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Binance is set to launch a crypto exchange in Indonesia in partnership with a consortium led by MDI Ventures, an over $830 million multi-stage Venture Capital firm.
Binance Asia Services Ltd., which recently withdrew an application to offer cryptocurrency services in Singapore, didn’t meet the central bank’s criteria for safeguarding against money laundering and terrorism financing, a person with knowledge of the matter said.
Licensed crypto exchange Coinhako received investment from a fund jointly set up by SBI Holdings and Swiss-based Sygnum Bank.
Blockchain comes to the foreign-exchange foodchain.
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