US Senator Asks Coinbase, Gemini, Binance, Tether How They’re Protecting Consumers

US Senator Asks Coinbase, Gemini, Binance, Tether How They're Protecting ConsumersU.S. Senator Sherrod Brown has sent letters to cryptocurrency exchanges and stablecoin issuers, including Coinbase, Gemini, Binance, and Tether, asking how they are protecting consumers and investors. “I have significant concerns with the non-standardized terms applicable to redemption of particular stablecoins,” the senator said. US Senator Raises Concerns Regarding Stablecoins U.S. Senator Sherrod Brown (D-Ohio), […]

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Binance Discontinues Crypto Products and Services in South Korea

Binance Discontinues Crypto Products and Services in South KoreaOn August 13, the cryptocurrency exchange Binance revealed it is ending a great number of services in South Korea. The company noted in the announcement that it evaluated local regulations and “will discontinue the following offerings in Korea, effective immediately.” Binance Ends Korean Crypto Services Last week, former CEO of Binance US and former acting […]

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Binance US CEO Steps Down as the Crypto Exchange Faces Rising Regulatory Scrutiny

Binance US CEO Steps Down as the Crypto Exchange Faces Rising Regulatory ScrutinyFormer acting Comptroller of the Currency Brian Brooks has resigned as the CEO of Binance U.S. after just over three months. He cited “differences over strategic direction.” Meanwhile, Binance is facing regulatory scrutiny worldwide, including in the U.K., Malaysia, Japan, Cayman Islands, Hong Kong, Thailand, Germany, and Lithuania. CEO of Binance US Resigns The CEO […]

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Binance Is Hunting for a New CEO — Exchange’s US Venture ‘Looks at Potential IPO Route’

Binance Is Hunting for a New CEO — Exchange's US Venture 'Looks at Potential IPO Route'Binance CEO Changpeng “CZ” Zhao has explained in a recent interview that the company is looking to launch a U.S.-based initial public offering (IPO) in the future. The crypto exchange has been stuck in regulatory crosshairs during the last few weeks and has had issues with payment providers. CZ also noted during his interview that […]

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Crypto Exchange Binance.us Hires Former Financial Regulator

Crypto Exchange Binance.us Hires Former Financial RegulatorBinance.us has hired Manuel Alvarez, a former financial regulator from California, to work as its chief administrative officer. The San Francisco-based crypto exchange, which sources technology from Binance, is aiming to deal with “the big question” — compliance. Binance.us Filling Roles in Compliance, Risk Management, and Legal Binance.us, powered by matching engine and wallet technologies […]

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Former Comptroller of the Currency Brian Brooks to Lead Binance’s US Trading Platform

Former Comptroller of the Currency Brian Brooks to Lead Binance's US Trading PlatformA former top regulator and acting head of the U.S. Comptroller of the Currency, Brian Brooks has been appointed the CEO of crypto exchange Binance.us. Brooks will lead the exchange on May 1st and replace the company’s current lead, Catherine Coley. Binance has hired an individual with ties to Washington, as the company’s American trading […]

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