Binance, the world’s highest-volume cryptocurrency exchange, is preparing to return to the Singapore market this time as an asset custodian.
Binance has launched cryptocurrencies in Singapore, a regional agency reported on March 2. custodian aspect operating license to Singapore regulators to get plans to apply.
According to the information given, the stock market has recently Ceffu the name of the asset custodian, which it rebranded as the insurance policy that Binance creates for its users. to SAFU a made from the reference taking. Ceffu’s custody services only to institutional investors And to qualified individual investors will be presented.
Ceffu official Jarek Jakubcek, Singapore’s innovation, corporate governance And regulation in the field of international nominal taking into account institutional investors of interest it’s not surprising expressed.
Binance December of 2021 from Singapore in ground and its application for the Digital Payments Token license. had canceled. In its statement on the subject, the stock market already in Singapore regulated in a stock market that you have investments and a second license application unnecessary had stated.