Hong Kong Police Warn of Binance Impersonation Scam
Police have warned residents in Hong Kong not to fall for crooks who send phishing texts while acting as Binance. Eleven cases totaling HK$3.5 million in reported losses have been submitted to the authorities over the last two weeks. A local news article from October 9 draws attention to a post on the social media […]
Binance, OKX to Comply With UK’s New Financial Promotions Rules
Major global cryptocurrency exchanges such as Binance and OKX have announced that they are striving to comply with the United Kingdom’s new financial promotion regulations. On October 8, the Financial Conduct Authority (FCA) of the United Kingdom enacted the country’s new Financial Promotions (FinProm) Regime for cryptocurrency firms to ensure equitable, clean, and transparent cryptocurrency […]
Binance Launches UK Domain for FCA Compliance
Binance establishes a UK-specific domain, collaborates with a business subject to FCA regulation, and supports the new Financial Promotions Regime. The cryptocurrency exchange Binance has revealed a unique domain for its UK users. This action will help to ensure adherence to the UK’s revised Financial Promotions Regime. The exchange also collaborates with Rebuildingsociety.com Limited, a […]
CommEX Struggles to Attract Russian Clients
Following Binance’s withdrawal from the country, its Russian customers are switching to other platforms for cryptocurrency trading. It is becoming clear that many customers don’t appreciate CommEX, the company that bought Binance’s Russian operation. According to Satoshkin CEO Dmitry Stepanin, peer-to-peer (P2P) operations have currently decreased by between 10 and 30%. According to data from […]
Binance to Cease BUSD Lending Services by October 25
Cryptocurrency exchange Binance will stop offering borrowing and lending services for Binance USD (BUSD), its stablecoin. The exchange will close all open BUSD loan and collateral positions by the end of the month, according to the notice from October 3. Stablecoins like Tether USDT (tickers down $1.00), Dai, TrueUSD (TUSD), and USD Coin (USDC $1.00) […]