On September 25, Binance announced its collaboration with Indian authorities to investigate an online scam allegedly linked to the Fiewin gaming app. This joint effort resulted in the arrest of four individuals involved in the scam. Fiewin initially positioned itself as a legitimate platform where users could easily earn money ...
Binance-backed Indonesian crypto exchange Tokocrypto (TKO) has obtained a physical crypto asset trader (PFAK) license from the Indonesian regulator Commodity Futures Trading Regulatory Agency (also known as Bappebti). In a September 9, 2024 announcement, Binance revealed that the local exchange initially registered as a potential physical crypto asset trader (CPFAK) ...
Binance is one step closer to becoming Kazakhstan's first fully regulated crypto exchange. According to a September 6 announcement, Binance Kazakhstan, the exchange's local branch, has received "formal consent" for a full regulatory license from the Astana Financial Services Authority (AFSA), Kazakhstan's financial regulator. The crypto exchange noted that its ...
Binance CEO Richard Teng has declared that the exchange is making significant investments in regulatory compliance to establish a strong and sustainable platform for its global user base. Speaking at a panel session during the ongoing Korea Blockchain Week 2024 in Seoul today, September 3, Teng reportedly emphasized that although ...
Binance CEO Richard Teng has called on U.S. authorities and international advocates to intervene as Tigran Gambaryan, a former U.S. federal agent and Binance executive, approaches six months of detention in Nigeria under deteriorating conditions. In a statement published on Binance's website on August 27, Teng highlighted that Gambaryan is ...
You will be able to trade the newly launched stablecoin, Eurite (EURI), on Binance starting August 28, 2024. According to the announcement published today, Monday, August 26, the crypto exchange will open spot trading pairs EUR/EURI and EURI/USDT on that day, and users can begin depositing the EURI stablecoin in ...
Binance will dedicate at least 20% of its new hires to compliance efforts, CEO Richard Teng stated in a recent interview with Bloomberg. The crypto exchange is reportedly preparing to expand its workforce by 1,000 employees this year. According the CEO, they will grow their compliance team to 700 employees ...
Binance has resumed offering its services in India after a seven-month suspension due to regulatory issues. The exchange confirmed in an X post published today, August 15, 2024, that it has officially registered as a reporting entity with India's Financial Intelligence Unit (FIU). In January 2024, FIU blocked the website ...
Binance has announced its plans to convert a series of delisted tokens to USDC starting September 2. This move affects 15 tokens, including Bitcoin Gold (BTG), Monero (XMR), Tribe (TRIBE), Sologenic (SOLO), Spartan Protocol (SPARTA), and Symbol (XYM), among others. These moves reflect Binance's strategy to streamline its offerings and ...
Binance is reportedly facing new regulatory challenges in India. According to local media, The Times of India, the Ahmedabad zonal unit of the Directorate General of GST Intelligence (DGGI) has issued a show cause notice to Binance, demanding payment of 7.22 billion rupees (approximately $86 million) in goods and services ...
