Binance Faces Examination In Singapore Following The Collapse Of FTX

By Bitcoinist - acum 1 an - Timp de citire: 2 minute
Mar, 22 noiembrie 2022, ora 4:27

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.

Unele autorități de reglementare au deschis investigații cu privire la prăbușirea FTX. Dezvăluirile șocante din jurul operațiunilor platformei prăbușite servesc acum drept motiv pentru mai multe controale de reglementare. În plus, unii supraveghetori și-au extins sonda la alte schimburi cripto care operează în regiunea lor.

Singapore Police Force Investigates Binance

Într-un recent raportează, 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

Potrivit raportului, ancheta se referă la o presupusă încălcare a regulilor privind serviciile de plată locale. Autoritatea Monetară din Singapore a dezvăluit că ancheta a crescut pe măsură ce autoritatea de reglementare financiară a țării a transferat cazul către unitatea criminală a forțelor de poliție. Poliția a declarat că va reține toate comentariile în așteptare până la finalizarea anchetei.

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.

Mai multe investiții ale bursei FTX prăbușite au declarat pierderi masive pe platformă. În timp ce mulți afirmă cantitatea de expunere și posibilitatea de a o anula, unii sunt liniștiți.

Unele firme afectate cu contagiune FTX includ Galaxy Digital, Genesis, Sequoia Capital, BlockFi și Galois Capital. Mai mult, experții Crypto cred că trenul se va lungi.

Sursă originală: Bitcoineste