Binance ecosystem
Binance ecosystem

Binance withdraws crypto license application in Germany

The crypto exchange’s move to withdraw its license in Germany comes amid reports that the exchange faced rejection from regulators. NEWS Binance has withdrawn its cryptocurrency custody license application in Germany. The exchange confirmed its withdrawal to Cointelegraph on July 26, nearly a month after reports of rejections from The German Federal Financial Supervisory Authority […]

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Binance ecosystem

Binance CEO warns of phishing scams as Uniswap founder gets hacked

The number of social engineering attacks in the cryptocurrency industry has been rising, with major execs getting hacked recently. NEWS Binance CEO Changpeng “CZ” Zhao is the latest figure in the cryptocurrency industry to warn against the increasing number of phishing attacks. CZ took to Twitter on July 21 to warn his readers about phishing and other social engineering […]

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Binance ecosystem

Binance completes integration of Bitcoin Lightning Network

The news comes less than a month after Binance announced their plans to integrate Bit Lightning Network. NEWS Cryptocurrency exchange Binance has completed the integration of the Bitcoin Lightning Network on its platform for BTC withdrawals and deposits. The development was confirmed by Binance in a July 17 blog post, where they noted that Binance users can now use […]

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Binance ecosystem

Binance Australia offices reportedly searched by local regulator

Binance said it is cooperating with Australian regulators to meet local regulatory requirements amid reports of office searches. NEWS Binance Australia is working with local authorities on meeting compliance requirements amid reports alleging the company’s offices were searched on July 4. “We are cooperating with local authorities, and Binance is focused on meeting local regulatory standards […]

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Binance ecosystem

Belgian financial regulator orders Binance to cease all virtual currency services

The regulator said Binance must cease “with immediate effect” all crypto-related services in Belgium after being unable to provide sufficient information on its non-EEA companies. NEW The Belgian Financial Services and Markets Authority (FSMA) has ordered major cryptocurrency exchange Binance to stop offering crypto exchange and custody wallet services.  In a June 23 notice, the […]

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Binance ecosystem

Binance faces scrutiny in Brazil, exec summoned to testify before Congress

This development comes amid a global regulatory crackdown on Binance, which is facing investigations in multiple countries. NEWS Deputy Alfredo Gaspar, a member of the Brazilian Chamber of Deputies, has requested the summoning of Guilherme Haddad, the director of Binance Brazil, to appear before the Brazilian parliament as part of an ongoing Parliamentary Commission of […]

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Binance ecosystem

Binance faces scrutiny in Brazil, exec summoned to testify before Congress

This development comes amid a global regulatory crackdown on Binance, which is facing investigations in multiple countries. 1048Total views 40Total shares Listen to article 2:21 NEWS Collect article Collect with 40% discount from Join us on social networks Deputy Alfredo Gaspar, a member of the Brazilian Chamber of Deputies, has requested the summoning of Guilherme […]

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Binance ecosystem

Binance cancels registration for inactive business in the UK

Binance’s deregistration with the FCA did not have an operational impact, as it had never done business in the United Kingdom, the firm said. NEWS Disclaimer: The article has been updated based on Binance’s response to Cointelegraph, stating that what Binance Markets Limited has cancelled were its existing permissions which were not in use and unrelated […]

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Binance ecosystem

Binance UK office one of 2,403 companies sharing ‘utility closet’ in Suffolk

Binance has drawn attention for using a small building as its registered office in the UK, but tech firms have used a similar trick for years NEWS The United Kingdom-registered address for an entity of one of the world’s largest crypto exchanges, Binance, is nothing but a tiny building in Britain’s east that is shared […]

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Binance ecosystem

Binance sends cease and desist notice to fraudulent Nigerian entity

This comes after the Nigerian Securities and Exchange Commission released a circular stating the illegality of Binance Nigeria Limited in the country. NEWS Binance CEO Changpeng Zhao has announced that Binance has officially issued a cease and desist notice to the fraudulent entity known as Binance Nigeria Limited.  On Sunday, June 18, Zhao took to Twitter to […]

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