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“# Binance to restrict derivatives trading for Hong Kong users ” Stepping up efforts to minimize the inherent risks of trading cryptocurrency, major crypto exchange Binance has announced it would restrict access to derivatives products to Hong Kong users. The official announcement reads: “Users from Hong Kong will have a 90 days’ grace period to close…
“# FTX wallet adds support for BUSD and BNB tokens on the Binance Smart Chain ” In what seems like an ongoing streak toward market penetration, prominent crypto exchange FTX has launched support for Binance Smart Chain BEP-20 tokens within its wallet services. While no official announcement was made, FTX CEO Sam Bankman-Fried confirmed the…
“# HSBC UK reportedly cuts credit card payments to Binance ” Banks in the United Kingdom continue cracking down on Binance cryptocurrency exchange, with banking giant HSBC reportedly becoming the latest bank to cut payment channels to the platform. A series of alleged HSBC clients reported on Twitter this Monday that HSBC UK had suspended…
“# Binance banned in Malaysia, given 14 days notice to shut down operations ” Malaysia is the latest regulatory theater to come after Binance as authorities in the country have accused the exchange giant of continuing to operate in the country illegally. According to an announcement released on Friday, the Securities Commission (SC) Malaysia has served a…
“# Binance to shut down crypto derivatives trading in Europe ” Troubled global cryptocurrency exchange Binance continues moving fast in curbing services to respond to the ongoing regulatory scrutiny worldwide, partly shutting down derivatives trading. Binance officially announced Friday that it would suspend its derivatives trading across the European region, starting with Germany, Italy and…
“# Binance cuts withdrawal limits, rolls out tax reporting tool ” Binance, the world’s biggest cryptocurrency exchange by trading volumes, continues its efforts to maintain dialogue with global regulators by introducing withdrawal limits and a new tax reporting system. The company officially announced Tuesday a major update to its Know Your Customer (KYC) policies, significantly…
“# Binance will ‘work with regulators’ as it expands, says CEO ” Changpeng Zhao, the chief executive officer of Binance, has said he wants the major cryptocurrency exchange to work with local regulators as it establishes regional headquarters. According to a Tuesday report from Reuters, Zhao, also known as CZ, hinted Binance would depart from…
“# Binance and Russian museum to tokenize Da Vinci and Van Gogh paintings ” Binance’s NFT marketplace has announced it is teaming up with the Saint Petersburg-based State Hermitage Museum to issue tokenized collectibles depicting the works of renowned artists including Leonardo da Vinci and Vincent van Gogh. On July 27, Binance revealed it is…
“# DeFi tokens book double-digit gains after Bitcoin rallies above $39,000 ” A renewed sense of optimism has returned to the cryptocurrency ecosystem on July 26 as Bitcoin’s (BTC) recovery above $38,900 has sparked a market-wide rally in the altcoins. Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past…
“# Binance to delist EUR, GBP and AUD margin trading pairs ” Global cryptocurrency exchange Binance continues restricting support for some of its trading services amid an ongoing regulatory crackdown. Binance officially announced Monday that the exchange would delist margin trading pairs for three fiat currencies, including the Euro (EUR), the Australian dollar (AUD) and…