Binance Australia head Ben Rose claimed the exchange got less than a day’s warning from its payments partner before it was “cut off” from the local banking system in May.
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Binance Australia head Ben Rose claimed the exchange got less than a day’s warning from its payments partner before it was “cut off” from the local banking system in May.
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The legal teams for Binance, Binance.US and CZ filed a motion for the court to order the SEC to comply with “applicable rules of conduct” following allegedly misleading statements.
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Following Binance’s departure from the island, ByBit strengthens Cyprus’ crypto ecosystem with license approval for operations
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Binance said after carefully considering feedback from the community and several projects it revised operations to comply with EU standards.
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The regulator said Binance must cease “with immediate effect” all crypto-related services in Belgium after being unable to provide sufficient information on its non-EEA companies.
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This development comes amid a global regulatory crackdown on Binance, which is facing investigations in multiple countries.
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The legal motion referred to the SEC publicly claiming CZ and Binance could “commingle customer assets or divert customer assets”, despite a court transcript suggesting otherwise.
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Amid growing regulatory uncertainty in the West several crypto platforms have shifted their focus toward the Asia Pacific region.
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The U.S. SEC is issuing a spate of regulatory actions against major exchanges, including the world’s largest digital asset exchange, Binance.
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De Nederlandsche Bank cannot share details of Binance’s registration failings in the country due to the confidentiality requirements of its supervisory laws.
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