Binance Establishes First-Ever Board Of Directors Following Legal Setbacks | Bitcoinist.com

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Binance, the world’s largest cryptocurrency exchange by trading volume, has taken a significant step towards reshaping its operations by appointing a board of directors for the first time. This move comes after the exchange pleaded guilty last year to US charges related to anti-money laundering (AML) and sanctions violations.  Binance Unveils Inaugural Board Of Directors […]

Binance Adopts Stricter Token-Listing Framework Amid Regulatory Headwinds | Bitcoinist.com

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Binance, the world’s largest cryptocurrency exchange by trading volume, has reportedly introduced stricter requirements for listing new digital tokens. The move aims to strengthen investor protection against “rug pulls,” or fraudulent tokens, and address concerns about the alleged “lack of oversight” of token listings in the crypto industry.  According to Bloomberg, the changes began rolling […]

Binance Faces These Regulatory Obstacles In Re-Entering The UK Market, Report | Bitcoinist.com

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According to a Bloomberg report, Binance, the world’s largest cryptocurrency exchange by trading volume, is encountering obstacles to re-enter the United Kingdom (UK) market.  Local partners in the UK have reportedly shown reluctance to work with Binance due to “regulatory opposition,” hampering the exchange’s plans to regain a foothold in the country. UK Firms Reject […]

Binance Expands Crypto Custody Reach Through Alliance With Swiss Banks | Bitcoinist.com

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Binance, the world’s largest cryptocurrency exchange by trading volume, has entered into a strategic partnership with Swiss banking institutions to mitigate growing concerns surrounding counterparty risk in the crypto industry, as reported by the Financial Times.  This move follows Binance’s regulatory fines imposed by US authorities in 2023. As part of the collaboration, Binance has […]

Binance And Banking Partner Collaborate To Establish World’s First Triparty Crypto Arrangement | Bitcoinist.com

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Binance, the world’s largest cryptocurrency exchange, recently announced the successful execution of the world’s first cryptocurrency triparty arrangement in collaboration with a third-party banking partner.  According to the announcement, the solution allows institutional investors to securely store their trading collateral off-exchange with what Binance calls a “trusted bank.” Binance Expands Services With Triparty Solution The triparty […]

Binance Promotion In The Philippines: Here’s Why You Could Face Up To 21 Years In Prison | Bitcoinist.com

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According to a Reuters report, the Philippines Securities and Exchange Commission (SEC) has taken steps to restrict access to Binance, the world’s largest cryptocurrency exchange in terms of trading volume.  Binance Faces Access Block In The Philippines The SEC has announced its decision to block access to Binance within the Philippines. Per the report, the […]

Binance.US Faces Pivotal Leadership Change As Changpeng ‘CZ’ Zhao Steps Down As Chairman | Bitcoinist.com

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In the latest development involving Changpeng Zhao (CZ), founder and former CEO of Binance, it has been announced that he has decided to resign as Chairman of the Board of Directors of Binance.US.  Binance.US Affirms Independence From Enforcement Matters As announced, Binance.US, an independent entity from Binance.com, was launched with a primary focus on serving […]

Binance’s Ex-CEO Changpeng Zhao Restricted To US, Travel Ban Imposed | Bitcoinist.com

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According to a Reuters report, former Binance CEO Changpeng Zhao, commonly known as CZ, must remain in the United States for the time being, as stated by a federal judge on Monday.  This decision comes after Zhao, the founder of the world’s largest cryptocurrency exchange, pleaded guilty to violating US anti-money laundering laws. Binance Ex-CEO […]