The report, citing anonymous sources, comes after the company’s derivatives license was canceled in April, following an investigation into how it classified clients as professional wholesale investors, as they can get fewer regulatory protections than regular retail customers.
Related posts
-
Binance Raises Compliance Staff by 34% to Meet Demands of Crypto Industry
Binance expands its compliance team to meet the growing... -
US Regulator Publishes Crypto Guide With Stark FOMO Reminder
The Financial Industry Regulatory Authority (FINRA)’s new crypto guidelines... -
Binance Boosts Compliance Staff by 34% Year-Over-Year, Citing Industry’s ‘Rapid Maturation’
Though Teng’s short tenure as CEO has certainly accelerated Binance’s compliance efforts, the exchange began making...