Binance Visa Debit Card Discontinued in Europe Due to Regulation
Due to regulatory scrutiny and cost-cutting , Binance Visa debit card services in Europe will be discontinued. Existing cardholders may continue to use their cards until December 20, per BBG. According to reports, Binance will discontinue its Visa debit card service in Europe. The decision comes as Binance faces intensifying regulatory scrutiny and withdrawals from […]
Binance Freezes Over 100 Accounts Linked to Hamas Funding
Binance has frozen over 100 accounts at the request of Israeli law enforcement, who are trying to stop the flow of funds to Hamas, the Palestinian militant group. The crypto exchange has also been asked to provide information on 200 other accounts, mostly on its platform. Binance, the leading crypto exchange by trading volume, has […]
Binance Stops Onboarding New UK Users Following FCA Restrictions
Binance exchange will no longer welcome users from the United Kingdom starting October 16, at 5:00 p.m. local time following the Financial Conduct Authority’s (FCA) imposed restrictions on its U.K. partner REBS. According to an October 10 announcement by Binance, the Financial Conduct Authority (FCA) of the United Kingdom imposed legally binding requirements on its […]
Binance Launches STP for Spot and Margin Traders
Binance exchange has launched self-transaction prevention (STP) function for all spot and margin traders with intent to prevent unnecessary trading fees associated with unintentional self-trades. On October 26, Binance will implement the self-transaction prevention (STP) function for all spot and margin trading users, the company announced on its blog on October 11. The “expire maker” […]
Binance Remains Silent on Projects Funded by Crypto IRI Fund
A new report shows Binance’s $1B Industry Recovery Initiative (IRI) fund, a project to support the crypto industry during the FTX collapse, may not have been as effective as anticipated as the exchange has still not disclosed projects funded by the initiative. After announcing the IRI in November 2022, Binance spent $15 million in its […]