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Binance announces tests in legal currency trading in Singapo

Mr. Changpeng Zhao , the world’s largest cryptocurrency exchange, CEO of Binance (Binance), revealed on 15th that it intends to conduct a closed test of legal currency trading in Singapore on 15th .

Invitation only first. Exciting! Https://t.co/Hzo6jLLkfS

– CZ Binance (@ cz_Binance) September 15, 2018

Mr. Zhao attended the event called Cumberland Summit in Singapore and said that it slipped about Singapore dollar-denominated cryptocurrency transactions.

The closed beta test will be held over three days from the 18th of this month .

Although information other than schedule regarding beta tests is not officially disclosed, in some cases it is speculated that a pair of SGD (Singapore dollar) / BTC (Bitcoin) and SGD / ETH (ether) will be offered It has been.

It is said that Singapore is a country with a population of approximately 5.6 million people, from a relatively low tax rate and a friendly atmosphere to technology, it is a good location for Binance.

In addition, Singapore is also suitable for implementing ICO, Litecoin, TRON, VeChain, etc. are based in the country.

Meanwhile, Binance also announced the establishment of Binance Uganda, a legally-tied currency exchange in Uganda in Africa this June.

The company seems to be exploring various possibilities to create a trading platform using legal currencies.

Article Source: CryptoGlobe


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Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/Binance-announces-fiat-to-crypto-beta-test-in-singapore/

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