![]() ![]() A Letter From Our CEO: 2022, the Year of Resilience. SINGAPORE (BLOOMBERG) - Crypto exchange Binance has published a list of 'fundamental rights' amid increasing regulatory pressure, arguing everyone should have access to financial tools like crypto. Although MAS noted that some crypto companies were still operating with an exemption, and waiting to get approved by the authorities. Brought to you by Binance, the worlds leading blockchain and crypto ecosystem. Last month, CoinGape reported that both, Binance and Coinbase were struggling to acquire their licenses from MAS, while authorities revealed that more than half of the companies that applied for crypto permits in 2020, had already received their approvals. However, the nation is still to pass crypto exchange giants’ applications to allow them to legally provide services in the area. Binance, the largest cryptocurrency exchange in the world, has named former Singapore Exchange executive Richard Teng as CEO of its Singapore affiliate, underscoring the city. In September 2021, Binance named former US Senator. Singapore authorities are adopting a pro-crypto approach while also maintaining regulatory oversight. In August 2021, Binance appointed former eToro executive Richard Teng as the CEO of Binance Singapore. ![]() Regulators usually make rules that are much more pro-business when they look at both these metrics.”, The Business Times quoted its impromptu interview with CZ. ![]() But better regulators have 2 metrics – they want to encourage innovation or economic growth and reduce risk. “When (regulators) only go by that metric, they just shut everything down, and yes that’s the best way to reduce risk. ![]()
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