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Binance, the leading cryptocurrency exchange by trading volumes, announced it is discontinuing its derivatives and futures products in Germany, Italy, and the Netherlands. This is likely the consequence of the regulatory crackdown that governments all over the world have exerted on Binance lately. The company also stressed this was the start of a complete plan … Read more
“The offers and sales that the SEC challenges did not occur in this country and are not subject to the law that the SEC has invoked in this case,” said the legal team. Go to Source Powered by WPeMatico
Indian authorities are reportedly investigating cryptocurrency exchange Binance in connection with an ongoing Chinese money laundering case that raked in more than 10 billion rupees ($134 million). Binance’s Regulatory Troubles Continue India is reportedly investigating whether the global cryptocurrency exchange Binance had any role in a Chinese money laundering scheme involving betting apps, local media … Read more
The securities regulator of Malaysia has taken enforcement actions against the global cryptocurrency exchange Binance. Noting that the exchange is operating illegally in the country, the regulator has advised those who currently have accounts with Binance “to immediately cease trading through its platforms and to withdraw all their investments immediately.” Malaysia Issues Public Reprimand Against … Read more
The crypto exchange has been served with a notice to stop offering its services in the country. Go to Source Powered by WPeMatico
Binance moves to suspend derivatives trading in Europe, starting with Germany, Italy and Netherlands. Go to Source Powered by WPeMatico
Binance CEO Changpeng Zhao (CZ) says that his company wants “to be licensed everywhere” and “From now on, we’re going to be a financial institution.” Following warnings by a growing list of regulators worldwide, Zhao also revealed that Binance is seeking “a strong compliance background CEO to show our commitment to compliance as this is … Read more
Bitcoin’s rally to $40,000 alleviated some of the bearish sentiment in the market, but data shows derivatives traders still walking on eggshells. Go to Source Powered by WPeMatico
Existing Binance users will not be able to withdraw more than 0.06 BTC per day without completing full KYC verification, effective in August. Go to Source Powered by WPeMatico
“We want to be licensed everywhere,” said Changpeng Zhao. Go to Source Powered by WPeMatico
