Binance Reportedly Saw Monthly Illegal Crypto Transactions Worth $90 Billion in Banned China Market

[ad_1] Binance users traded $90 billion (roughly Rs. 7,42,800 crore) of cryptocurrency-related assets in a single month in China, where cryptocurrency trading has been illegal since 2021, the Wall Street Journal reported on Tuesday citing internal figures and current and former employees of the exchange. The transactions made China Binance’s biggest market by far, accounting … Read more

Binance, CEO Changpeng Zhao Plan to Seek Dismissal of CFTC Complaint Over Alleged Regulatory Violations

[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