Visa, Mastercard still partners with Binance amidst global regulatory Scrutiny
Despite increased regulatory issues with Binance, Visa and Mastercard have not cut links with the cryptocurrency exchange. Cardholders can still deposit funds into their accounts at the exchange using Visa and Mastercard. The Financial Times reported on Friday that Visa was “aware of the recent FCA announcement about Binance,” and that it was in “conversation […]
Binance puts a stops to stock token sales
Binance exchange gave no indication as to the reason why it is putting a stop to the sales, it only said that it would be shifting its “commercial focus to other product offerings.” Binance, the world’s largest cryptocurrency exchange, stated today that the purchase of stock tokens on the platform will be phased out after […]
Binance is not authorized to operate in Hong Kong – SFC
Hong Kong has joined the list of nations calling for regulatory actions against the activities of Binance. Countries like Japan, UK, Thailand and Singapore amongst others have also issued warnings to the exchange. The world’s largest cryptocurrency exchange Binance is having a tough time with issues of regulation springing forth against it all over the […]
Binance’s Brazil Director Resigns
Amidst the regulatory issues Binance is facing all over the world, the exchange’s director in Brazil resigns. The information was gotten from a LinkedIn profile. Ricardo da Ros, who had been the Director of Binance in Brazil for six months, resigned last night from the company. The main reason for his resignation, according to a […]
Binance exchange faces another regulation in Italy
Italian Companies and Exchange Commission has warned Italians to avoid trading with Binance as the cryptocurrency exchange is not authorized to facilitate crypto investment services in the country. The Italian Entities and Exchange Commission (CONSOB) , Italy’s securities market regulator, has published a statement stating that Binance Group and connected companies are not authorized to […]