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A federal judge overseeing the lawsuit between Binance.US, Binance Holdings Limited and CEO Changpeng “CZ” Zhao and the United States Securities and Exchange Commission (SEC) has denied a motion that could have stopped the financial regulator from issuing public statements related to the case.In a June 26 ruling in the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance, a prominent player in the cryptocurrency exchange industry, has experienced a notable decline in market share amid increasing regulatory scrutiny and legal challenges. Recent data from Kaiko reveals that Binance’s spot trading market share reached
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Binance will not delist privacy coins in Europe, opting instead to review its classification of assets in line with EU law. Binance has reviewed its decision to delist several privacy coins in Europe. The exchange will no longer delist these coins as it works to comply with regulations stipulated by European
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Binance has decided to reverse its plan to delist a number of privacy coins in Europe after it said it has revised operations in order to comply with local regulations. In a comment from the cryptocurrency exchange recevied on June 26, Binance said that: "After carefully considering feedback from our community
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In light of recent enforcement actions in the United States, Binance is turning its attention to the United Arab Emirates (UAE) as a significant focus for its future operations. According to Alex Chehade, the general manager of
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The United Arab Emirates is becoming the next big focus for Binance in the wake of a slew of enforcement actions in the United States against the crypto exchange.Speaking to Cointelegraph, Binance Dubai general manager Alex Chehade said the UAE is a prime destination for crypto businesses seeking a clear
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Binance faced more regulatory challenges worldwide, particularly in the UK and Belgium, which increased the scrutiny on the exchange. Despite the ongoing regulatory issues in the crypto industry, there was a significant increase in institutional adoption of cryptocurrencies during the week as Mastercard and J.P. Morgan expanded their involvement in
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to Belgium’s Financial Services and Markets Authority, Binance, the largest cryptocurrency exchange globally, has been found to provide services from non-European economic area countries. The regulator stated that individuals and companies operating in Belgium, but not
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“There are a lot of details about amounts transferred and where they went…” Barrett asked the SEC’s lawyers. “You say these funds consisted in significant part of Binance platforms, plural, customer assets, including those of Binance.US … Can you clarify or walk me through the transfers you allege were made
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The Belgian Financial Services and Markets Authority (FSMA) has ordered major cryptocurrency exchange Binance to stop offering crypto exchange and custody wallet services. In a June 23 notice, the FSMA said that by Binance offering crypto-related services “from countries that are not members of the European Economic Area,” the exchange was
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