Binance
Binance is asking its prime brokers to do enhanced Know Your Customer (KYC) work on clients to ensure that they aren’t serving U.S. nationals, according to a report from Bloomberg. Prime Brokers act as intermediaries between institutional investors and the market, offering services such as custody, trade execution, risk management, and lending with the aim […]
Changpeng Zhao, the founder of the giant cryptocurrency exchange Binance, must remain in the United States as he waits to be sentenced for violating federal money-laundering rules, a judge ruled on Thursday. Mr. Zhao, who goes by his initials, CZ, pleaded guilty to the charge last month as part of a wide-ranging settlement of several […]
Zhao Changpeng, founder and chief executive officer of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 16, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing Rights
Binance, Binance.US and Changpeng Zhao filed to dismiss a Securities and Exchange Commission (SEC) lawsuit Thursday, claiming the regulator hadn’t “plausibly alleged” various securities-related violations, and that it was seeking to encompass digital assets under its authority despite Congress not explicitly spelling that out in legislation. The SEC sued Binance, Zhao and Binance.US in June, […]
Crypto exchange Binance.US has faced a series of legal and financial challenges as regulators have increased their scrutiny of crypto companies of all kinds. Now it’s teaming up with another embattled crypto firm in an attempt to regain access to a steady flow of dollars. For more than a month, customers of the crypto exchange […]
July 5 (Reuters) – The market share of Binance, the world’s largest cryptocurrency exchange, and its U.S. affiliate have shrank this year, as they battle an onslaught of regulatory crackdowns. Last month, Binance was hit by a
The Securities and Exchange Commission reached a deal with Binance late Friday that would allow the world’s largest cryptocurrency exchange to keep operating in the United States and safeguard customer assets as the company battles a government lawsuit. After filing fraud charges against Binance on June 5, the S.E.C. moved to freeze the firm’s U.S. […]
Binance, Binance.US and the Securities and Exchange Commission (SEC) announced a deal to ensure that only Binance.US employees could access customer funds late Friday in the short-term. According to the proposed agreement, which still needs sign-off from the federal judge overseeing the case, Binance.US will take steps to make sure that no Binance Holdings (referring […]
June 17 (Reuters) – Binance, Binance.US and the U.S. securities regulator announced a deal to ensure that only Binance.US employees could access customer funds in the short term, CoinDesk reported on Saturday, citing a proposed agreement. Under the agreement, which still needs sign-off from the federal judge overseeing the case, Binance.US will take steps to […]
The American branch of Binance, the giant cryptocurrency exchange, said late on Thursday that it would no longer allow customers to trade on its platform using U.S. dollars, after its banking partners cut the firm off in response to a crackdown by federal regulators. The move is a major blow to Binance.US, the American arm […]