March 2 (Reuters) - Crypto exchange Binance will have
its custodial arm apply for a permit to offer cryptocurrency
services in Singapore "in due course", Nikkei Asia reported on
Thursday, citing executives from the unit.
Binance did not immediately respond to a Reuters email
seeking comment.
Singapore, a broadly crypto-friendly city-state, has
previously presented challenges for the crypto giant.
Binance Asia Services, a Singapore affiliate of Binance,
withdrew its local license application in December 2021 without
giving a reason beyond "strategic, commercial and developmental"
considerations.
(Reporting by Nilutpal Timsina in Bengaluru; Editing by Savio
D'Souza)
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