In staff letter, Binance CEO embraces scrutiny from regulators amid potential...
“People now think we are the biggest and will attack us more,” said Changpeng Zhao in a letter updating staff on the situation with FTX. Changpeng Zhao, the chief executive officer of crypto exchange Binance also known as “CZ,” warned users its intention to acquire FTX may invite scrutiny from global regulators — but the firm is ready.In a letter to Binance staff tweeted on Nov. 9, CZ said though the deal to acquire another major crypto exchange was still in the works, regulators would likely “scrutinize exchanges even more” and make it difficult to acquire operating licenses. He added....
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While battling regulatory scrutiny in the US and facing lawsuits from the US SEC, Binance runs into another potential hurdle and struggles with accusations that may see the crypto exchange permanently withdrawing all operations in Russia. Binance Contemplates Leaving Russian Markets For Good Binance, the company that operates the largest cryptocurrency exchange by trading volume, […]
Thai SEC and the Cayman Islands Monetary Authority are the latest regulators to join the global scrutiny against Binance. Binance, the leading cryptocurrency exchange by trade volume, continues facing scrutiny from regulators regarding the legality of its operations in certain countries.Thailand’s Securities and Exchange Commission (SEC) and the Cayman Islands Monetary Authority (CIMA) are the latest financial regulators to announce a regulatory crackdown on Binance.Thai SEC announced Friday that the agency had filed a criminal complaint against Binance, launching a criminal procedure and....
The crypto industry has massively evolved since Binance’s launch four years ago, but it still needs more regulatory certainty, Binance's CEO said. Amid intensifying concerns over Binance’s global regulatory issues, the company’s CEO and founder Changpeng Zhao has underscored the exchange's commitment to cooperating with regulators.In an open letter on Tuesday, Zhao emphasized that the cryptocurrency industry has massively evolved over the past four years since Binance’s launch, while there is still a lot of regulatory uncertainty around crypto.In response to the growing regulatory....
Amid regulatory scrutiny and potential legal repercussions, Binance moves forward with its developmental processes by launching a new crypto-to-cash bank service in Latin America. Binance Launches “Send Cash” In Latin America Binance, the world’s leading crypto exchange has shocked the industry after announcing the launch of a new crypto-to-bank payment platform, Send Cash in nine […]
Crypto exchange Binance.US has recently encountered many legal and financial obstacles amid heightened regulatory scrutiny. However, to restore a reliable influx of dollars, the exchange has allied with MoonPay, a payment startup renowned for its partnerships in the non-fungible token (NFT) sector, as reported by Bloomberg. This strategic collaboration addresses Binance.US’s challenges while injecting a […]