By Bitcoinist - 1 year ago - Reading Time: 2 minutes
Binance Faces Examination In Singapore Following The Collapse Of FTX
The collapse of FTX crypto exchange is brewing several reactions both within and outside the crypto industry, such as the recent probe on Binance. First, from the sudden meltdown of the firm, an insolvency contagion erupted among several exchange investors. Now, more bankrupt companies increased.
Gen kèk regilatè ki te louvri envestigasyon sou efondreman FTX. Revelasyon chokan ki antoure operasyon platfòm ki tonbe a ap sèvi kounye a kòm rezon pou plis kontwòl regilasyon. Anplis de sa, kèk gadyen te pwolonje sond yo nan lòt echanj kript k ap opere nan rejyon yo.
Singapore Police Force Investigates Binance
Nan yon resan rapòte, the world’s largest crypto exchange Binance is facing a new probe in Singapore. The financial crime investigation unit of the Singapore Police Force handles the investigation.
Before, some people expressed doubts regarding the treatment Binance received in Singapore. They believe the country offers preferential treatment to Binance compared to FTX.
The collapse of FTX started with a drama with Binance. The latter announced its decision to liquidate all its holdings of FTX Token (FTT). Following its announcement, FTT started plummeting and has never recovered since then.
Binance Probe Linked To A Breach Of Rules On Local Payment Services
Dapre rapò a, ankèt la sou yon swadizan vyolasyon règleman sou sèvis peman lokal yo. Otorite Monetè Singapore te revele ke envestigasyon an te monte kòm regilatè finansye peyi a te deplase ka a nan inite krim nan Fòs Lapolis la. Lapolis te deklare ke yo ta kenbe tout kòmantè annatant jiskaske yo fini ankèt la.
This probe from the Singapore police is compounding the struggles for Binance as the exchange is also under investigation in the US. The latter is trying to ascertain if Binance broke some securities rules in the country.
Last year, the exchange’s Singapore affiliate withdrew its application to operate as a crypto exchange. This was some months after Binance made it a part of the alert list of the MAS.
While commenting through an email, a Binance spokesperson confirmed strict compliance of the exchange to Singaporean laws. Also, the spokesperson noted that the exchange would not comment on the probe due to its confidential roles.
Plizyè antrepriz envestisè nan echanj FTX ki te tonbe te deklare pèt masiv sou platfòm la. Pandan ke anpil deklare kantite ekspoze ak posibilite pou ekri li, gen kèk ki trankil.
Mache Crypto monte sou tablo a | Sous: Crypto Total Market Cap sou TradingView.comGen kèk konpayi ki afekte ak kontajyon FTX yo enkli Galaxy Digital, Genesis, Sequoia Capital, BlockFi, ak Galois Capital. Anplis, ekspè Crypto kwè ke tren an ap vin pi long.
Anons Spesyal imaj ki soti nan Pixabay, tablo soti nan TradingView.comSous orijinal: Bitcoinse