Asian Watchdogs Wary of Binance Before US Downfall
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Asian Watchdogs Wary of Binance Before US Downfall
Crypto exchange, which has Asian links, fined over US$4 billion by US authorities
By: Toh Han Shih
Asian regulators were ringing alarm bells over Binance well before the world’s largest cryptocurrency exchange and its former chief executive officer (CEO), Changpeng Zhao, pleaded guilty to US authorities on November 21. In September 2021, for instance, the Monetary Authority of Singapore (MAS) ordered Binance to stop soliciting Singapo…
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