Crypto Giant Binance Pays Hefty $2M Fine To Reignite India Foothold – Details

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Binance, the world’s leading cryptocurrency exchange, reportedly seeks to re-establish its presence in the Indian market after being banned by the country’s local government earlier this year. Binance’s Cost To Return To India According to a recent report from India’s Economic Times, the exchange intends to return as a registered entity, aiming to comply with the […]

Regulatory Victory: Binance Awarded Full Virtual Asset Service Provider License In Dubai | Bitcoinist.com

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Dubai, known for its forward-thinking approach and embracing the potential of blockchain technology, has granted Binance’s Dubai entity, Binance FZE, a full Virtual Asset Service Provider (VASP) license.  Opening Doors For Retail And Institutional Investors According to a local media report, the VASP license obtained by Binance FZE allows the company to expand its offerings […]

Binance’s $4.3 Billion Settlement Faces DOJ Scrutiny Over FTX Ties In Monitorship Decision | Bitcoinist.com

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In recent developments, the US Department of Justice (DOJ) has been reevaluating its choice of law firm to oversee the cryptocurrency exchange Binance as an independent monitor.  The decision concerns the firm’s previous work for the now-bankrupt FTX exchange. The monitorships were part of the $4.3 billion deal in which Binance pleaded guilty to violating […]

Binance CEO’s Thrilling Revelation Sets New Course For Global Headquarters Strategy | Bitcoinist.com

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In a recent interview with CNBC, Binance’s CEO, Richard Teng, addressed the company’s “cultural issues” and its commitment to compliance following a $4.3 billion fine settlement with the US Department of Justice (DOJ).  Teng also highlighted Binance’s transition to “greater maturity” and plans for the potential establishment of a global headquarters, the lack of which […]

Binance Executive’s Tax Evasion Case In Nigeria Postponed, Hearing Set For April 19 | Bitcoinist.com

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In a recent development, a Binance executive detained in Nigeria on tax evasion charges has had his case adjourned until April 19, following his first appearance in court.  Tigran Gambaryan, the head of financial crime compliance at Binance, was accused alongside the company of various charges, including non-payment of value-added tax and corporate income tax […]

Binance Denies Decision-Making Power Of Detained Executive In Nigeria Amid Mounting Charges | Bitcoinist.com

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Binance, one of the world’s largest cryptocurrency exchanges, is entangled in a complex situation in Nigeria. With no resolution in sight, the exchange has finally issued an official statement regarding its detained executive, Tigran Gambaryan, who faces money laundering charges after five weeks in custody.  As the Nigerian government introduces additional charges against Binance, the […]

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 Clamps Down: A New Strategy To Exclude US Traders Unveiled

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A recent report from Bloomberg has shed light on Binance’s latest efforts to refine its client base. It enhanced the screening process for prime brokerage clients to exclude US-based investors from its platform. This move comes amidst increasing regulatory demands and the exchange’s endeavors to fortify its compliance framework. Binance Intensifies Screening To Exclude US […]

Detained Binance Executive Tigran Gambaryan Seeks Justice, Sues Nigerian Government | Bitcoinist.com

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Amid Nigeria’s crackdown on cryptocurrency activities, one of the detained Binance executives, Tigran Gambaryan, has taken legal action against Nigeria’s National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC), alleging a violation of his basic human rights.  Gambaryan, who serves as Binance’s Head of Financial Crime Compliance, was arrested in February along […]

Crypto Houdini? Binance Exec Escapes Amid Criminal Charges

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Binance, Binance Nigeria, Binance regulation, BNB, bnbusdt, Crypto News, Nigerian government

One of the two senior executives from crypto exchange Binance has escaped from the Nigerian authorities as criminal charges were pressed against him. The executive was first detained on February 26 as part of Nigeria’s actions against the exchange. According to local reports, Nigeria’s Federal Government filed Tax evasion charges against Binance amid the escapist […]

SEC Declares Binance A ‘Threat’, Imposes Access Restrictions On Philippine Users | Bitcoinist.com

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The Philippines Securities and Exchange Commission (SEC) has taken a significant regulatory step by blocking local access to Binance, the world’s largest cryptocurrency exchange by trading volume.  According to a release issued by the regulator on Monday, the SEC’s decision was based on Binance’s failure to obtain the necessary license from the commission to operate […]

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 […]