The United Kingdom’s FCA says it is not capable of supervising Binance
According to a recent supervisory notice, the UK’s financial conduct authority believes that cryptocurrency exchange Binance is “not capable” of being successfully monitored by the agency. The Financial Conduct Authority (FCA) document was first reported by the Financial Times . The supervisory notice, issued June 25th, outlines the limits that the FCA intends to impose […]
We have never manipulated the market – Binance
Binance cryptocurrency exchange, is fighting accusations of market manipulation and operating against its users’ best interests. The exchange hinted of taking legal actions. Binance appeared to place the blame for any charges of crypto market manipulation on outlets that create fear, anxiety, and doubt, as well as those impersonating staff at the exchange, in a […]
Binance tightens its money-laundering checks
Binance cryptocurrency exchange announced on Friday that it would need stronger background checks on users with immediate effect in order to enhance efforts against money laundering, this may be due to pressure from regulators around the world. Financial regulators from the United Kingdom to Germany to Japan have issued warnings and imposed business restrictions on […]
Binance stops futures trading for Brazillian clients
Binance has announced that trading of futures contracts on its Brazilian platform would be suspended as of Friday in order to comply with local legislation. The news comes after the country announced the need to regulate cryptocurrencies. According to a Binance representative, the decision is based on an order from Brazilian regulators. “Binance put limits […]
Binance users to be subjected to immediate KYC verification amid ongoing scrutiny
Binance has been the target of regulatory scrutiny from countries all around the world, allegedly conducting unlicensed companies. The crypto exchange has publicly announced new know your customer (KYC) criteria for all users on the site as a response to the continuing scrutiny. “Effective immediately, all new users are required to complete Intermediate Verification to […]