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Binance will launch closed beta testing of new crypto-fiat exchange in Singapore

On September 15, Binance co-founder and CEO Changpeng Zhao tweeted that Binance will start invitation-only private beta testing of crypto-fiat exchange in Singapore on September 18.

According to Finance Magnates, prior to posting the news on Twitter, CZ first revealed the plans to launch the fiat exchange while speaking at a recent blockchain event led by crypto assets-specializing firm Cumberland.

While no further details have been specified, the crypto-fiat Singapore-based exchange will presumably support the local Singapore dollar.