securities and exchange commission

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

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[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, SEC Agree to Keep US Customers’ Assets in Country Until Resolution of Lawsuit

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[ad_1] Binance, the world’s biggest cryptocurrency exchange, and Binance.US have entered into an agreement with the U.S. Securities and Exchange Commission to ensure that U.S. customer assets remain in the United States until a sweeping lawsuit filed this month by the regulatory agency is resolved. The agreement, disclosed in court papers filed late on Friday, … Read more

HSBC, Standard Chartered Face Pressure From Hong Kong to Take on Crypto Clients: Report

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[ad_1] HSBC and Standard Chartered are among lenders facing pressure from Hong Kong’s banking regulator to take on crypto exchanges as clients, the Financial Times reported on Thursday, citing three people with knowledge of the matter. The UK-based lenders and the Bank of China were questioned by the Hong Kong Monetary Authority (HKMA) last month … Read more