Binance banned in Malaysia for illegal operations
Malaysia becomes the next country to regulate the activities of Binance. This comes after several nations have also regulated and even banned the crypto exchange, these regulations don’t seem to be ending anytime soon. The Securities Commission of Malaysia (SC) has ordered Binance to face enforcement action for illegally running a Digital Asset Exchange (DAX) […]
Binance limits withdrawal for users without full KYC verification
Binance exchange has announced it is cutting down withdrawal limits for existing users to 0.06 BTC per provided they do not have full KYC verification. Binance, the world’s largest cryptocurrency exchange by trading volume , has introduced withdrawal limitations and a new tax reporting mechanism as part of its ongoing attempts to maintain engagement with […]
Binance partners with Hermitage museum to tokenize some art paintings
Binance’s NFT marketplace has partnered with the State Hermitage Museum to create tokenized collectibles based on the works of some great artists. Binance said on July 27 that it will collaborate with the museum to generate and distribute nonfungible tokens by the end of August. During the auction, all Binance users will be allowed to […]
Binance will do better with regulations from now on – CZ Binance
“I don’t think I’m the best person to lead that effort. I think having somebody with a very strong regulatory background is actually better said Binance CEO Changpeng Zhao while talking about keeping up with regulations. Binance’s CEO and founder, Changpeng Zhao, has stated that the largest cryptocurrency exchange will collaborate with local regulators as […]
Binance’s charity foundation in Malta is facing regulatory action
The Binance-run Blockchain Charity Foundation may face legal trouble as Malta has issued a warning to the exchange after three years of failure to file accounts. In a letter dated July 23, the commissioner’s office stated that the world’s largest crypto exchange had “ignored” yearly warnings to file its accounts for 2018, 2019, and 2020. […]