CFTC charges Binance and its founder for operating an illegal digital asset derivatives exchange LeapRate

March 28, 2023 BY Steffy Bogdanova

CFTC charges Binance and its founder for operating an illegal digital asset derivatives exchange

The complaint alleges that Binance has offered and executed commodity derivatives transactions for US clients since July 2019. Moreover, the CFTC said that Binance directed its employees and customers to get around compliance controls detailing that they were encouraged to use messaging applications set to automatically delete written communication to avoid leaving evidence. The complaint…

March 13, 2023 BY Steffy Bogdanova

Leigh Travers steps down as CEO of Binance Australia, Ben Rose takes the reins

He added: In the coming weeks, I will be working closely with Ben to ensure a smooth handover of operations in the region and introduce him to our network of partners and stakeholders that we work with across the community as part of Binance’s commitment to growing the Web3 industry. According to his LinkedIn profile,…

March 01, 2023 BY Steffy Bogdanova

Binance invests in venture fund Nomad Capital

Erick Zhang, Managing Partner, Nomad Capital, said: Nomad Capital is committed to partnering with our portfolio companies to help them achieve their full potential. Binance’s values and culture have a profound impact on our team and our approach to investing. We are incredibly grateful for Binance’s support and trust. This investment will further propel us…

February 13, 2023 BY Steffy Bogdanova

Paxos ordered to stop issuing Binance stablecoin BUSD

The news follows an The Wall Street Journal report that The Securities and Exchange Commission (SEC) was planning to file a lawsuit against Paxos for violating investor protection laws. Binance CEO Changpeng Zhao responded quickly on Twitter to Paxos’ decision to stop offering BUSD. He wrote: We were informed by Paxos they have been directed…

January 12, 2023 BY Steffy Bogdanova

Binance obtains crypto license in Sweden

Richard Teng, Head of Europe and MENA at Binance, commented: Binance continues to demonstrate its commitment to work closely with regulatory agencies to uphold global standards. Our registration in Sweden is the result of many months of diligent, hard work from our team, underpinning our commitment to the Swedish market and our users. We are…

November 30, 2022 BY Steffy Bogdanova

Binance acquires Japanese crypto platform Sakura Exchange BitCoin

Takeshi Chino, general manager of Binance Japan, said: The Japanese market will play a key role in the future of cryptocurrency adoption. As one of the world’s leading economies with a highly-developed tech ecosystem, it’s already poised for strong blockchain uptake. We will actively work with regulators to develop our combined exchange in a compliant…

November 24, 2022 BY Steffy Bogdanova

Binance US to renew bid to acquire Voyager

Binance’s initial bid for acquisition was rejected and rumors surfaced that the reason for the rejection was alleged concerns of national security threats to the US government. In his interview with Bloomberg, CZ denied the rumors and said that FTX might have spread them. He stated: There was never any concerns about us participating in…

November 10, 2022 BY Steffy Bogdanova

Binance pulls out of FTX acquisition

Earlier this year, FTX was valued by private investors at $32 billion. The proposed acquisition came after a massive liquidity crisis hit FTX which was a result of concerns with withdrawal issues and Binance’s decision to liquidate its entire holdings of FTX's exchange token FTT. Binance CEO Changpeng Zhao told his employees in as memo…

November 09, 2022 BY Steffy Bogdanova

Binance agrees to buy FTX's non-US unit in bailout

FTX CEO Sam Bankman-Fried had this to say on twitter: Things have come full circle, and http://FTX.com’s first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for http://FTX.com (pending DD etc.). Bankman-Fried highlighted that the important thing in the situation is that “customers are protected.”…

October 21, 2022 BY Steffy Bogdanova

Binance secures crypto license in Cyprus

Under the new CASP license, Binance can offer crypto services such as pot, custodian, staking, and card services. The CySEC authorisation follows similar registrations in Europe for Binance including in France, Italy and Spain. The crypto exchange also expanded its presence in the Middle East with registrations in Abu Dhabi, Dubai, and Kazakhstan. Changpeng Zhao…

Tag: Binance