Binance Belgium Directed to Cease Operations
The Financial Services and Markets Authority (FSMA) of Belgium warned Binance about European Economic Area regulations violations. In response to Binance’s lawsuit against the US Securities and Exchanges Commission (SEC), the Belgian financial regulator ordered the exchange to cease certain operations on Friday. Belgium’s Financial Services and Markets Authority (FSMA) must promptly cease exchange services […]
Why TrueUSD Turmoil Could Impact Binance’s Trading
The market capitalization of TrueUSD expands, and Binance continues to offer no-fee trading on TUSD pairs; consumers remain indispensable. The TrueUSD (TUSD) stablecoin network, whose market capitalization has increased from $750 million to over $3 billion due to odd claims, has been questioned. This can also have implications for Binance, which continues to offer no-fee […]
SEC Chief: Gary Gensler Criticizes Crypto Industry
In his most recent crypto remarks, Gary Gensler singled out Binance, Coinbase, and exhorted crypto projects to comply with regulations. Gary Gensler, chairman of the U.S. Securities and Exchange Commission, used his speech at the Piper Sandler Global Exchange & FinTech Conference to criticize significant crypto exchanges, including Binance, Coinbase, and Bittrex, and to outline […]
CZ Refutes Claims Of User Fund Diversion From Binance
Binance CEO “CZ” refuted allegations that the cryptoc exchange diverted $12 billion of user funds to other companies controlled by the CEO. According to reports, CZ diverted customer funds to a company called Merit Peak. In response to the US Securities and Exchange Commission’s (SEC) complaint, Senators Elizabeth Warren and Chris Van Hollen have asked […]
Coinbase Plans Expansion Within Europe Despite Market Crash
Coinbase is considering expanding its operations within Europe despite the current crypto market turmoil Expansion in Europe Coinbase is exploring increasing its presence within Europe, In order to broaden its activities outside of its native American market Nana Murugesan, the vice president of business development and international for Coinbase, said in an interview with Bloomberg […]