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[ad_1] Crypto exchange Binance late on Monday filed for a protective court order against the US Securities and Exchange Commission, saying the regulator’s requests for information were “overbroad” and “unduly burdensome.” BAM Trading, Binance US’ operating company, and BAM Management in a court filing in the US District Court of Columbia said the group had … Read more
[ad_1] Binance has announced its official entry into El Salvador, which became the first nation in the world to legalise Bitcoin in 2021. The US-based crypto exchange has received all operational licences in the central American nation, it said on Tuesday. With this, Binance has claimed to be the first fully licenced crypto exchange to … Read more
[ad_1] Binance has re-entered Japan after a brief hiatus and the exchange has listed 34 cryptocurrencies for Japanese traders to invest in for the time being. The crypto exchange, based in the US, has turned its focus to Japan where the leadership has decided to take a pro-Web3 approach. Japan’s Prime Minister Fumio Kishida has … Read more
[ad_1] Middle Eastern crypto exchange Rain said on Tuesday its Abu Dhabi unit obtained a license to operate a virtual assets brokerage and custody service for clients in the United Arab Emirates. The Bahrain-headquartered Rain, backed by Coinbase, said its entity based in the Abu Dhabi Global Market financial freezone will now offer institutional clients … Read more
[ad_1] Binance and its CEO and founder Changpeng Zhao are planning to seek the dismissal of a Commodity Futures Trading Commission (CFTC) complaint accusing the crypto exchange of violating the Commodity Exchange Act and certain related federal regulations. Binance is due to submit its response to the CFTC complaint on July 27 and plans to … Read more
[ad_1] Brian Armstrong, the CEO of Coinbase crypto exchange, is looking to meet with policymakers from the US. The agenda of Armstrong’s rendezvous with the Democrats revolves around opening discussions on the future of the digital assets sector in the US. Valued at $1.2 trillion (roughly Rs. 98,47,344 crore) as of Tuesday, July 18, the … Read more
[ad_1] A cryptocurrency developer’s landmark legal victory against the US Securities and Exchange Commission (SEC) will galvanize Coinbase and other companies to resist the agency’s attempt to assert its jurisdiction over the industry, experts said. Thursday’s ruling that Ripple Labs did not violate securities law by selling its XRP token on exchanges was the first … Read more
[ad_1] Binance has been in the news over the weekend over reported sizable layoffs at the crypto firm. A report by The Wall Street Journal claimed that over 1,000 staff members were given internal terminations at Binance in recent weeks. The exchange’s ongoing legal troubles with the SEC was quoted as the reason for triggering … Read more