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Topic: singapore attack binance.com - page 3. (Read 325 times)

member
Activity: 1540
Merit: 22
September 30, 2021, 02:16:23 AM
#12
If I'm not mistaken CZ is the best graduate of the National University of Singapore 2015. The National University of Singapore is ranked 11th in the world, meaning he is very familiar with Singapore. I believe CZ is a person who can collaborate and adapt to the environment. meaning that the applicable terms and conditions set by the Monetary Authority of Singapore will be strictly adhered to and respected.

Regarding the news above, my view is that Binance itself with its BNB Konya will be safe and not too influential and also Binance is one of the largest exchanges in the world and has many users and is fundamentalist.
legendary
Activity: 2030
Merit: 1643
Verified Bitcoin Hodler
September 30, 2021, 02:08:40 AM
#11
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


Wait so they ended in the deposit feature in Singapore but what about the withdrawal? I think people can still withdraw their cryptocurrency without much problems to their own wallets, unless I am mistaken? And anyway, as far as I know Singapore is more or less a tax haven so I would think that they aren't all that serious about future or present regulations regarding Binance...
member
Activity: 518
Merit: 45
September 30, 2021, 12:34:36 AM
#10
Ops did you just choose this title to get people's attention to this thread, you may have to change the title of the thread to represent the real content of the message.
Singapore as a country has every right to place regulation on any exchange within its region so I don't see this as an attack but a policy that will binance exchange going forward.
hero member
Activity: 2772
Merit: 524
Leading Crypto Sports Betting & Casino Platform
September 30, 2021, 12:15:43 AM
#9
No ETA for how long the ban will happen but it seems like that if this could be forever. This is a big surprise for anyone. The pressure that was given by china was also giving impact to the exchange site that was giving its service to the country that has almost the same culture like china. Singapore was not attacking binance.com and im not sure whether binance with sg domain will be shutdown or not. If binance will be terminated its service on SG and its sg domain will be shutdown too.

This will be affecting the price movement of bnb but it will not be so big as so many people can still use alternative ways to trade BNB or another smartchain token through the swap service.The impact was not so big but this is enough to make people feel worry if there will be upcoming country that will be prohibited by binance to use its service again.

full member
Activity: 1316
Merit: 105
September 29, 2021, 11:58:25 PM
#8
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
You worry too much. Looks like you didn't read the article you shared carefully, or maybe you haven't finished reading it yet. This problem is temporary, until regulatory issues are resolved everything will return to normal.
This news doesn't have much impact on BNB, you can see today BNB is growing Green again. I hope you don't sell your BNB after hearing this news.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
September 29, 2021, 11:52:03 PM
#7
Whether it's the other way around or not, it's still going to be related to the regulation of the Monetary Authority of Singapore. Binance wouldn't be limiting their users to whoever or whichever country you are from unless the authorities from such country will force them to abide by their laws. And then of course CZ as a legitimate businessman wants to make the operation legal.

But I'm sure this will make the Singaporeans stay on https://www.binance.sg/en

hero member
Activity: 2016
Merit: 555
September 29, 2021, 11:39:11 PM
#6
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
Are you sure it affects BNB? I don't think so, the news was from a few days ago and look at today's BNB experiencing a fairly large increase.
Btw, isn't Binance's office in Singapore, so what if their service is stopped there?
full member
Activity: 783
Merit: 108
September 29, 2021, 11:31:28 PM
#5
Content and title are causing great misunderstanding for readers.
I have been following news about Binance banning Singaporean users from trading and buying cryptocurrencies on its global platform.
Overall, I personally think it's not a serious problem in the market and the announcement has been issued by Binance before.
full member
Activity: 862
Merit: 100
September 29, 2021, 11:08:27 PM
#4
I see that there are more and more countries where binance stops offering its services. When there were some countries (UK, Belarus) it was not very dangerous, but now Binance stops working in China and Singapore, so big countries face it, what can be destructive for Binance, so I had better follow recent news about it and make conclusions. I have doubt even about Binance Smart Chain.
hero member
Activity: 1302
Merit: 522
September 29, 2021, 10:33:34 PM
#3
The title is misleading, I don't know if you read the article you posted or not.

Binance has to comply with Singapore's regulatory board, that's why they have to stop and accept any deposits from Singaporean. There is no Singapore attacks Binance.com, on the contrary, Binance is trying it's best to follow every countries crypto framework and that includes Singapore's Monetary Authority of Singapore.

Binance is just trying to have a good reputation because I think it has something to do with their IPO that they might pull in the future.
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
September 29, 2021, 10:26:08 PM
#2
Your title must be changed, i have been reading this news and it seems like binance was trying to consider again to provide a service for the singaporean due to the regulation compliance. Binance was also stating that if binance has found a good reason to accept singaporean again and it will be opening its service in singapore. I guess this is just a temporary ban. Singapore was not attacking binance but binance doesn't wanna take a big risk by no compliant with the regulation in singapore as crypto can be considered as speculative asset. We know that singapore was a crypto friendly country but the exchange site needs to comply with regulation on singapore to be able to run its service on singapore territory. Your title was making the readers became misleading about what happened with binance. I hope that binance will find a solution for this soon.
full member
Activity: 714
Merit: 104
September 29, 2021, 09:17:57 PM
#1
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
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