Binance Australia got 12 hours’ notice before it was debanked, says exec
Binance Australia head Ben Rose claimed the exchange got less than a day's warning from its payments partner before it was "cut off" from the local banking system in May.
Binance Australia head Ben Rose claimed the exchange got less than a day's warning from its payments partner before it was "cut off" from the local banking system in May.
The legal teams for Binance, Binance.US and CZ filed a motion for the court to order the SEC to comply with “applicable rules of conduct” following allegedly misleading statements.
Following Binance’s departure from Cyprus, Bybit strengthens the island’s crypto ecosystem after acquiring an operating license.
Binance said after carefully considering feedback from the community and several projects it revised operations to comply with EU standards.
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.
This development comes amid a global regulatory crackdown on Binance, which is facing investigations in multiple countries.
The legal motion referred to the SEC publicly claiming CZ and Binance could “commingle customer assets or divert customer assets,” despite a court transcript suggesting otherwise.
Amid growing regulatory uncertainty in the West several crypto platforms have shifted their focus toward the Asia Pacific region.
The U.S. SEC is issuing a spate of regulatory actions against major exchanges, including the world’s largest digital asset exchange, Binance.
De Nederlandsche Bank cannot share details of Binance’s registration failings in the country due to the confidentiality requirements of its supervisory laws.