binance

Indian IT MoS Rajeev Chandrasekhar Reacts to Binance and Changpeng Zhao Debacle

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[ad_1] Rajeev Chandrasekhar has reacted strongly to Binance founder and former CEO Changpeng Zhao’s admission to having violated US’ anti-money laundering laws. Chandrasekhar, who is the Union Minister of State for electronics and technology, has warned crypto firms against misusing technology to flout laws and accomplish illegal activities. The warning comes in the backdrop of … Read more

Binance CEO Changpeng Zhao Steps Down, Pleads Guilty to Settle US Illicit Finance Probe

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[ad_1] Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world’s largest crypto exchange, prosecutors said on Tuesday. The deal, which will see Zhao personally pay $50 million, was described by prosecutors as one of the … Read more

Binance Stops New User Signups in UK, Says Needs Time to Comply with Rules on Crypto Ads

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[ad_1] Binance, starting this week, is pausing first-time signups in the UK. The reason behind the crypto exchange’s decision is that it requires some time to get its operations to comply with UK’s laws around crypto marketing and advertisement. The UK is exploring ways to establish itself as a crypto hub. British Prime Minister Rishi … Read more

Binance Crypto Exchange to Sell Its Russia Business to CommEX for Undisclosed Amount

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[ad_1] Cryptocurrency exchange Binance said on Wednesday it will sell its Russia business to newly-launched exchange CommEX, becoming the latest company to pull out of Moscow since the country began its war against Ukraine. Binance, the world’s largest cryptocurrency exchange, did not disclose financial details of the deal. The company said it will have no … Read more

Mastercard, Binance to End Crypto Card Programmes in Four Countries

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[ad_1] Mastercard and crypto exchange Binance will end their four crypto card programmes in Argentina, Brazil, Colombia and Bahrain as of September 22, a spokesperson for Mastercard said via email on Thursday. The Binance cards allow users to make payments in traditional currencies, funded by their cryptocurrency holdings on the exchange. Mastercard’s website also lists … Read more

Binance’s Crypto Debit Cards to Stop Working in Some Regions Where Initiative Failed to Soar as Expected

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[ad_1] Binance’s crypto debit cards will be suspended in Latin America as well as Middle East nations starting August 25. While Binance has not given a concrete reason behind its decision, it could be motivated by the lack of hype for the project in the regions. In a statement posted on X, Binance said less … Read more

Cryptocurrency Exchanges in the SEC’s Crosshairs: Safeguarding Investor Interest Amid the Web3 Evolution

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[ad_1] The financial industry has long been an essential component of the world economy, promoting development, capital investment, and wealth accumulation. However, over the years, the way we interact with financial institutions has changed as a result of technology advancements. One such innovation that has gained a lot of traction is cryptocurrencies. In what first … Read more

Binance Pulls the Shutter Down on Its Fiat-to-Crypto Platform Binance Connect a Year After Launch

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[ad_1] Binance, reeling under the scrutiny from the US Securities and Exchange Commission (SEC), is taking measures to reorganise its business strategies. In a fresh development, the crypto exchange reportedly shut down its fiat-to-crypto platform Binance Connect on Wednesday. The platform was launched just a year ago in March 2022. Its main aim was to … Read more