty of NFT games running from BNB blockchain. It is a great competitor of ETH because of its low price.

So this means you already earned thousands if not million dollars from Binance since couple years ago.

noormcs5

hero member

Activity: 2814

Merit: 618

Leading Crypto Sports Betting & Casino Platform

Quote from: Silver80 on September 29, 2021, 08:17:57 PM

Binance.com's time has ended in Singapore they will stop the deposit feature, even though Binance, which is the largest crypto exchange platform in the world based on trading volume, members are given 1 month to withdraw.
This clearly affects BNB
https://www.forbes.com/sites/zinnialee/2021/09/28/binance-to-ban-singapore-users-from-crypto-trading-and-buying-on-its-global-platform/?sh=6d074dd17e17

That's does not effect bitcoin or BNB but it will only effect the citizens of Singapore as now they can use the world no. 1 platform to trade on. The binance will continue its business and it does not matter much if one or two country does not allow them to operate in their country. Some day, singapore will regret this decision.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: Reatim on October 05, 2021, 02:47:34 AM

I am not a solid Fan of Binance but i can say 30% of my folio dedicated for this coin alone as i also knew and believe in its future development and assurance .

There should be no favorite coins for a trader, the main thing when choosing should be getting a potential profit. I am not a fan of Doge, but when circumstances arise that indicate an imminent pump, I buy this coin. Therefore, if you are waiting for a profit from BNB, then it would be reasonable to hold it until you receive the planned profit.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: Silver80 on September 29, 2021, 08:17:57 PM

Binance.com's time has ended in Singapore they will stop the deposit feature, even though Binance, which is the largest crypto exchange platform in the world based on trading volume, members are given 1 month to withdraw.
This clearly affects BNB
https://www.forbes.com/sites/zinnialee/2021/09/28/binance-to-ban-singapore-users-from-crypto-trading-and-buying-on-its-global-platform/?sh=6d074dd17e17

How come that the title reflects on your thread and link given? lol itis the other way around Grin

and also it is binance decision and not the country of Singapore .

Quote from: layoutph on October 03, 2021, 10:37:51 AM

I am a solid fan of BNB since $15usd. This coin a great crypto to hodl on because of the massive amount of crypto running on its blockchain. There are plenty of NFT games running from BNB blockchain. It is a great competitor of ETH because of its low price.

Quote from: tvplus006 on October 02, 2021, 03:17:29 PM

The value of the BNB exchange coin has recently depended not only on the success of the exchange itself, but also on the success of the BSC network. And since Binance Smart Chain does not experience any problems, Singapore decision cannot negatively affect the value of the BNB coin.

I am not a solid Fan of Binance but i can say 30% of my folio dedicated for this coin alone as i also knew and believe in its future development and assurance .

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Quote from: TheGreatPython on October 04, 2021, 02:48:06 PM

Quote from: Silver80 on September 29, 2021, 08:17:57 PM

Binance.com's time has ended in Singapore they will stop the deposit feature, even though Binance, which is the largest crypto exchange platform in the world based on trading volume, members are given 1 month to withdraw.
This clearly affects BNB
https://www.forbes.com/sites/zinnialee/2021/09/28/binance-to-ban-singapore-users-from-crypto-trading-and-buying-on-its-global-platform/?sh=6d074dd17e17

I just can’t understand what has been happening to binance.com as of recently. Almost in every country they have office they have been banned from operating in those countries, and I’m yet to understand the reason why all these countries have been banning them. They were banned in the UK, and there are also other countries that I can’t really remember that also banned binance.com, so what is the problem?

Is it because of the way they work? Or is it that all these countries are seeing them as a threat to their security? Whatever the problem is, I think it’s time they look for a way to settle it. Seriously, they can’t continue like this. If they should continue this way then it’s going to make some people to start suspecting them.

If only read the news headlines that are included, it is understandable that it will make readers think that Binance is banned or Binance is banning users from Singapore, but what actually happens is that they are required to comply with the rules issued by the Singaporean monetary authority, and isn't this normal? when there are businesses operating in a country they must comply with all the rules that exist in that country.

The thread title is even more bombastic Wink

, why should Singapore attack Binance?, when they themselves are crypto friendly countries

TheGreatPython

sr. member

Activity: 2660

Merit: 339

Quote from: Silver80 on September 29, 2021, 08:17:57 PM

Binance.com's time has ended in Singapore they will stop the deposit feature, even though Binance, which is the largest crypto exchange platform in the world based on trading volume, members are given 1 month to withdraw.
This clearly affects BNB
https://www.forbes.com/sites/zinnialee/2021/09/28/binance-to-ban-singapore-users-from-crypto-trading-and-buying-on-its-global-platform/?sh=6d074dd17e17

I just can’t understand what has been happening to binance.com as of recently. Almost in every country they have office they have been banned from operating in those countries, and I’m yet to understand the reason why all these countries have been banning them. They were banned in the UK, and there are also other countries that I can’t really remember that also banned binance.com, so what is the problem?

Is it because of the way they work? Or is it that all these countries are seeing them as a threat to their security? Whatever the problem is, I think it’s time they look for a way to settle it. Seriously, they can’t continue like this. If they should continue this way then it’s going to make some people to start suspecting them.

layoutph

sr. member

Activity: 1372

Merit: 255

I am a solid fan of BNB since $15usd. This coin a great crypto to hodl on because of the massive amount of crypto running on its blockchain. There are plenty of NFT games running from BNB blockchain. It is a great competitor of ETH because of its low price.

Quote from: tvplus006 on October 02, 2021, 03:17:29 PM

The value of the BNB exchange coin has recently depended not only on the success of the exchange itself, but also on the success of the BSC network. And since Binance Smart Chain does not experience any problems, Singapore decision cannot negatively affect the value of the BNB coin.

Silver80

full member

Activity: 714

Merit: 104

Quote from: WalkerIVIV on October 01, 2021, 07:02:14 PM

The title was making me feel confuse whether there was another ban again from the regulators but it seems like OP was misstyping it. Binance was making its service to be fully compliant with regulation. It was doing a temporary ban for the singaporean as the service will be fully migrated into the new site that will be dedicated to provide service for singapore citizens. Singapore was not reaslly strict but binance didn't wanna to take the risk by not comply with the regulation.

Singapore never say if they were attacking binance but your title made so many people feel confuse. I hope that the migration for binance sg will be completed as soon as possible and we will see the binance service will be available again there. It seems like any strict countries must br provided alternative site like binance sg and us.

I'm embarrassed to see people who dispute the title with the lack of the word "figurative" which means don't interpret what it looks like, if we talk about binance we should observe the results within the existing grace period, if you look at the development of the price is still increasing in recent days but things it has not yet reached the deadline that has been agreed with Singapore. read in https://bitcointalksearch.org/topic/m.58065284

lousie9

sr. member

Activity: 1680

Merit: 263

the title and content of the article given is clearly very different because binance only complies with local regulations of singapore to stop local users from making fiat deposits in its global market but local binance singapore will continue to operate with all policies given by the singapore government and it seems that also applies in some countries and binance is also doing very well by continuing to work closely with governments around the world in compliance with existing regulations.

so98nn

hero member

Activity: 2114

Merit: 603

Oh that’s bad for Singapore guys. The greatest exchange is going out of country is not good sign for the big traders, investors and also peeps who were newbies and ready to start with the crypto. What a pity thing for the country like Singapore which is practically good one for the information technology and digital media. Not sure why they have imposed so many hard regulations on the crypto side? If it was illegal then I’m not sure how those Singaporean gonna sell out their coins now and who will buy if they required to choose p2p option. I guess that won’t be available either if they have so hard complainces.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

The value of the BNB exchange coin has recently depended not only on the success of the exchange itself, but also on the success of the BSC network. And since Binance Smart Chain does not experience any problems, Singapore decision cannot negatively affect the value of the BNB coin.

darahjuang

member

Activity: 252

Merit: 10

Quote from: Silver80 on September 29, 2021, 08:17:57 PM

Binance.com's time has ended in Singapore they will stop the deposit feature, even though Binance, which is the largest crypto exchange platform in the world based on trading volume, members are given 1 month to withdraw.
This clearly affects BNB
https://www.forbes.com/sites/zinnialee/2021/09/28/binance-to-ban-singapore-users-from-crypto-trading-and-buying-on-its-global-platform/?sh=6d074dd17e17

This does not mean that this restriction will make BNB class coins fall. Binance knows that every country has rules and Binance has proven that BNB complies with every rule in each country in the world. As of today, the transaction and demand for BNB coins continues to increase and it can be seen on the Binance exchange.

livingfree

hero member

Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: HardCore12V on October 02, 2021, 02:26:10 AM

This isn't a serious problem for binance, if any country don't want binance exchange supports for their people anymore it's no issue, binance will keep supporting other countries, I don't see any reason why Singapore hates binance if their government believes that people are using binance to embezzling funds they should just co-op with binance after all it's a centralised exchange and the law have power over all CEX

It's not about hate but halt their operations because there's a new policy that binance has made. And you're right that any government, not just Singapore can work with Binance to solve the issues that they can face with their people.

But about the real thing about it, I'll paste the reason that I've posted earlier.

Quote from: livingfree on September 30, 2021, 06:46:48 AM

The actual about Binance to Singapore halting their operations for users there.

https://www.binance.com/en/support/announcement/34c6c158d03a4877a4e13cf0927468bc

But just like the US, they are launching binance.sg.

Quote from: https://www.binance.com/en/support/announcement/34c6c158d03a4877a4e13cf0927468bc

Users in Singapore may use Binance.sg for trading pairs for Bitcoin (BTC), Ethereum (ETH) and BNB currently and may expect more product releases in future. Binance.sg also provides SGD deposit and withdrawal functionality.]

HardCore12V

member

Activity: 223

Merit: 13

This isn't a serious problem for binance, if any country don't want binance exchange supports for their people anymore it's no issue, binance will keep supporting other countries, I don't see any reason why Singapore hates binance if their government believes that people are using binance to embezzling funds they should just co-op with binance after all it's a centralised exchange and the law have power over all CEX

WalkerIVIV

hero member

Activity: 2436

Merit: 503

Cryptocasino.com

The title was making me feel confuse whether there was another ban again from the regulators but it seems like OP was misstyping it. Binance was making its service to be fully compliant with regulation. It was doing a temporary ban for the singaporean as the service will be fully migrated into the new site that will be dedicated to provide service for singapore citizens. Singapore was not reaslly strict but binance didn't wanna to take the risk by not comply with the regulation.

Singapore never say if they were attacking binance but your title made so many people feel confuse. I hope that the migration for binance sg will be completed as soon as possible and we will see the binance service will be available again there. It seems like any strict countries must br provided alternative site like binance sg and us.

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: Silver80 on September 29, 2021, 08:17:57 PM

Binance.com's time has ended in Singapore they will stop the deposit feature, even though Binance, which is the largest crypto exchange platform in the world based on trading volume, members are given 1 month to withdraw.
This clearly affects BNB
https://www.forbes.com/sites/zinnialee/2021/09/28/binance-to-ban-singapore-users-from-crypto-trading-and-buying-on-its-global-platform/?sh=6d074dd17e17

Regulations problems. I'm not seeing a closure but instead, there are things that needed to be fixed. Binance already complies with any country's regulations. It won't be hard for them to face the new terms in Singapore.

There's no literal and direct attack on Singapore against Binance. It applies to all crypto-related platforms there.

Topic: singapore attack binance.com (Read 364 times)