On July 14, 2017, the largest cryptocurrency exchange in terms of trading volume, Binance, appeared at the moment. ForkLog read the corporate letter from the CEO of the platform, Changpeng Zhao (CZ), in which he thanked the employees, recalled important milestones in the company’s history, and shared plans for the future. Zhao noted that at … Read more
The world’s largest crypto exchange is in trouble, and with it its token BNB, formerly known as Binance Coin. Its price dropped significantly after Binance was sued by the US Securities and Exchange Commission (SEC) for allegedly operating an illegal stock exchange. It’s such an explosive topic that the editors were clear about the theme … Read more
Violation of investor protection rules by operating unregistered exchanges, misrepresenting trading controls or selling unregistered securities. The SEC has made several accusations, for which the crypto exchange and its boss will be held accountable before the American justice system. “Zhao and Binance engaged in a vast web of fraud, conflicts of interest, lack of disclosure … Read more
Jakarta – The Indonesian Blockchain Association (ABI) revealed Binance and 300 foreign exchangers crypto- Not yet registered but already operating in Indonesia. What is the response from the Ministry of Communication and Informatics (Kominfo)? ABI has disclosed this matter in a letter it sent to the Commodity Futures Trading Regulatory Agency (Bappebti), Ministry of Trade … Read more
Binance, one of the largest cryptocurrency exchanges in the world, is struggling to find a bank to take its customers’ cash for its US arm. According to a recent report by Bloomberg, the exchange has been rejected by at least one major financial institution due to concerns over its regulatory compliance and reputation. This has … Read more
Binance, one of the world’s largest cryptocurrency exchanges, has been facing legal action from the US Securities and Exchange Commission (SEC) for allegedly offering unregistered securities to Americans. Now, the CEO of two Irish entities linked to the exchange has resigned from his position, amid growing regulatory scrutiny of the company. In this article, we’ll … Read more
Jakarta – Price bitcoin Binance plummeted because of rumors the CEO of the company Changpeng Zhao will be arrested by international law enforcement United States (US). Rumors of the detention spread on social media Twitter which was conveyed by one of the accounts. “Interpol notice for CZ,” wrote a tweet from the @cobie account, quoted … Read more
The regulatory body American CFTC (Commodity Futures Trading Commission) wants to ban Binance in the United States. The crypto platform is indeed facing illegal activity charges in federal court. Even though Binance denies these claims, crypto stock values ​​appear to be impacted. Credit 123RF US regulators attack The CFTC officially brings a civil lawsuit against … Read more
Cryptocurrency entrepreneurs should consider moving to a country with favorable regulation of the bitcoin industry. This was stated by Binance CEO Changpeng Zhao during a speech in Twitter Spaces. He considers Dubai (UAE), Bahrain and France to be such jurisdictions. “If you are serious about your project, moving to a new country might not be … Read more
Binance’s banking partner, Signature Bank, will no longer process fiat dollar SWIFT payments from exchange users below $100,000. The organization wants to reduce the impact of the digital asset market on its business, reports Bloomberg with reference to the statement of the cryptocurrency platform. “One of our fiat banking partners, Signature Bank, has announced that … Read more