People familiar with the matter stated that Binance Holdings is poised to receive regulatory approval from France. The largest cryptocurrency exchange by trading volume, this would allow it to expand its operations in Europe. Binance is currently in final negotiations with the financial supervisory body ACPR and the markets authority AMF regarding a registration for […]
The financial regulator in Bahrain has given Binance, the largest cryptocurrency exchange in the world, its green light. That gives the exchange access to what could ultimately be a very lucrative market. In addition, Binance has secured entry into Canada’s cryptocurrency future with approval in the country, as well. Binance received in-principle approval by the […]
Binance Turkey, part of the Binance global cryptocurrency exchange company, has been fined eight million lire (nearly $750,000) by the Financial Crimes Investigation Board (MASAK). The exchange failed an audit of the financial watchdog for anti-money laundering (AML) compliance. MASAK, Turkey’s financial intelligence unit, found Binance’s Turkey operations guilty of breaking laws to prevent money […]
Changpeng Zhao, Binance’s CEO, said that the cryptocurrency exchange will expand to the UK over the next six to 18 months, despite being told by the regulator of the country to cease trading earlier this season. Zhao said that the company was looking at setting up a separate company to operate in the UK, similar […]
The world’s biggest cryptocurrency exchange has some tough work to do. It has been ordered by London’s High Court to help locate and freeze the accounts of cybercriminals who stole $2.6 million worth of cryptocurrency in a recent hack. An adjudicator conceded the solicitation of Fetch.ai, an artificial intelligence (AI) FinTech firm, for Binance to […]
Binance clients in the UK are without a fiat cash withdrawal choice on Binance again. As per the Financial News media outlet yesterday, the cryptocurrency exchange sent messages to clients, informing them that they have lost another fiat partner. However, the company apparently has not given any feedback concerning the justification for the most recent […]
Barclays has revealed it no longer backings wiring assets to Binance, one of the biggest cryptocurrency exchanges by daily volume. The bank declared its issues with wiring assets to Binance in a notice sent to its clients yesterday and moved against the exchange following an announcement by the Financial Conduct Authority (FCA) ordering Binance to […]
The Financial Conduct Authority (FCA), the UK’s financial watchdog, has told cryptocurrency exchange Binance that it needs to take a break. It had previously questioned the company’s access to the UK market, and has now formally determined that it is not permitted to be operating in the country. Binance can no longer serve British clients […]
