CryptocurrenciesCrypto 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)
DYLAN LOH, Nikkei staff writer
December 6, 2021 14:05 JST
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.