Leading exchange Binance recently launched a Fan Club program for users that boasts exclusive team rewards.
Binance has been on the receiving end of several investigations in the United States.
Binance CEO Changpeng Zhao has stated that BUSD’s regulatory issues might trigger an exodus to non-dollar stablecoins like the euro and yen.
In its complaint, Circle said that Binance-peg BUSD was not fully backed as nearly $1 billion was missing from its reserves.
Another report suggests that the US SEC is planning to sue Paxos for the sale of BUSD stablecoins as unregistered securities.
The CEO of Binance Changpeng Zhao has broken his silence on the Paxos-SEC BUSD development in a Twitter thread.
Stablecoin issuer Paxos recently received a lawsuit notice from the SEC regarding indiscretions linked to the BUSD stablecoin.
Leading exchange Binance is currently searching for a lobbyist that would ‘shape a communications narrative’ across the EU.
Binance might be ready to take on a more active role in coming regulations.
According to blockchain intelligence platform Arkham Intelligence, the announcement was followed by a marked increase in outflows from Binance wallets with millions of USDT and USDC being moved to self-custody and rival exchanges.
The launch of the Binance Tax product in France has tagged a stepping stone for the service that will soon be made available in other countries around the world.
Dominant crypto exchange Binance looks to draw on community feedback to shape products and services better in the future.
The Binance card is in the beta launch stage, and the crypto company assures that it will be fully available for all users in the coming weeks.
In its investigation, FinCEN found that Binance was among the top three counterparties having links to Bitzlato.
Binance noted that Signature Bank only services 0.01% of its monthly average users. The exchange also stated that its other banking partners were not impacted by Signature’s decision.