UK regulators take action against Crypto.com amid global regulatory spikes
With regulatory activity picking up at the start of the year, the UK has banned two Crypto.com (CRO) adverts. Regulators across the world have had a busy start to the year. The Bank of England mentioned the need for a worldwide framework to oversee the crypto market late last year. Binance has pulled out of […]
Liquidity providing platform Woo Network raises $12M from funding led by Binance Labs
Binance labs lead a $12M Series A funding round for Woo Network, a decentralized finance (DeFi) providing liquidity to platforms such as DYdX, Matcha, ParaSwap, 1inch, and Dodo. Woo Network, which was founded by Kronos Research, a leader in quantitative trading , has received a $12 million strategic investment in a Series A+ funding round […]
Binance shuts C2C trading for users in Mainland China
Binance exchange has announced that it will stop C2C trading for its users in mainland China, although the exchange has proposed it be replaced by a partner firm Pexpay for C2C transactions. Binance, the world’s largest cryptocurrency exchange, has announced that C2C trading will be suspended for mainland Chinese consumers . However, according to 8BTCnews, […]
Binance receives regulatory license of operation in Canada
The year-end seems to be a good one for Binance as it has received a crypto financing license from the Canadian government. The crypto exchange also recently received in-principle approval from the Central Bank of Bahrain. Binance has been granted a crypto financing license by the Canadian government, which allows it to set up a […]
The Central Bank of Bahrain grants Binance an in-principle approval
Binance is getting closer to becoming a fully-regulated crypto exchange after the Central Bank of Bahrain gave it “in-principle” permission . If Binance is allowed to run its business in the Kingdom of Bahrain, the company could soon be fully regulated. As of Monday, Binance said CBB is “the first regulator in the Middle East […]