Binance Faces Regulatory Issues in Brazil
A member of the Brazilian Chamber of Deputies requested that Binance’s exec be summoned to testify before Congress and also claimed that pyramid schemes in the country utilized Binance to facilitate asset transfers. Alfredo Gaspar, a member of the Brazilian Chamber of Deputies, has requested that Guilherme Haddad, the director of Binance Brazil, be summoned […]
Binance Launches Regulated Platform in Kazakhstan
Binance Exchange, after obtaining an AIFC license, has launched a regulated cryptocurrency trading platform in Kazakhstan. The platform became available in the country after Binance received permanent approval from the AIFC Financial Services Authority (AFSA) last year. In October of the same year, Binance CEO Changpeng ‘CZ’ Zhao visited the President of Kazakhstan, Kassym-Jomart Kemeluly […]
Binance Confirms Bitcoin Lightning Network Integration in Works
Binance is integrating the Bitcoin Lightning Network to address issues with BTC deposits and withdrawals that occurred last month. The CEO of Binance, Changpeng Zhao CZ, confirmed the development and emphasized the exchange’s commitment to improvement. The decision to utilize the Lightning Network came after Binance faced challenges on May 8, which resulted in many […]
Binance Denies Connection With UK Registered Entity
A subreddit post on June 19 displayed a so-called “utility closet” that Binance Ltd employs as its registered office address in the United Kingdom. Binance has denied the claims that it’s been using the building as its registered office in the U.K. However, a representative for the world’s largest cryptocurrency exchange said the registered organization is […]
Binance Withdraws Registration With the UK FCA
Amid regulatory scrutiny the crypto exchange has recently faced, Binance has discontinued its registration with the UK’s FCA in response to global regulators’ persistent resistance. The UK-based subsidiary of Binance, Binance Markets Limited (BML), has officially canceled its registration with the Financial Conduct Authority (FCA). The FCA stated on its website that no Binance entity […]