Binance Faces Examination In Singapore Following The Collapse Of FTX

By Bitcoinist - 1 tau ki muri - Wā Pānui: 2 meneti
Tue, Noema 22, 2022 4:27 PM

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.

Kua whakatuwherahia e etahi o nga kaiwhakahaere nga rangahau mo te hinganga o FTX. Ko nga whakakitenga ohorere e pa ana ki nga mahi o te papaapapa kua hinga inaianei te take mo etahi atu mana whakahaere. I tua atu, kua toro atu etahi o nga kaitutei i a raatau rangahau ki etahi atu whakawhitinga crypto e mahi ana i roto i to raatau rohe.

Singapore Police Force Investigates Binance

I roto i te tata pūrongo, 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

E ai ki te purongo, ko te tirotiro i runga i te whakapae he takahi ture mo nga ratonga utu a rohe. Ko te Mana Whakahaere Moni o Singapore i whakaatu i te kaha o te whakatewhatewha i te wa i nekehia e te kaiwhakahaere putea o te whenua te keehi ki te roopu hara o te Ope Pirihimana. I kii nga pirihimana ka kaiponuhia nga korero katoa e tatari ana kia oti ra ano te whakatewhatewha.

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.

He maha nga umanga kaipakihi o te whakawhiti FTX kua hinga kua kii he nui nga mate i runga i te papa. Ahakoa te nuinga e kii ana i te nui o te whakaaturanga me te kaha ki te tuhi atu, kei te ata noho etahi.

Ko etahi o nga umanga kua pa ki te mate FTX ko te Galaxy Digital, Genesis, Sequoia Capital, BlockFi, me Galois Capital. Ano, e whakapono ana nga tohunga a Crypto ka roa ake te tereina.

Kuputuhi taketake: Bitcoinko