Global #binance

Changpeng Zhao, the former CEO of Binance, will spend four months in prison for not putting in place sufficient anti-money laundering measures at the cryptocurrency exchange.

An executive working in the region claims that traders headquartered in the Philippines now have to cope with higher trading costs and fewer crypto tokens to pick from as a result of Binance being kicked out of the nation.

One of the top cryptocurrency exchange platforms, Binance, declared that, starting on April 30, 2024, it will provide additional trading pairs and trading bot services on the Spot platform.

Binance bases its SEC defense approach on the Mango Markets case. Binance defends itself against the U.S. government by employing a legal tactic from a previous case. Commission on Securities and Exchanges (SEC).

Because DUSD is almost solely utilized as a trading pair on Binance, it has grown to become the fourth-largest stablecoin by market capitalization.

A class action complaint against Binance, alleging the cryptocurrency exchange is selling unregistered crypto derivative products and breaking securities legislation, has been approved by Ontario's higher court.