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Cryptocurrencies

Binance revives Singapore crypto permit bid despite U.S. pressure

World's biggest exchange hires experts to help it navigate global regulators

Binance is hoping that Singapore will give a license for its custody arm to offer services to corporate clients in the Asian finance hub.   © Reuters

SINGAPORE -- Binance intends to take another stab at securing a license to offer cryptocurrency services in Singapore, pivoting from retail to corporate clients, even as the digital assets giant comes under increasing scrutiny from U.S. regulators.

The world's largest crypto exchange will have its custodial arm apply for a permit to offer such services "in due course," according to executives from the unit.

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