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Cryptocurrencies

Crypto players jockey for Singapore position amid Binance clampdown

Luno, Matrixport and Cabital eye licenses to operate in the city-state

Cryptocurrency companies are keen to secure a foothold in Singapore in part to use as a base for regional expansion. (Source photo by Reuters and Akira Kodaka)

SINGAPORE -- Cryptocurrency service providers are jostling to secure a foothold in Singapore, even as the city-state's financial regulator keeps a tight leash on the digital assets sector -- as seen in the clampdown on Binance.com, one of the world's most popular crypto trading platforms.

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