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Binance.US Lost Money Transmitter License in Seven US States
- North Dakota has become the latest state to cancel the money transmitter license of Binance.US.
- The exchange also paused new onboarding in Connecticut, Georgia, Ohio, Minnesota, and Washington.
Wednesday, 19/06/2024 | 07:06 GMT by
Arnab Shome
Binance Leaders Off the Hook in Nigeria Tax Evasion Case after Legal Shuffle
- Tigran Gambaryan and Nadeem Anjarwalla denied the tax evasion charges and were removed as defendants in the case.
- Nigeria blames Binance amid currency challenges, citing cryptocurrency platforms' role in trading the Nigerian naira.
Friday, 14/06/2024 | 13:39 GMT by
Tareq Sikder
Binance Seeks to Throw Out Major Part of $12.8 Billion London Lawsuit
- A London lawsuit accuses Binance, Kraken, and others of anti-competitive behaviour in delisting BSV.
- The suit, with 200,000 BSV owners, alleges delisting hindered BSV from major status, seeking damages up to 9 billion pounds.
Wednesday, 05/06/2024 | 16:51 GMT by
Tareq Sikder
US Legislators Rally Behind Binance's Executive Detained in Nigeria
- Sixteen Republican congressmen, led by Michael McCaul, urged President Biden to intervene for Tigran Gambaryan's release.
- The lawmakers claimed that the charges against Gambaryan were baseless coercion tactics by Nigeria to extort Binance.
Wednesday, 05/06/2024 | 15:19 GMT by
Jared Kirui
MiCA Regulations Force Binance to Overhaul Stablecoin Services
- By the end of the month, unauthorized stablecoins on Binance will switch to a "sell-only" mode for EEA users.
- Restrictions will also apply to P2P trading, Binance OTC, Web3 Wallet's Earn section, and NFT purchases.
Monday, 03/06/2024 | 20:26 GMT by
Jared Kirui
Nigerian Court Clears Binance Executive for Trial in Tax Evasion Case
- The case involves allegations of laundering $35 million and unauthorized financial activities.
- Binance's CEO criticizes the detention of executives during talks, labelling it a dangerous precedent.
Friday, 17/05/2024 | 14:11 GMT by
Tareq Sikder
Binance and Taiwan Collaborate to Resolve $6.2 Million Crypto Fraud
- The perpetrators utilized fake remittance documents, counterfeit IDs, and tampered communication records.
- In 2023, the firm applied for registration under FSC for its cooperation in addressing digital asset fraud.
Friday, 17/05/2024 | 12:49 GMT by
Tareq Sikder
Binance Introduces Spot Copy Trading to Enhance Offerings
- The new offering allows users to diversify their portfolios by simultaneously copying up to 10 lead traders.
- It reportedly offers a straightforward approach to trading compared to futures copy trading.
Wednesday, 15/05/2024 | 17:04 GMT by
Jared Kirui
Binance Recognized in Kazakhstan with ISO Certifications
- The exchange's Kazakhstani entity obtained ISO 27001 and ISO 27701 certifications.
- BSI awarded Binance these certifications after auditing its information security governance and privacy standards.
Monday, 13/05/2024 | 18:14 GMT by
Jared Kirui
US DOJ Selects Forensic Risk Alliance to Monitor Binance Compliance: Report
- This decision is part of a plea deal by the crypto exchange for allegations of violating financial regulations.
- Justice Department selected FRA over prominent contenders, including Sullivan & Cromwell, a renowned Wall Street law firm.
Friday, 10/05/2024 | 19:51 GMT by
Jared Kirui
Binance Faces $4.38M Fine from Canada's Anti-Money Laundering Watchdog
- The firm failed to register with FINTRAC and omitted reporting over 5,900 virtual currency transactions.
- It halted operations in Canada last year, leading to queries about its regulatory compliance.
Thursday, 09/05/2024 | 15:53 GMT by
Tareq Sikder
Binance Trial on Ice in Nigerian Court as Lawyers Demand Missing Documents
- The judge postponed the trial to May 17 to give Binance's lawyers time to review the 300-page document.
- Binance and its executives also face tax evasion allegations brought by Nigeria's EFCC.
Thursday, 02/05/2024 | 16:48 GMT by
Tareq Sikder
Binance Faces Fresh Regulatory Storm: Philippines Orders Google and Apple to Remove Apps
- The country's regulator has accused Binance of marketing its services to Filipino investors without approval.
- This action adds to Binance's growing legal challenges, including hefty fines in the US.
Tuesday, 23/04/2024 | 19:31 GMT by
Jared Kirui
Binance under Fire: Ontario Court Certifies Class Action over Crypto Derivatives
- Investors who bought crypto derivative contracts from Binance since September 13, 2019, are included in the lawsuit.
- The court is accusing the exchange of violating the law by offering crypto derivatives without proper registration.
Monday, 22/04/2024 | 19:56 GMT by
Jared Kirui
Binance Receives Full Operational Approval for Crypto Services in Dubai
- The approval has followed a prior Operational MVP license, enabling institutional services and crypto activities.
- Changpeng Zhao was reportedly required to forfeit voting control as a condition of the license.
Thursday, 18/04/2024 | 09:52 GMT by
Tareq Sikder
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