Binance is one of the largest crypto exchanges in the world, but its status varies depending on the country. Singapore, known for its clear but strict financial regulations, has had a complicated relationship with Binance in recent years. If you live in Singapore or plan to use Binance while visiting, it’s essential to understand the legal status, usage limitations, and alternatives. Let’s break it all down.
Is Binance Legal in Singapore?
Singapore regulates digital assets through its central bank, the Monetary Authority of Singapore (MAS). In 2021, Binance Asia Services (Binance.sg) withdrew its application for a local license and officially shut down its operations in Singapore. Since then, Binance.com — the global version — has been accessible, but not officially registered under MAS.
As of 2025, Binance still does not hold a license issued by MAS. This means the exchange operates without official regulatory approval in Singapore. MAS has previously placed Binance.com on its Investor Alert List, signaling risks for local users. While the platform hasn’t been outright banned, its use is considered grey-area — legal for individuals, but not formally regulated.
How to Access and Use Binance in Singapore
Yes, residents in Singapore can access Binance.com, but with some limitations. Users are required to complete full KYC verification, and some features like derivatives trading, futures, or leveraged tokens may be unavailable due to compliance restrictions.
Crypto users in Singapore typically access Binance via the main website or mobile app. No VPN is officially required to log in, though using one does not violate Binance’s terms — it might, however, raise regulatory concerns if used to bypass restrictions.
Users should always be aware of potential changes in local laws. While Binance is available now, Singaporean authorities can update their policies at any time. Keep an eye on MAS announcements.
Regulatory Updates and Compliance Efforts
#Binance has made public efforts to improve its compliance across different jurisdictions, including Singapore. In recent years, the exchange hired compliance officers, built localized teams, and added stricter onboarding checks.
However, Binance still has not obtained a full license under Singapore’s Payment Services Act. There is also no active Binance.sg platform in 2025. Until Binance registers with MAS or partners with a licensed entity, it remains unregulated in the country.
Final Thoughts
Binance remains accessible in #Singapore in 2025 — but without official regulation. Users can trade spot markets, but must accept the risks of using an unlicensed platform.
⚠️ Always do your own research (DYOR) and follow local laws. When in doubt, consult a financial advisor.
