Binance Introduces Groundbreaking Banking Triparty Agreement
In an innovative triparty arrangement with a banking partner, Binance provides institutional investors a safe way to handle counterparty risks in cryptocurrency. With a financial partner, Binance has effectively carried out the first-ever cryptocurrency triparty agreement, while the name of the banking partner remained undisclosed. This important breakthrough provides a first-in-crypto solution that mimics conventional […]
Cristiano Ronaldo Faces $1Bln Lawsuit Over Binance Promotion
Cristiano Ronaldo’s recent urging of digital asset firm Binance has prompted crypto investors to file a lawsuit. Recently, Cristiano Ronaldo, a Portuguese-origin football star, sparked a commotion in the cryptocurrency community with his support for Binance, the leading global digital asset exchange. Numerous crypto traders and investors in the broader crypto markets attributed their losses to […]
Changpeng Zhao Steps Down as Binance.US Chair
Changpeng “CZ” Zhao, a co-founder of Binance, has resigned as Chairman of Binance Holdings Ltd., the US international exchange division. Changpeng Zhao has not only consented to resign from the board but also transferred his voting shares through a proxy arrangement, as the US affiliate disclosed in its notice to the community. The announcement reads: […]
Binance CEO Richard Teng Outlines Plan for Crypto Exchange
Richard Teng, the current CEO of Binance and former global director of regional markets, declared his intention to spearhead expansion at the cryptocurrency exchange after the departure of Changpeng “CZ” Zhao. As per an agreement with United States officials, Teng stated in a blog post on November 27 that he had the backing of CZ […]
EBA Suggests Tighter AML Rules Amid Binance’s DOJ Settlement
As the DOJ sanctions Binance for alleged AML violations, EBA advocates for more stringent anti-money laundering regulations that emphasize unified criteria. The European Banking Authority (EBA) has proposed guidelines for public consultation to improve anti-money laundering (AML) and combat the financing of terrorism (CFT) standards in the crypto industry. Meanwhile, these guidelines , published on November […]