Binance has launched a new crypto transfer service called Send Cash that allows users in Latin America to easily send crypto to recipients who can withdraw it directly into their bank accounts, increasing financial inclusion in the region.
Binance may exit Russia due to sanctions over Ukraine invasion and legal issues.
Facing growing regulatory scrutiny, Binance announced it is discontinuing crypto debit card services in Latin America and the Middle East starting next month, just over a year after launching the cards.
Mastercard and Visa severed card partnerships with crypto exchange Binance amid increasing regulatory scrutiny and compliance concerns, underscoring traditional finance’s wariness to associate with crypto firms facing legal issues.
Binance faces deepening uncertainty and strain on relationships amid communication missteps, legal troubles, and regulatory friction globally, though the pivotal crypto exchange aims to shift to greater transparency and cooperation to address mounting criticisms.
The Weeknd’s global concert tour pioneers web3 fan engagement through the crypto platform Binance while supporting charity.
Binance announced it will shut down its regulated crypto arm Binance Connect on August 16th, closing its fiat on-ramp service amid ongoing legal battles and regulatory clampdowns on the broader Binance exchange worldwide.
Binance.US has requested a protective order arguing the SEC is exceeding the agreed-upon scope of discovery related to customer assets in their legal dispute.
Chairman of the Association of Bureau de Change Operators, Aminu Gwadabe, urges the Nigerian government to ban the use of Binance due to its involvement in underground markets and the negative impact on the naira currency.
Binance secures licenses in El Salvador and becomes the first licensed crypto platform in the country.
