Australian Authorities Investigate Binance Offices Amid Regulatory Probe
The Australian securities regulator searched Binance Australia’s offices on Tuesday as part of a probe into its recently closed derivatives business. According to the article, this action results from a thorough examination into the closure of Binance Australia’s derivatives business by the Australian Securities and Investments Commission (ASIC). The ASIC investigation aims to carefully examine […]
Germany’s BaFin Rejects Binance Crypto Custody License
Binance, a major cryptocurrency exchange, recently faced setbacks in pursuing licenses and regulatory approvals in Europe. The German financial regulator, BaFin, reportedly denied Binance’s request for a cryptocurrency custody license . Binance claims to be working towards complying with BaFin’s rules. However, it is still being determined whether they communicated this refusal through ongoing conversations […]
Binance Loses European Banking Partner Paysafe
Paysafe Payment Solutions, the current euro banking partner of the cryptocurrency exchange Binance, informed users that they would no longer be supported. Binance sent customer letters stating that Paysafe’s euro support would end after September 25, 2023. The letters did not mention the new service provider, but they said that there would be changes for […]
Binance Reconsiders Plan to Delist Privacy Coins in Europe
Binance has reversed its decision to delist several privacy coins in Europe after considering feedback from the community and announcing that it has revised its operations to comply with local regulations. In a comment received on June 26 from the cryptocurrency exchange, Binance stated: “After carefully considering feedback from our community and several projects, we […]
Binance Sees The UAE as Destination for Crypto Businesses
Binance Dubai general manager Alex Chehade says the UAE will become the world’s next major crypto hub and its next major focus following several enforcement actions in the United States against the cryptocurrency exchange. Alex Chehade, general manager of Binance Dubai, said that the UAE is a primary destination for crypto businesses seeking a clear […]