ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more