Binance Futures will limit existing users’ leverage to 20x
Existing customers with registered futures accounts that have been active for less than 30 days will be subject to new leverage limits on Binance Futures in the near future. Consumer protection is a priority for Binance, the world’s largest cryptocurrency exchange, which is implementing additional leverage trading limitations on its futures platform in an effort […]
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 […]
Clear Junction cut ties with Binance over regulatory concerns
Binance’s regulatory issues seem to be getting worse by the day. this issue has caused one of their key payment partners in Europe, Clear junction to cut short their partnership. Due to the exchange’s protracted conflict with the UK’s top regulatory watchdog FCA , its primary European payment partner has discontinued links after regulatory warnings […]
‘Regulations are positive signs that a business is growing’ – CZ Binance
Amidst regulatory compliance challenges here and there, the CEO of Binance has come out to say that “compliance is a journey” particularly in the growing cryptocurrency industry. Changpeng Zhao, Binance’s CEO and founder, has emphasized the exchange’s commitment to cooperating with regulators amid growing concerns about the exchange’s global regulatory challenges. Zhao wrote an open […]