Category: Exchanges

Malaysian regulator orders Binance to disable its website and mobile apps in the country

Malaysian regulator orders Binance to disable its website and mobile apps in the country

The Securities Commission (SC) of Malaysia has ordered crypto exchange Binance to disable its website and mobile apps in the country. Announcing an enforcement action on Friday, the SC said Binance is operating illegally in Malaysia despite being included in an investor alert list in July 2020. The SC has, therefore, issued a public reprimand […]

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Binance winds down derivatives offerings in three European countries 

Binance winds down derivatives offerings in three European countries 

Crypto exchange Binance announced Friday that it will no longer offer crypto futures and options trading to users in three European countries: Germany, Italy, and the Netherlands. With immediate effect, new users from these countries will no longer be able to open accounts with Binance to trade crypto derivatives. As for existing users, Binance said […]

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Crypto Exchange Binance Plans to Be Regulated Financial Institution, Seeks CEO With Strong Compliance Background

Crypto Exchange Binance Plans to Be Regulated Financial Institution, Seeks CEO With Strong Compliance Background

Binance CEO Changpeng Zhao (CZ) says that his company wants “to be licensed everywhere” and “From now on, we’re going to be a financial institution.” Following warnings by a growing list of regulators worldwide, Zhao also revealed that Binance is seeking “a strong compliance background CEO to show our commitment to compliance as this is […]

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An inside look at Bullish, the billion-dollar crypto exchange that’s just begun its test pilot

An inside look at Bullish, the billion-dollar crypto exchange that’s just begun its test pilot

Bullish, the Block.One-backed cryptocurrency exchange, has been making a flurry of headlines, joining the long list of crypto firms preparing a SPAC deal to go public, raising millions in the private markets, and onboarding former New York Stock Exchange president Thomas Farley as its CEO.  The firm has been able to do all of this […]

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Binance shrinks non-KYC withdrawal limits as crypto exchanges face regulatory pressure

Binance shrinks non-KYC withdrawal limits as crypto exchanges face regulatory pressure

Crypto exchange Binance said Tuesday that it is reducing the withdrawal limit for users who have completed its lowest-tier account verification, a move that comes as the company and the wider exchange space has faced greater scrutiny from global regulators. Previously, those with Basic Account Verification completed could withdraw up to 2 BTC per day. […]

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Stacks AMM Revealed, Native Bitcoin Swaps Executed With Proof-of-Transfer Protocol

Stacks AMM Revealed, Native Bitcoin Swaps Executed With Proof-of-Transfer Protocol

According to a recent report, the first trust-less swap between the Bitcoin blockchain and Stacks protocol has been executed. The co-founder of the Stacks protocol, Muneeb Ali tweeted about the native bitcoin swap and said the progress is a big deal. Trust-less Native Bitcoin Swap Executed With an NFT Called ‘Boombox’ On July 23, a […]

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Banks in Kazakhstan to Open Accounts for Registered Crypto Exchanges

Banks in Kazakhstan to Open Accounts for Registered Crypto Exchanges

Companies providing trading services for digital assets will be able to open accounts with banks in Kazakhstan, local media reported, quoting the country’s crypto industry association. The service should allow Kazakhs to legally invest in cryptocurrencies and cash out their profits. Crypto Exchanges in Kazakhstan to Be Offered Banking Services Kazakh banks will be permitted […]

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Brazilian Authorities Seize $33 Million in Money Laundering Investigation Linked to Cryptocurrency Exchanges

Brazilian Authorities Seize $33 Million in Money Laundering Investigation Linked to Cryptocurrency Exchanges

The Brazilian authorities seized $33 million linked to a money-laundering investigation involving cryptocurrency exchanges. The operation, called “Exchange Transaction” by the Brazilian police, involved six search warrants in different locations of the country. These searches were directed to find shell companies that used cryptocurrency exchanges for alleged money laundering purposes. Brazilian Police Seize $33 Million […]

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FTX Slashes Leverage Limit from 100x to 20x — Community Suspects Competitors Will Follow Example

FTX Slashes Leverage Limit from 100x to 20x — Community Suspects Competitors Will Follow Example

FTX CEO Sam Bankman-Fried told his Twitter followers on Sunday that his crypto exchange has lowered its margin trading limit from 101x to 20x. Prior to the change, FTX supported 50x, 100x, and 101x leverage but Bankman-Fried said these high leverage positions represent “a tiny fraction of volume.” FTX CEO Announces Cutting Leverage Limits, 2x […]

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