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Tag Archives: Binance

Former DigitalX CEO to Head Binance Australia

The leading cryptocurrency exchange in Australia – Binance Australia – has announced it appointed Leigh Travers as its new Chief Executive Officer. He was previously CEO and Director of the blockchain technology company – DigitalX. Binance Australia Has a New CEO According to an official announcement, Binance Australia has tapped Leigh Travers as its new CEO. The top executive has experience in digital assets and blockchain technology since he was in charge of DigitalX for...

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Bitcoin Is Serving a Huge Purpose in Afghanistan

After the embarrassing and heartbreaking debacle last week that occurred in Afghanistan following the heightened incompetence of Joe Biden, news is spreading of the growing presence bitcoin has in the country. Many banks and standard financial institutions have either been shut down or are not presently in working order, and thus several residents are seeking out the aid of BTC and digital assets as a means of surviving. Bitcoin’s Presence Is Growing in Afghanistan One...

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Two Months Later: The UK FCA Settled its Regulatory Issues With Binance

The UK Financial Conduct Authority has settled all of its issues with the world’s largest cryptocurrency exchange – Binance. The regulator published an update on August 25th to clear the company’s name two months after imposing restrictions on some of its operations. Back in late June this year, the FCA issued a warning shot against the exchange, saying that Binance Markets Limited “is not permitted to undertake any regulated activity in the UK.” The watchdog further asserted...

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Several Seeking Damages from Binance Following Outages

A crypto trader named Fawaz Ahmed is pursuing legal action against cryptocurrency exchange Binance, claiming that it cost him millions of dollars in lost Ethereum. Binance Could Find Itself in Court When Ahmed saw the price of Ethereum slipping, he felt it was time to sell his coins and exit the trading space for a while. Unfortunately, this was not something he was able to do given that the exchange was experiencing a major outage on the day he sought to trade. This was...

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Binance verschärft Regelungen für die Identitätsverifizierung von Nutzern

Es kommt, wie es kommen musste. Der Druck, den Finanzbehörden auf die Cryptocoin-Börse ausgeübt haben, führt nun zu strengeren Regelungen für die Nutzer. Ab sofort gelten für alle neuen Nutzer Bestimmungen, die zuvor erst bei einem höheren Nutzungsvolumen galten. Crypto News: Binance verschärft Regelungen für die Identitätsverifizierung von NutzernFür sogenannte „Intermediate User“ war es notwendig den Know Your Customer (KYC) Prozess zu durchlaufen, der eine Identifikationsverifizierung...

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Market Cap Reclaims $2T, Binance Strengthens Regulatory Compliance: The Weekly Crypto Recap

This week was entirely positive in the cryptocurrency market as almost everything is trading well in the green. It wasn’t without its hurdles, so let’s jump straight to it. Bitcoin managed to push towards $48K last Friday, but the week was filled with choppy price action and a somewhat expected downturn. By Thursday, BTC’s price was in the low $44,000’s, and that’s when the bulls stepped in. On that day, the price shot up and tested $47K – a level that got left behind in the...

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Binance Rolls Out Mandatory KYC Requirements Amid Regulatory Woes

Leading crypto exchange Binance has recently increased its customer verification requirements amid mounting pressure from global financial regulators. All Binance Users Must Verify their Accounts In an official announcement on Friday, Binance said that all new users must complete “Intermediate Verification” procedures to gain access to services such as cryptocurrency deposits, trades, and withdrawals, with immediate effect. According to the exchange’s procedures, the...

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Binance stellt ehemaligen Ermittler der Steuerbehörde ein

Fortschreitende staatliche Regulierungen haben viele Funktionen auf Binance in zahlreichen Ländern eingeschränkt – auch in Deutschland. Nun versucht Binance offenbar den Finanzbehörden entgegenzukommen. Doch wird es reichen? Crypto News: Binance stellt ehemaligen Ermittler der Steuerbehörde einGreg Monahan ist ein ehemaliger Ermittler der US-Steuerbehörde IRS. Er wurde nun von Binance eingestellt, um gegen Geldwäsche und kriminelle Handlungen im Zusammenhang mit Cryptocoins auf Binance...

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Binance Hires Former US Treasury Criminal Investigator to Enhance Regulatory Compliance

The world’s leading cryptocurrency exchange has appointed Greg Monahan – a former US Treasury Criminal Investigator. Monahan will serve as Binance’s new Global Money Laundering Reporting Officer. The company announced its latest hiring in its attempts to comply with global watchdogs in a press release shared with CryptoPotato. It explained that Monahan has a 30-year of experience in credit government service, with a large part being as a US Treasury Criminal Investigator. He...

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Binance mit weiteren regulatorischen Maßnahmen

Vor ungefähr einem Monat stoppten Partnerbanken ihre Zusammenarbeit mit Binance. Unter anderem Barcleys, Santander und Clear Junction sorgten bisher dafür, dass Nutzer Euro und British Pounds auf die größte Cryptobörse der Welt einzuzahlen konnten. Über das SEPA-Verfahren wurde diese Möglichkeit komplett ausgesetzt – temporär, so heißt es allerdings immer noch auf Binance. Crypto News: Binance mit weiteren regulatorischen MaßnahmenBinance selbst trifft jedoch keine Schuld. Die Banken wurden...

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