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Binance launches the world’s first crypto triparty deal

Binance introduces a pioneering triparty agreement with a banking partner, offering a secure solution for institutional investors to manage counterparty risks in the crypto market. Binance has successfully executed the world’s first cryptocurrency triparty arrangement with a banking partner, although the specific banking partner was unidentified. This significant development offers a first-in-crypto

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Binance launches pilot program for bank custody of collateral

Crypto exchange Binance launched a pilot program that allows banks to store trading collateral off-exchange, according to a Nov. 30 announcement. Binance claimed that the program will help to reduce counterparty risk.Binance trading interface. Source: Binance.According to the announcement, the program allows institutions to hold collateral at a third-party bank

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Binance settlement ‘net positive’ for cryptocurrency industry — Mike Novogratz

Binance’s $4.3 billion settlement with the United States Department of Justice (DOJ) is being hailed as a positive move for the company and the wider cryptocurrency industry, according to Galaxy Digital’s Mike Novogratz.In an interview with Bloomberg on Nov. 29, the CEO of the cryptocurrency investment firm expressed his belief that the

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New Binance CEO reluctant towards senior leadership changes

Binance’s new CEO, Richard Teng, emphasizes the leadership team’s continuity following the DOJ settlement, ensuring operational stability amid legal challenges. Despite the earlier resignation of Changpeng Zhao as chair of Binance.US, the newly appointed Binance CEO, Richard Teng, is reluctant to change the exchange’s executive leadership team. This statement comes amid

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Philippines Financial Regulator Cracks Down on Binance for Unauthorized Crypto Operations

Even though Binance acts as an approved broker in some places overseas, it still has to meet many legal requirements to handle securities activities in the Philippines under the country’s Securities Regulation Code. The Philippine Securities and Exchange Commission (SEC) has greatly increased its regulatory fight against the global crypto trading

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Cristiano Ronaldo Faces Legal Action over Binance Endorsement and Promoting Illegal Securities

The plaintiffs, Michael Sizemore, Mikey Vongdara, and Gordon Lewis, argue that Ronaldo actively took part in endorsing financial products on Binance, which should have been registered with regulators. Football icon Cristiano Ronaldo is facing a new legal battle, which started this week, as he has been accused of improperly promoting the

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