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Binance launches internal investigation following KYC bypass rumors

A recent article surfaced alleging that Binance employees and volunteers were assisting Chinese users on how to bypass Know Your Customer (KYC) and other security protocols. However, speaking to Cointelegraph a spokesperson from Binance clarified that employees are “explicitly forbidden” from supporting users in circumventing any laws or policies. The spokesperson

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Binance spot trading halted due to issue on trailing stop orders

Crypto exchange Binance has encountered major issues with spot trading on the platform.On March 24, Binance suspended all spot trading transactions, according to an announcement by Binance’s official Twitter account.“We are aware of an issue impacting spot trading on Binance. All spot trading is currently temporarily suspended as we work

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Mainland China Residents Show Hunger for Bitcoin via Subverting Binance KYC

Amid rising global inflation and fear of a worldwide banking crisis, the demand for risky assets, including Bitcoin, has significantly spiked in the recent past. Crypto exchanges have been outlawed in mainland China since 2017, while digital assets like Bitcoin were banned in 2021. However, mainland China residents are eager

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Binance employees allegedly help customers in China bypass KYC controls

Binance, the world’s largest cryptocurrency exchange, has made significant efforts to be a leader in transparency in the industry since the FTX scandal. However, a new report claims that Binance insiders are allegedly helping users bypass security protocols. According to a CNBC investigation, employees and volunteers at Binance have allegedly been

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