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Officials reportedly speculated an indictment against Binance in the U.S. could cause a run on the exchange similar to what happened with crypto exchange FTX in November 2022. Go to Source Powered by WPeMatico
Binance has refuted claims published in the Wall Street Journal that despite China’s crypto ban, the exchange has conducted billions in crypto-related business in the country. Go to Source Powered by WPeMatico
Binance declined to comment on the issue when Cointelegraph reached out to confirm the report. Go to Source Powered by WPeMatico
The Japan-based crypto exchange said it was offering spot trading for 34 tokens as of Aug. 1, with plans to migrate global Binance users starting on Aug. 14. Go to Source Powered by WPeMatico
The Commission insists that the platform doesn’t have a license to work in the country and hence its operation is illegal. Go to Source Powered by WPeMatico
In a 35–15 vote, the House Financial Services Committee approved the Financial Innovation and Technology for the 21st Century Act. Go to Source Powered by WPeMatico
Binance is now officially allowed to offer crypto services to institutional and qualified retail investors in Dubai. Go to Source Powered by WPeMatico
The US SEC contends that Eeon has a history of repeatedly representing themselves in court cases, but their claims have consistently been unsuccessful in federal courts. Go to Source Powered by WPeMatico
BaFin reportedly advised Binance that CEO Changpeng Zhao wouldn’t pass a “fit and proper” test as part of the financial watchdog’s licensing regime. Go to Source Powered by WPeMatico
They pointed out that the CFTC is attempting to regulate foreign individuals and corporations operating outside the United States, going beyond the limits of its statutory jurisdiction. Go to Source Powered by WPeMatico
