All About Cryptocurrency Trading In Singapore And Their Best Exchanges
If you’re living in Singapore, the best choice for you is Binance. It’s legal to work at from Singapore, since it has the MAS license which you can find out about by reading this article further.
Furthermore, Binance operates worldwide, has a solid reputation among all the crypto exchanges and a massive user base. Also, it offers an academy where you can learn about the basic terms of crypto.
Regulations on crypto in Singapore
Trading cryptocurrency is legal in Singapore as long as you’re making transactions on a platform that has obtained a special crypto license from Singapore. The license allows the exchange to fairly lead business on the territory of the country and provide services to its citizens.
To be exact, a company needs a license from the Monetary Authority of Singapore or MAS. As long as it has one, you’re good to go and trade crypto on that website. If the platform doesn’t, it might get banned and your money will be lost, so check if a site has one.