Binance's custodial arm, Ceffu, is reportedly applying for a Capital Markets Service license to provide crypto services in Singapore, a year after the exchange shut down operations there. The Singapore affiliate of Binance had to suspend operations after withdrawing its local license application due to "strategic, commercial, and developmental" issues. Although the Monetary Authority of Singapore (MAS) previously imposed regulatory pressure on Binance, Jarek Jakubcek, the head of law enforcement training at Binance, claims that the exchange now meets the regulator's requirements. Meanwhile, Binance.US faces opposition from US regulators over its proposed acquisition of Voyager Digital's assets.
