Coinbase Delist Binance BUSD Amid Regulatory Scrutiny Beginning On March 13
Coinbase, the famous cryptocurrency exchange, stated on February 27, 2023, that dealing of the Binance USD (BUSD) stablecoin will be suspended starting March 13, 2023. The move follows the New York State Department of Financial Services (NYDFS) recent governmental assault on the stablecoin on February 13, 2023.
Binance Secretly Moved $1 Bln User Assets Just Like FTX
According to recent reports, following the cryptocurrency crash of 2022, Binance, the largest exchange for cryptocurrencies in the world, transferred user assets.
Registration Required For Cryptocurrency Platforms In Canada Within 30 Days
The Canadian Securities Administrators (CSA) stated last Wednesday that cryptocurrency platforms must register in order to safeguard cryptocurrency buyers. The Canadian Securities Administrators (CSA) is the parent body for Canada's province and local securities authorities.
The Freezing of Binance Accounts: An Urgent Need for Risk Management and Market Regulation
Binance faced backlash for freezing user accounts without explanation, leading to users planning to sue the company. Binance later stated that misclassification caused the issue and would compensate affected users. The incident emphasizes the importance of due diligence and clear regulatory policies.
Paxos Cuts Ties With Binance Following Regulatory Concerns
Paxos, the company behind the BUSD stablecoin, has ended its partnership with Binance, alleging a divergence of strategic interests.
Unauthorized Crypto Firms Warned By FCA
FCA (Financial Conduct Authority) is the regulatory body in the UK responsible for overseeing financial markets and ensuring that financial institutions and firms operate in a fair and transparent manner. In recent years, the FCA has warned consumers about the risks of investing in cryptocurrencies, citing concerns over their volatility and lack of regulation.
Binance US Repudiates Claims About Illegitimate Digital Currency Exchanges
Binance US, a cryptocurrency trading platform linked with global exchange Binance, has denied accusations that it is similar to fraudulent and insolvent cryptocurrency exchanges. Binance US stressed that the two are distinct organizations with independent management teams.
Tighter Controls Put in Place for Crypto Exchanges and Margin Trading in Canada
The Canadian Securities Administrators (CSA) will introduce a coordinated supervision framework for cryptocurrency transactions later this month. All bitcoin trading platforms seeking registration will be required to sign undertakings that agree to investor safeguards under the new guidelines.
Binance And Houbi Freezed Crypto Worth $1.4 Million Linked To North Korea
According to blockchain analytics firm Elliptic, Binance, and Huobi, two prominent cryptocurrency exchanges, have frozen approximately $1.4 million worth of cryptocurrencies linked to North Korea.
Binance Anticipates Fines From US Regulators In Order To Settle Investigations
Binance, the world's biggest cryptocurrency exchange, has said that it plans to pay monetary penalties to resolve investigations into its operations in the United States.
Latest News
No data