PLAAK Exchange is launching

The PLAAK Exchange will officially launched June 1 with a link on the new landing page
31 May 2018   820

PLAAK Exchange is going live on June 1 at 1:30pm GMT. A special link to a new landing page will be announced at the launch time. The link will redirect to a signup form. KYC compliance is going to be required during the signup. Verification will complete with a link that initiates the trading status.

A wallet address will be automatically generated. Users will be able to deposit BTC, ETH, PLK, SAFEX, VEN into the wallet right away. Initially only 1,000 users will be approved for the first week. All other submissions are going to be queued for the following week. Moreover, PLK tokens will be available for trade on Bancor and Token.Store.

More details about the launch can be found here.

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   233

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.

 

Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.