# Binance Australia partners with Koinly for tax reports as ATO ramps up compliance

# Binance Australia partners with Koinly for tax reports as ATO ramps up compliance

“# Binance Australia partners with Koinly for tax reports as ATO ramps up compliance ” The Australian branch of leading cryptocurrency exchange Binance has increased the ability for users to accurately report tax liabilities amidst increased pressure from local tax authorities. Binance has partnered with cryptocurrency tax startup Koinly to assist users grappling with ever-increasing…

Read More
# Binance burns 0M worth of BNB tokens

# Binance burns $390M worth of BNB tokens

“# Binance burns $390M worth of BNB tokens ” Major cryptocurrency exchange Binance has completed its 16th quarterly Binance Coin (BNB) burn, destroying over $390 million worth of BNB. On July 18, Binance reported that it had destroyed 1,296,728 BNB tokens valued at just under $400 million at the time. The exchange noted an additional…

Read More
# Binance stops stock token sales, ‘effective immediately’

# Binance stops stock token sales, ‘effective immediately’

“# Binance stops stock token sales, ‘effective immediately’ ” Binance’s highly popular stock tokens, a relatively recent offering, are being wound down immediately. In an announcement published on Friday, the exchange announced that “effective immediately,” stock tokens are unavailable for purchase on Binance.com. As of October 14, 2021, at 7:55 pm UTC, the exchange will…

Read More
# Italian finance regulator issues warning on Binance crypto exchange

# Italian finance regulator issues warning on Binance crypto exchange

“# Italian finance regulator issues warning on Binance crypto exchange ” Italy’s securities market regulator, the Italian Companies and Exchange Commission (CONSOB), has issued a statement, in which it said that Binance Group and affiliated companies are unauthorized to provide investment services and operate in Italy. The regulator specified that the warning refers to Binance.com, the main…

Read More
# Uncertainty prevails as December 2021 Bitcoin futures show an inverted pattern

# Uncertainty prevails as December 2021 Bitcoin futures show an inverted pattern

“# Uncertainty prevails as December 2021 Bitcoin futures show an inverted pattern ” It’s not yet known whether Binance’s recent news of  being temporarily suspended from the U.K.’s financial system is the main driver behind today’s Bitcoin (BTC) price drop. As Cointelegraph reported, the exchange sent emails to affected customers but has not given any details….

Read More
# Gemini plans to beat Binance through compliance, aims to become ‘fastest tortoise’ in race

# Gemini plans to beat Binance through compliance, aims to become ‘fastest tortoise’ in race

“# Gemini plans to beat Binance through compliance, aims to become ‘fastest tortoise’ in race ” Gemini exchange co-founder, Cameron Winklevoss, has stated the company expects to overtake the current largest crypto exchange by volume, Binance, predicting its emphasis on compliance will win out as regulators increasingly crack down on unregulated exchanges. As reported by…

Read More
# Binance woes continue as Clear Junction pulls out

# Binance woes continue as Clear Junction pulls out

“# Binance woes continue as Clear Junction pulls out ” Binance has faced a number of regulatory issues in recent weeks. Payments player Clear Junction has suspended activity with Binance after similar moves from Barclays and Santander.  “Clear Junction can confirm that it will no longer be facilitating payments related to Binance,” Clear Junction said in…

Read More