Monday 27 September 2021

More restrictions for users | Users advised to cease all related trades, withdraw fiat assets and redeem tokens

Previously, ceased the offerings of SGD trading pairs and SGD payment options. They also removed the Binance App from Singapore's iOs and Google Play store. P2P offerings was also ceased which was one of the functions I miss dearly.

Today, announced more cessation of services as they following compliance to the
Regulated Payments Services. 

"With effect from 2021-10-26 04:00 AM UTC (12:00 PM UTC+8), users in Singapore will not be able to access certain functions on including fiat deposit services, spot trading of cryptocurrencies, the purchase of cryptocurrencies through fiat channels and liquid swap - Taken from"

This means that users in Singapore are advised to cease all related trades, withdraw fiat assets and redeem tokens by Wednesday, 2021-10-26 04:00 AM UTC (12:00 PM UTC+8) to avoid potential trading disputes. This is pretty huge as it means moving all your assets out of

I currently do not have anything left in but I know Gemini does have limited cryptocurrencies offerings and not being able to use will really limit the offerings I am exposed to. Was actually planning to purchase stablecoins through Gemini then transferring it to to buy the other cryptocurrencies not offered in Gemini. This is pretty huge news, in the mean time, do move your assets out of if you do have any in there.

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