The U.S. Securities and Exchange Commission (SEC) filed 13 charges against Cayman-registered Binance Holdings Ltd, Delaware-registered BAM Trading Services—which operates the U.S.-facing Binance.US digital assets exchange—and Changpeng Zhao.
Binance undergoes "re-evaluation" of its workforce, cutting down about one-fifth of its total manpower who are either underperforming or might not be "the right cultural fit."
During an interview on the Bankless Podcast, Changpeng Zhao extolled the "financial access" virtues of digital assets, market downturns and spent a significant portion railing against fake news.
In its latest report, Reuters claims that Binance violated U.S. financial rules regarding the strict church-state separation of customer funds from company revenue in 2020 and 2021.
Binance Australia abruptly announced that it was "unable to facilitate PayID AUD deposits for Binance users" because of a decision made by their third-party payment service provider.
May is taking a bad turn on Binance as the exchange is under investigation for violating economic sanctions against Russia, opening up another front in its long-running war against compliance.
Israel's National Bureau for Counter Terror Financing had seized "around 190" Binance accounts, including two allegedly linked to the Islamic State terror group, according to a Reuters report.
Dr. Craig Wright was a guest on the Alfie Whattam Podcast not to convince listeners that he is the true inventor of Bitcoin but to tell his story and why he's going after big 'crypto' names.
Binance.US said that although they hope to help Voyager, the regulatory environment in the United States had "introduced an unpredictable operating environment impacting the entire American business community."
Under the proposed expansion of Exchange Act Rule 3b-16, which garnered a 3-2 vote among commissioners, DeFi platforms would be included as "exchange" systems as regulators ramp up securities laws.
Tron founder Justin Sun has been given 21 days to respond to the civil charges, and failure to respond will result in a default judgment against him.
Binance is feeling the regulatory walls closing in as authorities question the reputational damage of appearing to approve of the controversial digital asset exchange.
