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The world's largest crypto exchange will urge a federal judge to toss a lawsuit the SEC filed against it in June. The regulator accused Binance, its CEO and founder Changpeng Zhao and Binance.US's operator of artificially inflating its trading volumes, diverting customer funds, failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls. Binance was also accused of facilitating trading of several crypto tokens the SEC deemed securities.
Binance Thailand has opened its cryptocurrency exchange in Thailand for trading, the company said on Tuesday. The exchange, Gulf Binance, is a joint venture between Binance and Thailand's Gulf Innova that will serve as an exchange and brokerage platform allowing users to buy and sell digital assets with local currency pairings, according to a statement. Gulf Binance obtained a license to operate from Thailand's finance ministry in May 2023, and was subsequently approved to offer digital asset exchange services.
The move comes days after nine offshore virtual digital asset services providers were sent show-cause notices by the finance ministry for not complying with the local money laundering rules
Crypto exchanges otherwise known as virtual assets service providers (VASPs) are restricted from making cash withdrawals from their operational bank accounts among other stringent conditions, a new guideline issued by the Central Bank of Nigeria (CBN) has said.
Bybit powered by Satos, the world's third largest crypto exchange by volume, is thrilled to unveil a significant enhancement to its "One Click Buy" features in the Netherlands. This latest upgrade offers users a seamless and expeditious transaction process with a substantial reduction in costs for crypto purchases via EUR. This development reaffirms our steadfast commitment to delivering the utmost trading satisfaction for its users.
Crypto enthusiasts are breathing an audible sigh of relief, saying Binance's $4.3 billion pact with the US government lifts the uncertainty hanging over their industry
Billionaire Changpeng Zhao and leading cryptocurrency exchange Binance pleaded guilty on Tuesday to federal charges in a watershed moment designed to bring order to the often-lawless crypto industry.
Binance cryptocurrency exchange platform CEO Changpen Zhao will step down and plead guilty to violating US anti-money laundering requirements, while also paying $4.3 billion in fines, The Wall Street Journal reported on Tuesday.