Coinbase and Binance Among 70 Seeking Singapore Crypto Permits
- Last year’s applicants for local crypto licenses totaled 170
- Information based on Monetary Authority of Singapore website
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Singapore units of Coinbase Global Inc. and Binance Holdings Ltd. are among the remaining 70 applicants for a license to provide cryptocurrency services in the Asian financial hub.
That’s according to information posted on the website of the Monetary Authority of Singapore. It shows the number of firms operating with an exemption while their application is processed is now less that half the 170 that last year applied for a permit. The list didn’t give details on the decline.