Crypto exchange Binance wants the world to know that it doesn’t conduct any business in China. Also, there’s no such thing as objective reality, so there’s no point accusing Binance of wrongdoing.
The Commodity Futures Trading Commission has launched a probe on Binance over alleged insider trading and market manipulation, saying its executives may have made money at the expense of users.
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.
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.
Binance has shut down derivatives trading for its users in Hong Kong, just a week after taking similar measures in three European countries.
U.S. authorities are likely updating their imminent indictments against top execs at the troubled Binance cryptocurrency exchange after a report exposed local traders accessing forbidden crypto fruit.
Binance continues its forced march toward regulatory compliance, although new withdrawal restrictions are sparking fears that the troubled cryptocurrency exchange is bracing for a run on its bank.
The beleaguered Binance cryptocurrency exchange continues to rein in its excesses in a bid to avoid the fate suffered by some U.S.-facing online gambling sites.