Binance has been actively monitoring the regulatory developments in Singapore and we are issuing the following statement to ensure our commitment to local compliance:
“Binance.com is a platform providing various products and services to global customers.
The Monetary Authority of Singapore (MAS) has placed www.binance.com (Binance.com) on its Investor Alert List to inform the public that the platform Binance.com is neither licensed nor authorized by the MAS to provide payment services to Singapore residents under the Payment Services Act.
Binance.com is separate from Binance Asia Services Pte. Ltd. (Binance Singapore) which is currently exempted from holding a license under the Payment Services Act. Please note that by trading on Binance.com, you understand the risk that the assets you have with Binance.com are not protected or supervised by the MAS."