With its services now fully authorized in El Salvador, Binance has achieved its 18th regulatory approval, solidifying its position as the exchange with the most licenses and registrations worldwide.
The exchange’s USDC balance was reduced from $3.4 billion on March 1 to $23.9 million by May 1.
Although there has been no official comment, the DoJ may consider a fine against Binance instead of officially indicting the company.
Binance explained that they even have refused to conduct business in the Asian due to China’s cryptocurrency ban.
Binance’s influence is undeniable as the exchange boasts a staggering total of over 128 million users worldwide.
Simultaneously, Binance has introduced CyberConnect (CYBER) as the 37th project on Binance Launchpool.
With 34 tokens, Binance will offer more coins than any exchange operating in Japan.
With this license, Binance can now offer approved virtual asset services, further solidifying its reputation as a responsible player in the crypto market.
The copycat attacks on the BSC were attributed to a malfunctioning reentrancy lock in certain versions of the Vyper programming language.
The motion to dismiss a lawsuit filed by Binance’s legal team highlights the argument that CZ is not subject to US jurisdiction as he resides in the United Arab Emirates.
As of now, Binance retains the majority of the crypto market share despite the regulatory challenges.
The NBA star’s involvement in Binance’s marketing campaign drew significant attention, considering his status as a prominent figure in professional basketball.
The legal troubles continue to mount for Binance, as the Securities and Exchange Commission (SEC) also filed a lawsuit against the exchange and CZ in June.
SEC suggests that Binance.US may have fraudulently amplified its trading volumes, sometimes trading with itself, to appear very active in the markets.
Binance CEO CZ insisted that such reports are aimed at creating fear, doubt, and uncertainty in the crypto industry. He claimed that the revealed numbers of layoffs were exaggerated.