Binance crypto exchange outage causes traders to lose millions
Several investors are suing for damages as a result of Binance’s crypto exchange outage that has caused losses worth millions of dollars. The exchange’s policy allows for compensation on trading losses caused by system errors. Binance’s policy allows investors to get compensation on trading losses due to system or internal issues but does not cover […]
Coinbase stockpiles a $4B war chest in anticipation of the ‘crypto winter’
Coinbase, the largest US cryptocurrency exchange, has amassed a $4 billion war fund in anticipation of lower crypto retail trading volumes and greater operational expenses due to regulatory barriers. It apparently intends to utilise the funds to offset expenditures incurred as a result of a range of circumstances, including complying with new laws enacted by […]
Binance is operating without a license in the Netherlands
Apparently, the days of regulatory woes for Binance are not over, although there was a little pause, the Dutch central bank has come out to say that the exchange is working without a registered license in the country. According to the Dutch central bank, De Nederlandsche Bank (DNB) , Binance is operating in the Netherlands […]
Greg Monahan becomes Binance’s new AML officer
Former US Treasury official Greg Monahan replaces Karen Leong as the global money laundering reporting officer of the largest cryptocurrency exchange by trading volume Binance. Former US Treasury Criminal Investigator Greg Monahan has joined prominent cryptocurrency exchange Binance to supervise the company’s international Anti-Money Laundering (AML) activities, according to the exchange. Monahan worked for the […]
Binance stops trading pairs involving KRW in South Korea
Binance Korean subsidiary has halted pairs in KRW as part of efforts aimed at proactive compliance with regulatory demands. Binance has halted trading pairs in the Korean won (KRW) as part of a slew of modifications to its South Korean operations. The crypto exchange giant announced the suspension of KRW trading pairs and KRW payment […]