SEC lawsuits on crypto exchange Binance and founder Changpeng Zhao has dented the company’s business operations with trading volumes taking a hit.
Binance and its legal team filed a motion to have the SEC stopped from stating that CZ and the exchange had commingled users’ funds.
Binance has recently been moving out of certain European locations.
Binance will not delist privacy coins in Europe, opting instead to review its classification of assets in line with EU law.
Kendall Day led the department’s efforts to combat money laundering, including dealing with charges related to money laundering, deferred prosecution agreement, etc.
Binance.US withdrawals are now fully operational on the exchange, even as it warns users to convert all USD to USDT.
According to the General Manager of Binance Kazakhstan Zhaslan Madiyev, the platform has joint forces with five regulatory bodies in the country.
This month, the crypto company faced issues with regulators in at least four countries.This month, the crypto company faced issues with regulators in at least four countries.
In a motion filed on June 21, Binance.US claimed the SEC has no evidence that the crypto exchange commingled users’ funds.
Binance is working towards the full integration and implementation of the Bitcoin Lightning Network to ensure smooth customer experience for deposits and withdrawals.
Binance has confirmed it is not affiliated with a supposed branch in the UK after a Reddit post shared the exchange’s alleged UK address.
Despite the large amounts being removed, data suggests that Binance remains the exchange with the largest BTC balance.
The combination of BSC’s strong ability and opBNB’s dedicated new features will make data access easier.
Binance has been considering expanding its business to the UK and other regions due to the crackdown on crypto exchanges in the US.
The only recognized Binance arm on the African continent is Binance Africa.