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According to Bloomberg, the Singapore police is investigating Binance.com over a possible breach of local payment services rules. “Police investigations are ongoing and we are unable to comment further,” according to a statement from the police in response to queries from Bloomberg News. The probe started when the nation’s financial regulator referred the case to the white-collar crime unit of the Singapore Police Force, the Monetary Authority of Singapore had said a day earlier. Binance.com was “actively soliciting” users in Singapore to the extent of offering listings in the local currency among other incentives, the MAS said in its statement on Monday. The regulator was trying to explain its differing treatment of Binance.com and FTX, in the wake of FTX’s collapse that had drawn criticisms.

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【Singapore police says investigations into Binance.com ongoing】According to Bloomberg, the Singapore police is investigating Binance.com over a possible breach of local payment services rules. “Police investigations are ongoing and we are unable to comment further,” according to a statement from the police in response to queries from Bloomberg News. The probe started when the nation’s financial regulator referred the case to the white-collar crime unit of the Singapore Police Force, the Monetary Authority of Singapore had said a day earlier. Binance.com was “actively soliciting” users in Singapore to the extent of offering listings in the local currency among other incentives, the MAS said in its statement on Monday. The regulator was trying to explain its differing treatment of Binance.com and FTX, in the wake of FTX’s collapse that had drawn criticisms.

Singapore police says investigations into Binance.com ongoing

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