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  • binance-to-cease-crypto-futures-and-options-in-australia
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    Binance to cease crypto futures and options in Australia

    Binance users in Australia have 90 days to close their positions for futures, options and leveraged tokens. Binance, the world’s largest cryptocurrency exchange by trading volume, continues limiting its services amid the ongoing global regulatory scrutiny, announcing new trading restrictions in Australia.Existing Binance users in Australia will have 90 days to reduce and close their… More

  • binance-limits-sgd-product-offerings-in-singapore-amid-regulatory-warnings

    Binance limits SGD product offerings in Singapore amid regulatory warnings

    The Monetary Authority of Singapore placed Binance on its investor alert list on Sept.1 over concerns that the crypto exchange may have violated local payments regulations. Global cryptocurrency exchange Binance announced Sunday that it will roll back product offerings in Singapore amid warnings from financial regulators that the company may have violated payments laws. Beginning Sept.… More

  • binance-pushes-back-against-warning-from-south-africa-regulator

    Binance pushes back against warning from South Africa regulator

    Though the FSCA is an agency of the South African government, Binance claimed the country’s Financial Intelligence Centre was the “major regulator” with which it had been working to be in compliance with local laws. In response to a warning from South Africa’s Financial Sector Conduct Authority, major cryptocurrency exchange Binance has said it is… More

  • south-africa’s-financial-regulator-issues-warning-against-binance
    in ,

    South Africa’s financial regulator issues warning against Binance

    South African authorities are the latest to warn against using Binance, saying the exchange is not authorized to operate in the country. South Africa’s Financial Sector Conduct Authority (FSCA) has warned the country’s public against dealing with crypto exchange platform Binance.In a statement issued on Friday, the FSCA stated that Binance Group, an “international company”… More

  • all-binance-users-are-now-subject-to-immediate-kyc-verification

    All Binance users are now subject to immediate KYC verification

    The crypto exchange will limit services for existing users unless they adhere to the new KYC and AML requirements. Binance has been in the regulatory cross-hairs of jurisdictions across the globe amid claims of it operating unlicensed businesses. As remediation of the ongoing scrutiny, the crypto exchange has publicly announced new Know Your Customer (KYC)… More

  • $100m-funding-round-for-binance-us-falls-through-on-regulatory-concerns

    $100M funding round for Binance US falls through on regulatory concerns

    Despite a failed $100-million funding round leading to the resignation of Binance US CEO Brian Brooks, the exchange still has its sights set on launching an IPO. Regulatory concerns surrounding Binance US have reportedly culminated in investors backing out of a $100-million funding round.The failed funding round also prompted Binance US CEO Brian Brooks’ surprise… More

  • crypto-community-in-shock-over-brian-brooks’

    Crypto community in shock over Brian Brooks’ resignation from Binance.US

    Changpeng Zhao said Brooks stepping down would not “impact Binance.US customers in any way.” The cryptocurrency community has different thoughts. After serving as the chief executive officer of major cryptocurrency exchange Binance.US for less than four months, Brian Brooks announced Friday he would be stepping down — a move that was greeted with confusion and… More

  • binance-to-bring-bitcoin-payments-to-shopify-via-new-partnership

    Binance to bring Bitcoin payments to Shopify via new partnership

    Binance Pay users will be able to pay across merchants of Alchemy Pay’s partners, including e-commerce giant Shopify and software technology firm Arcadier. Binance, the world’s largest cryptocurrency exchange by trading volumes, continues actively expanding into the crypto payments industry through a new crypto-to-fiat integration.The company announced Tuesday a partnership with crypto-fiat hybrid payment platform… More

  • binance-banned-in-malaysia,-given-14-days-notice-to-shut-down-operations

    Binance banned in Malaysia, given 14 days notice to shut down operations

    The crypto exchange has been served with a notice to stop offering its services in the country. Malaysia is the latest regulatory theater to come after Binance as authorities in the country have accused the exchange giant of continuing to operate in the country illegally.According to an announcement released on Friday, the Securities Commission (SC) Malaysia has… More

  • binance-to-shut-down-crypto-derivatives-trading-in-europe

    Binance to shut down crypto derivatives trading in Europe

    Binance moves to suspend derivatives trading in Europe, starting with Germany, Italy and Netherlands. Troubled global cryptocurrency exchange Binance continues moving fast in curbing services to respond to the ongoing regulatory scrutiny worldwide, partly shutting down derivatives trading.Binance officially announced Friday that it would suspend its derivatives trading across the European region, starting with Germany,… More

  • binance-will-‘work-with-regulators’-as-it-expands,-says-ceo

    Binance will ‘work with regulators’ as it expands, says CEO

    “We want to be licensed everywhere,” said Changpeng Zhao. Changpeng Zhao, the chief executive officer of Binance, has said he wants the major cryptocurrency exchange to work with local regulators as it establishes regional headquarters.According to a Tuesday report from Reuters, Zhao, also known as CZ, hinted Binance would depart from its decentralized approach to… More

  • binance-us-‘looking-at-ipo-route,’-cz-says

    Binance US ‘looking at IPO route,’ CZ says

    Binance is set to face heavy regulations in the future with the mindset of shifting from a tech startup to a financial service, Changpeng Zhao said. Binance US, a United States-based cryptocurrency exchange operating separately from Binance, is looking to go public despite the ongoing regulatory crackdown on Binance.Changpeng Zhao, founder and CEO of the… More

  • binance-burns-$390m-worth-of-bnb-tokens

    Binance burns $390M worth of BNB tokens

    Binance has destroyed $400 million worth of BNB in its 16th quarterly token burn event, but the markets don’t seem to care. Major cryptocurrency exchange Binance has completed its 16th quarterly Binance Coin (BNB) burn, destroying over $390 million worth of BNB.On Sunday, Binance reported that it had destroyed 1,296,728 BNB tokens valued at just… More

  • italian-finance-regulator-issues-warning-on-binance-crypto-exchange

    Italian finance regulator issues warning on Binance crypto exchange

    Italian Companies and Exchange Commission has warned that Binance is not authorized to facilitate crypto investment services in the country. Italy’s securities market regulator, the Italian Companies and Exchange Commission (CONSOB), has issued a statement, in which it said that Binance Group and affiliated companies are unauthorized to provide investment services and operate in Italy.The regulator specified… More

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