Monthly Archives: June 2023

Binance Suffers Another Regulatory Setback Adding to Binance’s recent challenges, plans to expand and operate in Germany have been hindered by the regulatory standards set by Bafin. In another significant blow to the world’s largest cryptocurrency exchange, Binance’s plans to obtain a license in Germany have been thwarted by the financial regulator Bafin. Jonas Jiinger’s[Read more…]

Binance Seeks New Provider In a recent blow to Binance, its European banking partner, Paysafe, has announced its decision to cease providing euro deposits and withdrawals through bank transfers effective September 25. Cryptocurrency exchange Binance said that it would switch to a new provider for euro deposits and withdrawals and would provide updates on the[Read more…]

Mooky’s Last Chance Presale: Surpasses 800k Funding, Proving It’s Not Another BigEyes Rug Pull

Germany’s financial regulator has rejected Binance’s request for a crypto custody license. Finance Forward, a German publication, reported the news recently, citing people familiar with the matter. The report added that it was unclear if the rejection was the result of a formal decision taken by the Federal Financial Supervisory Authority (BaFin) or an intention[Read more…]

The Team Behind Sui Network Denies Dumping SUI Staking Rewards The team behind the Sui network and its native SUI token has denied allegations that they unlocked SUI staking rewards and “dumped” them on cryptocurrency exchange Binance. The Sui Foundation knocked back the claim in a five-part Twitter thread on June 27, stating that none[Read more…]

In the middle of the night, Binance Australia’s team faced unexpected debanking Binance Australia’s regional manager, Ben Rose, revealed that the exchange’s team received a sudden notification, with no prior warning or consultation, stating that they would be “cut off” from Australia’s banking system. This incident had a significant impact on approximately 1 million customers[Read more…]

The United Arab Emirates: Binance’s New Focus The United Arab Emirates (UAE) is emerging as a significant focal point for Binance, following numerous enforcement actions against the crypto exchange in the United States. Alex Chehade, the General Manager of Binance Dubai, spoke to Cointelegraph and emphasized that the UAE offers a favorable environment for crypto[Read more…]

Binance Reverses Decision to Delist Privacy Coins in Europe Binance, a leading cryptocurrency exchange, has made a significant decision to reverse its plan of delisting several privacy coins in Europe. This change in direction comes after careful consideration and revisions in operations to ensure compliance with local regulations. In a comment received on June 26,[Read more…]

Binance Sets Sights on United Arab Emirates as Key Hub for Future Operations

Binance Reverses Decision: Privacy Coins to Remain Listed in Europe In a significant development, Binance, the prominent cryptocurrency exchange, has announced its decision to reverse the plan of delisting several privacy coins in Europe. This reversal comes after revising operations to ensure compliance with local regulations. In a comment received on June 26, Binance stated,[Read more…]