CNBC’s probe revealed Binance employees helping Chinese users dodge KYC and AML rules, sparking worries about national security and crypto system credibility.
Binance, one of the world’s largest cryptocurrency exchanges, has announced that it will be blocking Russian customers from peer-to-peer (P2P) trading in Euros and Dollars. In addition, customers from the European Union will not be able to trade Rubles P2P.
Binance, a big digital money trading company, may face problems with the US Securities and Exchange Commission (SEC). Leaked messages show that Binance’s leaders were worried about what would happen if the US government looked into the company. So they made a new company in the US called Binance.US to avoid being watched by US regulators.
Binance, the world’s largest cryptocurrency exchange by trading volume, has announced that it will no longer accept USD deposits and withdrawals via SWIFT if the amount transferred is less than $100,000.
5% of the whole FTT supply, now only worth $65 million, was all that Binance was left with despite the caustic memes that inundated Crypto Twitter when it first said it would and then wouldn’t acquire FTX.
The agreement between Binance and FTX has been canceled after Binance announced its intention to purchase FTX on Tuesday.
The business abandoned the acquisition of rival FTX one day after cryptocurrency exchange Binance declared its intention to do so for an unknown sum.
Binance CEO Changpeng ‘CZ’ Zhao stated in an interview that he wants to ensure that crypto and Web3 are a part of Twitter’s future after supporting Elon Musk’s takeover of the social media platform.
The outspoken CEO of prominent exchange Binance, Changpeng “CZ” Zhao, has declared that his company intends to devote more than $1 billion to purchases and investments in 2022. The largest project undertaken by Binance in this area is the $500 million funding of Elon Musk’s proposed acquisition of Twitter.
The action is being taken as Japan strives to embrace more web3-friendly policies and adopts a more open attitude toward cryptocurrencies. The exchange’s increased interest in the land of the rising sun is also attributed to the “substantial potential for user growth.”
