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Topic: singapore attack binance.com (Read 365 times)

sr. member
Activity: 2618
Merit: 439
October 18, 2021, 02:41:57 AM
#52


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?
full member
Activity: 1204
Merit: 100
October 17, 2021, 05:28:38 PM
#51
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.
full member
Activity: 728
Merit: 104
October 15, 2021, 07:57:26 PM
#50
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
sr. member
Activity: 504
Merit: 250
October 15, 2021, 05:52:12 AM
#49
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.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
October 12, 2021, 11:26:45 PM
#48
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.
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.
hero member
Activity: 2856
Merit: 618
Leading Crypto Sports Betting & Casino Platform
October 09, 2021, 04:45:03 AM
#47
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.
legendary
Activity: 2268
Merit: 1655
To the Moon
October 05, 2021, 08:14:48 AM
#46
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.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
October 05, 2021, 02:47:34 AM
#45
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 .
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.

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 .
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
October 05, 2021, 12:37:04 AM
#44
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
sr. member
Activity: 2660
Merit: 339
October 04, 2021, 02:48:06 PM
#43
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.
sr. member
Activity: 1372
Merit: 255
October 03, 2021, 10:37:51 AM
#42
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.

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.
full member
Activity: 728
Merit: 104
October 02, 2021, 06:28:48 PM
#41
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
sr. member
Activity: 1680
Merit: 263
October 02, 2021, 05:46:41 PM
#40
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.
hero member
Activity: 2114
Merit: 603
October 02, 2021, 03:22:34 PM
#39
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.
legendary
Activity: 2268
Merit: 1655
To the Moon
October 02, 2021, 03:17:29 PM
#38
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.
member
Activity: 252
Merit: 10
October 02, 2021, 01:17:10 PM
#37
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.
hero member
Activity: 2996
Merit: 580
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October 02, 2021, 08:56:44 AM
#36
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.


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.

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.]
member
Activity: 223
Merit: 13
October 02, 2021, 02:26:10 AM
#35
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
hero member
Activity: 2436
Merit: 503
Cryptocasino.com
October 01, 2021, 07:02:14 PM
#34
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.
legendary
Activity: 2940
Merit: 1083
October 01, 2021, 06:18:12 PM
#33
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.
hero member
Activity: 2156
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October 01, 2021, 06:09:29 PM
#32
Actually, Binance has its solutions, besides withdrawing their assets given in one month, Binance also suggests the citizens use Binance.sg.
It is not about an attack from the Singapore government, due to the changing policy and also in order to respect the Regulated Payments Services in that country, Binance has done some evaluations about that and toke the solution.
Quote
Users in Singapore can register for an account on Binance.sg, which is operating under the relevant exemption granted by the MAS.
Source: https://www.binance.com/en/support/announcement/34c6c158d03a4877a4e13cf0927468bc
Other source related to this change: https://www.binance.com/en/support/announcement/a38b8ee33ba847f9b91562b8709fe539

I am not sure that this will influence enough the price of BNB. They can still trade but using the platform of Binance.sg and so far, there is no significant impact on the price of BNB because of that change.

full member
Activity: 1008
Merit: 104
October 01, 2021, 02:39:08 PM
#31
Even though Singapore was predicted to be a cryptocurrency-friendly country and their support for planning as a country that legalized cryptocurrencies. But since I don't really follow news developments in the country, I'm still quite clueless about some of the news that Binance Exchange has recently received.
legendary
Activity: 2282
Merit: 1023
October 01, 2021, 02:09:42 PM
#30
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
This is not surprising as majority of the countries have taken the stance against Binance. If a government ask Binance to be transparent they always run away from that country and ask the people to withdraw their coins because they cannot further conduct business with them and if they keep running like that what would happen to them, they will keep running until they allow a few countries who will be deemed as safe heavens.
sr. member
Activity: 1344
Merit: 270
October 01, 2021, 01:58:14 PM
#29
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
Not any effect and United State give new announcement with never banned anymore cryptocurrency again, most effective with United State announcement than Singapore want to attack Binance exchange. The member from Binance exchange not only from Singapore but around the world and many people still use this exchange platform for trading and investing.
member
Activity: 759
Merit: 15
October 01, 2021, 01:40:00 PM
#28
I do not believe that binance will give up so easily to a market as rich and large as Singapore but i believe that it will try to adapt to the guidelines imposed by the government of Singapore to ensure that it can continue to allow users of this country to continue to enjoy all the services of the exchange
sr. member
Activity: 1372
Merit: 255
October 01, 2021, 10:55:45 AM
#27
This is so bad for singaporeans. Singapore is a small nation but plenty of crypto-oriented individuals. I wish they will remove the mas banning of crypto deposits from that country.

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
sr. member
Activity: 2520
Merit: 280
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September 30, 2021, 11:55:04 PM
#26

Exactly this is how actually the ban works but still people get offends and starts selling their assets which affect the price and get collapsed for a while.

By the way, the centralization is going to be increased with all such regulations so make sure everyone is entering into banking system like structure or else you still have p2p and DEXs.
legendary
Activity: 2030
Merit: 1189
September 30, 2021, 01:50:28 PM
#25
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.
It seems that for now at least whether this is a temporary ban or not is still unclear.

Binance for sure would want to operate in as many countries as possible but ultimately it is up to each county's regulation on crypto. Given the circumstance this stands with the Singaporian government rather than Binance itself.

However, one would like to remain optimistic about the future of crypto regulation not just in a few countries but globally, and so only time will tell, though I have the feeling it will just end up something like this



full member
Activity: 728
Merit: 104
September 30, 2021, 01:19:31 PM
#24
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?

yea, there will be a big sale from singaporeans, or there will be a large scale move, in the near future it will run for 1 month until they close the platform in october.


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.


what you say is true, but we don't know when they will immediately follow the regulations, it's not just about 1-2 days.  It's been reported that Binance has been pumping for the past few days to maintain their stability over the next month, which will be difficult for them.
full member
Activity: 728
Merit: 104
September 30, 2021, 01:07:17 PM
#23
Your title must be changed,
The title is misleading,
The title misleads me
Do not judge a book by its cover
Content and title are causing great misunderstanding for readers.

Even you call yourself "robattfield" but still mean attack in the real sense, don't turn there,looks like we have a lot to learn "inappropriate words/figuratively."
Attacks can be regulations or rules, binance is attacked by regulations made by the monetary board in Singapore, so they have to stop operations within a month and can only make withdrawals cannot deposit and trade, after they make repairs according to their monetary board's request,  This resulted in the result having to be pulled in the local Google Play Store and iOS Store, they gave the opportunity until October 26 to withdraw.
This enforcement is global by Binance company but not for local Binance.
they will return but who knows when, as long as it is not adjusted to the existing regulations, they will stop operating.


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...


maybe my answer answers your curiosity a little.

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.

there's nothing interesting if you don't read it and go through it.
I find it interesting to talk about the future of BNB over this incident.
member
Activity: 574
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Gistcoin
September 30, 2021, 08:55:38 AM
#22
according to an article I read that a MAS Spokesperson said the ban was likely because Binance, the operator of Binance.com violated the Payment Services Act for providing services without a compliant license. Binance did not apply for a license according to applicable regulations
obviously greatly affects the price of BNB because Binance is the largest cryptocurrency exchange platform in terms of volume. Binance has come under pressure from regulators around the world for fear of crypto being used in money laundering practices and the high risks faced by consumers.
sr. member
Activity: 1722
Merit: 269
September 30, 2021, 08:35:59 AM
#21
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

Singapore is a huge financial market that also has a lot of wealthy people that are potential investors into crypto but in the end singapore only has about 5,5 million citizens so i would say that the impact of this news will probably not be that big if you compare this to the news that china basically declared crypto as a whole as illegal and even then the prices only went down around 10-20%. Looking at the BNB price right now i would say that this news had no effect at all at the price as BNB is even in the profit zone today. I am pretty sure this news will be forgotten pretty soon and everything will go on as usual.
sr. member
Activity: 2520
Merit: 280
Hire Bitcointalk Camp. Manager @ r7promotions.com
September 30, 2021, 08:18:15 AM
#20
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
Binance already changed their non KYC policy so I am sure that they are getting ready to accept the guidelines of countries so they can offer service and make more and more money. Many people already stated that this is just a temporary ban and its possibly they may reopen their service before that buffer time ends.
sr. member
Activity: 1778
Merit: 294
September 30, 2021, 07:59:15 AM
#19
It looks like you haven't read the content carefully, mate. It says in short that Binance is ready for complying with Singapore regulatory body. They are going to do what they want to be able to continue working in the country and provide a better service to their people also. Binance wouldn't run the risk of being against their regulations. In case Singapore demands Binance to end its activities, it would be bad for Binance.
full member
Activity: 1820
Merit: 107
September 30, 2021, 07:48:55 AM
#18
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.

I agree with that observation, mate, it was a misleading title because the Singapore authorities didn't attack Binance to discredit it, but only just imposing the regulatory requirements on the crypto exchange that's why they are temporarily ceasing its operation and give its users an ample time to withdraw their balances, and also Binance says that they are ready to comply with the requirements if necessary so IMO, Binance service will restore sooner or later.
hero member
Activity: 3024
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Leading Crypto Sports Betting & Casino Platform
September 30, 2021, 07:32:44 AM
#17
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

Not only affects BNB but Singaporeans who are trading Cryptocurrency and using Binance as their main trading platform, Binance is trying it;s best to be compliant with every country they are working on monetary board

Quote
Binance has taken a series of measures in an effort to comply to an evolving patchwork of regulations in different markets. The firm has been winding down its product offerings, stepping up customer verification procedures and expanding its team with staff who have regulatory compliance experience

These countries should understand that Cryptocurrency is here to stay and Binance is one of the major movers of the industry they should give the company a chance to prove itselves.
hero member
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September 30, 2021, 06:46:48 AM
#16
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.

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.]
full member
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September 30, 2021, 06:40:17 AM
#15
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?
Binance is a worldwide exchange and they can find office all over the world so i think there is no issue if their base is in singapore or now.
The title misleads me that Singapore launched new regulations to restrict users on Binance exchange. When I read the title of article, it is different. It is newly updated rule from Binance to restrict users from Singapore.

I think the global trend will be KYC, not only on Binance but also on all centralized exchanges. If you want to avoid it, use decentralized exchanges such as https://bisq.network/
Yes it seems to be rotate and "Binance Attack Singapore"  Grin but of course this will find effect i crypto and i believe it is a good thing , Look at the market now, it is growth .
legendary
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September 30, 2021, 06:17:32 AM
#14
...This clearly affects BNB

Binance promptly responds to all claims that are made about compliance with legislation in various countries of the world. This does not mean that Binance will simply stop providing cryptocurrency trading services in any country, they will simply make a re-order in their work and come back again. As for the BNB exchange coin, we see that the price of the coin has increased despite these restrictions.
hero member
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September 30, 2021, 05:32:13 AM
#13
The title misleads me that Singapore launched new regulations to restrict users on Binance exchange. When I read the title of article, it is different. It is newly updated rule from Binance to restrict users from Singapore.

I think the global trend will be KYC, not only on Binance but also on all centralized exchanges. If you want to avoid it, use decentralized exchanges such as https://bisq.network/
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September 30, 2021, 01:16:23 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
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September 30, 2021, 01:08:40 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...
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September 29, 2021, 11:34:36 PM
#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.
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September 29, 2021, 11:15:43 PM
#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
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September 29, 2021, 10:58:25 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
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September 29, 2021, 10:52:03 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
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September 29, 2021, 10:39:11 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
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September 29, 2021, 10:31:28 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
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September 29, 2021, 10:08:27 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
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September 29, 2021, 09:33:34 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
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September 29, 2021, 09:26:08 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.
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September 29, 2021, 08:17:57 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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