Tags : Binance

Regulation

Binance looking to setup physical headquarters following regulatory backlash

Binance has plans to set up physical headquarters in multiple jurisdictions as a concession to the global regulatory backlash. The world’s largest cryptocurrency exchange is under pressure following numerous notices, bans, and even a criminal investigation at the hands of Thailand’s Securities and Exchange Commission. The fallout has seen payment processing partners jump ship, leaving […]Read More

Regulation

Binance limits daily withdrawals to $2,000 for basic accounts amid

Major cryptocurrency exchange Binance today announced that users who passed only “Basic” verification soon won’t be able to withdraw more than 0.06 Bitcoin (roughly $2,000) worth of funds per day—down from the previous limit of 2 BTC (around $80,000 currently). “Daily withdrawal limits will be adjusted to 0.06 BTC for accounts which have completed only […]Read More

Regulation

Binance cuts AUD, EUR, GBP trade pairs amidst regulatory crackdowns

Crypto exchange Binance announced it is delisting margin trading pairs for three fiat currencies, namely the Australian dollar (AUD), the Euro (EUR), and the British pound sterling (GBP). Amidst increasing regulatory pressure, the world’s largest crypto trading platform in terms of volume continues curbing its trading services. Margin trading  Binance Margin will delist AUD, EUR, […]Read More

Regulation

After UK and Cayman Islands, Binance now faces regulatory concerns

Regulatory pressure surrounding Binance keeps increasing as Italy joins the club of jurisdictions that issued notices referring to the biggest crypto exchange by trading volume. Italian government authority, responsible for regulating the country’s securities market, Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning that states Binance is unauthorized to provide services […]Read More

Cryptocurrency

Ethereum, Binance Smart Chain DEXs are eating their centralized crypto

While most metrics hit new all-time highs mid-way through the quarter, when the broader crypto market turned, many decentralized finance (DeFi) protocols saw activity decrease. Despite being negatively impacted by depressed market sentiment and downfall in price, the DeFi sector, witnessing a lot of competitive action, grew and developed in multiple ways, according to Messari’s […]Read More

Regulation

Binance (BNB) boss admits mistakes have been made, looks to

The founder and CEO of Binance, Changpeng Zhao (CZ), posted a letter admitting his firm hadn’t gotten “everything right.” This he attributes to the speed at which they have grown. “Binance has grown very quickly and we haven’t always got everything exactly right, but we are learning and improving every day,” he wrote. The comments […]Read More

Regulation

Ripple CTO slams regulators as Barclays blocks Binance payments

Barclays UK customers have been blocked from transferring funds to Binance as the bank prohibited all credit and debit card payments to the exchange. Ripple’s (XRP) CTO David Schwartz turned to Twitter, calling for freedom of choice as the repercussions of the recent announcement made by the country’s financial watchdog keep unraveling. Pointing out the […]Read More

Regulation

Cayman Islands joins in global regulatory attacks against Binance, what

A press release from the Cayman Islands Monetary Authority (CIMA) states Binance is not registered to operate as a crypto exchange from the British Overseas Territory. “The Cayman Islands Monetary Authority (the “Authority”) wishes to inform the public that Binance, the Binance Group and Binance Holdings Limited are not registered, licensed, regulated or otherwise authorised […]Read More