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On the one hand, the fact that the exchange is removing, behind the scenes, USDC as one of its pegs would suggest that it might be a grander play to delete the stablecoin from history after it gets absorbed. After all, one of the functions of stablecoins aside from their
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Henrique Meirelles also served as economy minister between 2016 and 2018. Source
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Shetty, however, shot back at CZ’s claims about not owning control of the WazirX exchange, saying “WazirX is the technology which we sold to Binance.” He said he has legal documents proving the sale, but is unable to share, again due to legal reasons. “What I really want is a
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Binance was believed to be the owner of WazirX, but CZ denied the claim on Twitter. "Binance does not own any shares in Zanmai Labs, the entity operating WazirX and established by the original founders," Zhao said. Referring to a blog post announcing the acquisition in November 2019, CZ said
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Changpeng Zhao, the CEO of the popular crypto exchange Binance, has said it might take Bitcoin some months to a couple of years to get back to the all-time-highs previously reached by the coin. ChangPeng told Guardian ePaper, a UK-based news outlet, that he believes if investors in 2018 were told that
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The U.S. Securities and Exchange Commission (SEC) is examining whether Binance’s initial coin offering of its Binance coin (BNB) token in 2017 was an unregistered security offering that should have been registered with the regulatory agency, Bloomberg reported Monday, citing confidential sources. Original Source
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The Autorité des Marchés Financiers (AMF), France’s authority responsible for regulating the financial market, has granted Binance’s registration to provide crypto-related services in the country.In a Wednesday update, the AMF included Binance France SAS in its list of registered digital asset service providers in France. The registration was a step
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The Financial Conduct Authority (FCA), the top financial authority in the United Kingdom, has raised concerns over Binance’s recent partnership with Paysafe, a retail payment processor.The U.K. financial watchdog said the latest partnership of Binance gives it access to the extensive retail payment network via Faster Payment Services (FPS), a
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Several regulators around the globe have taken a hostile approach around crypto exchanges and crypto-related companies by forbidding them to advertise the industry to the general public. However, Binance’s CEO Changpeng Zhao thinks this will not affect the high demand of the market. Curbing Crypto Ads Crypto-related firms have been accused by
Read MoreDecentralized finance is in full swing, and one of its biggest supporters appears to be the exchange Binance. The platform's United States branch recently joined the Chicago DeFi Alliance, with the aim to further develop the U.S. DeFi industry. Additionally, Binance's support for new DeFi projects continues to grow. Most
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