Tag: Binance
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India freezes bitcoin at Binance amid a Wazirx cryptocurrency exchange investigation
More than 77.6 bitcoins that were transferred from the Indian cryptocurrency exchange Wazirx to Binance have reportedly been frozen by India’s Enforcement Directorate (ED). An investigation into money laundering involving a mobile gaming app is what prompted the freeze. According to India’s Prevention of Money Laundering Act, the Directorate of Enforcement (ED) announced on Wednesday…
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After the government began enforcing the new cryptocurrency tax, Binance saw a record rise in Indian users.
Since the Indian government started taxing cryptocurrency transactions, the number of Indian users on the cryptocurrency exchange Binance has increased dramatically. However, since the new tax laws went into effect, daily trading volumes at some significant cryptocurrency exchanges with headquarters in India have decreased by over 90%. After a 1% tax deducted at source (TDS)…
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Binance will support the development of the blockchain ecosystem in the South Korean city of Busan.
The South Korean city of Busan is receiving assistance from Binance to “grow crypto adoption within the city and beyond.” The development of the city’s blockchain ecosystem as well as the Busan Digital Asset Exchange will be assisted by the international cryptocurrency exchange. The Memorandum of Understanding (MOU) between Binance and Busan Metropolitan City was…
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The Bank of Spain issues a VASP license to Binance.
One of the biggest cryptocurrency exchanges in the world, Binance, has obtained a license from the Bank of Spain that will allow it to operate in accordance with regional regulations. This certification indicates that the exchange is currently following its AML/KYC procedures as mandated by the nation’s government. By now, more than 17 businesses have…
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Legendary Portuguese Footballer Cristiano Ronaldo Teams Up With Binance for NFT
One of the highest-paid athletes in the world, Cristiano Ronaldo, has partnered with Binance to allow his fans to participate in the Web3 community. Ronaldo claims that his collaboration with Binance will “change the non-fungible token (NFT) game and elevate football to a new level.” Cristiano Ronaldo, a well-known football player from Portugal, has revealed…
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Kraken is the first global cryptocurrency exchange to receive full regulatory approval from Abu Dhabi Global Market.
Kraken, a cryptocurrency exchange, has been granted a full financial license by Abu Dhabi Global Market. The regulator explained that “Kraken will be the first global virtual assets exchange group in the UAE to offer investors the ability to invest, trade, withdraw, and deposit virtual assets (bitcoin and ether) directly in local AED currency.” Abu…
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The lawsuit against Binance for allegedly selling unregistered crypto securities has been dismissed by a judge.
According to a lawsuit filed against the cryptocurrency exchange, Binance has been found not guilty of selling unregistered crypto securities. In their lawsuit, the plaintiffs listed nine cryptocurrencies. Binance’s Lawsuit Dismissed U.S. District Judge Andrew Carter dismissed a lawsuit against cryptocurrency exchange Binance Thursday. The motion to dismiss was filed by Binance and CEO Changpeng Zhao (CZ).…
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Binance informs a Canadian regulator that it is “committed” to ending cryptocurrency trading services in the province of Ontario.
Binance, a cryptocurrency exchange, has informed the Ontario Securities Commission (OSC) that it will stop opening new accounts for residents of Ontario and wind down certain services in order to comply with regulations. Cryptocurrency exchange Binance sent a letter to the Ontario Securities Commission (OSC) Wednesday. In the letter, Binance listed a few commitments to the OSC,…
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Binance is considering buying a Brazilian securities brokerage firm.
Binance, a leading cryptocurrency exchange, has stated its intention to expand its operations to Brazil. The firm announced that it has signed a memorandum of understanding to acquire a regulated securities brokerage firm in Brazil. The company, Sim;paul Investimentos, is said to be fully compliant with Brazilian laws and offers a variety of investment options…