Binance Refutes Claims Of Misusing Customer Funds
The crypto exchange denies violating U.S. banking rules by combining customer deposits and company revenue, as alleged by a Reuters report. According to a Reuters report, citing three former insiders in 2020 and 2021, Binance commingled customer funds with company revenue in violation of U.S. financial rules that require customer funds to be kept separate. […]
Pakistan Denies FATF’s Role In Crypto Ban
Contrary to what Pakistan’s finance minister stated, the Financial Action Task Force (FATF) has clarified that it does not require Pakistan to ban crypto trading or services. Local media reports say Finance Minister Aisha Pasha told the Senate committee that Pakistan must ban crypto trading to stay off the FATF’s “grey list” of jurisdictions. State […]