Regulators from all over the world continue to take action against unregulated activities and businesses of digital currency companies and platforms, proving that no one is invincible to regulation.
Singapore has prohibited the cryptocurrency exchange from offering payment services in the country, while South Africa has issued a warning against Binance.
CoinGeek’s Chief Bitcoin Historian joined the Cash Daddies podcast to talk about why BSV will gobble up all the other chains and calls out scams in the space.
The latest reports paint a picture of an extremely wealthy company (and founders), one that is facing very different situations in the various jurisdictions it operates in.
The world’s first country to adopt BTC as legal tender is now preparing for its rollout this coming September but pulls back from requiring the nation’s residents from using the digital currency.
Hot on the heels of the sudden and mysterious resignation of new Binance.US CEO Brian Brooks comes more speculation the exchange may be under the U.S. Securities and Exchange Commission probe.
Brian Brooks tweeted on August 6 that he was resigning as the CEO of Binance.US, adding that “despite differences over strategic direction, I wish my former colleagues much success.”
Binance will now require all users to prove their identities and verify their faces as it tightens AML checks, even as investors pulled out of $100M funding.
Regulators and law enforcement agencies across the globe have begun to clamp down on rogue players and write regulations to bring the criminal elements within the blockchain arena to heel.
In August 2020, Mark Shin attempted to transfer staked ICX tokens from his wallet when he discovered he had received 25,000 newly-minted tokens.
Binance has shut down derivatives trading for its users in Hong Kong, just a week after taking similar measures in three European countries.