Binance to cease select Singapore services

It will be removing its app from the Singapore iOS and Google Play Store.

Cryptocurrency trading platform, Binance, will cease offering some of its products and services in Singapore after the crypto firm was flagged for possibly violating local regulations.

In an announcement on its website, Binance said that it will be removing its app from the Singapore iOS and Google Play Stores, and will cease offering the Singapore dollar (SGD) trading pairs and SGD payment options services.

Binance P2P will remove SGD trading pairs on 10 September, and advised users to complete all related P2P trades and remove related trade advertisements a day before.

The crypto firm said that it will not operate any official Telegram or online communication channels in Singapore.