Philippines Cracks Down on Unlicensed Binance
The Philippines Securities and Exchange Commission has accused Binance of operating in the country without proper registration and authorization.
The Philippines Securities and Exchange Commission has accused Binance of operating in the country without proper registration and authorization.
New Binance CEO Richard Teng met with MMA star Khabib Nurmagomedov and soccer legend Ronaldo at the Abu Dhabi Grand Prix, prompting rumors of future collaborations with the athletes.
The DOJ suggested Binance founder Changpeng Zhao could face up to 10 years in prison for Bank Secrecy Act violations related to enabling criminal activity on the platform.
Cryptocurrency exchange Binance has appointed former regulator Richard Teng as its new CEO to guide the firm through compliance challenges.
Changpeng Zhao’s personal Twitter account was temporarily restricted shortly after he changed his display name on the platform. This comes after recently resigning from Binance amidst legal troubles.
The new Binance CEO Richard Teng addressed how the exchange will handle the $4.3 billion fine.
Binance saw over $1 billion in net outflows in 24 hours as its founder Changpeng Zhao pleaded guilty to criminal charges in the U.S. and stepped down as CEO.
Binance founder Changpeng Zhao resigns as CEO and pleads guilty to anti-money laundering violations in $4B settlement with US regulators.
The US Justice Department seeks a record $4 billion settlement from crypto exchange Binance to end a years-long investigation into alleged money laundering and sanctions violations.
Binance has partnered with Thai billionaire Sarath Ratanavadi to launch a licensed crypto exchange in Thailand in early 2024 after receiving approval from the Thai SEC.