Tag: Binance

Cynthia Lummis leads the charge calling for DOJ action against Binance and Tether

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Cynthia Lummis, a crypto proponent representing Wyoming in the United States Senate, has called on the U.S. Justice Department to consider charges against crypto exchange Binance following the terrorist group Hamas’ attack on Israel. In an Oct. 26 letter to U.S. Attorney General Merrick Garland, Lummis and Arkansas Representative French Hill urged Justice Department officials to “reach a charging decision on Binance” and “expeditiously conclude” investigations of allegedly illicit activities involving Tether. The two lawmakers’ remarks followed Hamas launching a coordinated attack against Israel on Oct. 7, which they suggested…

DoJ asked to mull criminal charges against Binance and Tether

Two U.S. elected officials wrote to the Department of Justice, calling for a concluded investigation on Binance and Tether that could lead to litigation against the pair of crypto heavyweights. Senator Cynthia Lummis, who sits on the Senate Banking Committee, cited an Oct. 10 Wall Street Journal (WSJ) report claiming that Hamas and its affiliate raised millions through cryptocurrencies.  The article in question and subsequent reports of the same ilk have since been refuted by blockchain data companies like Elliptic, per crypto.news. Lummis’ letter noted the likelihood of inaccuracies in…

Crypto Exchange Associated With Binance Seeking License in Hong Kong: Report

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A digital asset exchange platform with ties to crypto titan Binance has reportedly announced its intention to apply for a license in one of Asia’s leading finance hubs. According to the South China Morning Post, HKVAEX was created as a separate entity under the company BX Services Limited, but Binance is behind it. HKVAEX was established in December and launched its trading platform in February. Citing sources familiar with the matter, the report says the world’s largest crypto exchange created HKVAEX to pursue a crypto license in Hong Kong. The…

Binance Allegedly Sets Up New Crypto Exchange in Hong Kong to Pursue License 

While HKVAEX aims to secure a license under the SFC for virtual asset trading, Binance has remained reticent about its own licensing pursuits in Hong Kong despite acknowledging the region’s growing prominence within the global crypto market. Binance, the world’s largest cryptocurrency exchange, has allegedly opened up a new digital asset trading platform in Hong Kong to bring its product offerings to customers in the region. According to a South China Morning Post report citing three people familiar with the matter, Binance created a company called HKVAE last year to…

Top Crypto Exchange Binance To Shutter Visa Debit Card Program in Europe

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Binance is shutting down its crypto-powered Visa debit card in Europe. The top global crypto exchange by trading volume says Binance Card services will stop working in the European Economic Area (EEA) in December. Binance notes that customer accounts won’t be impacted. The exchange urges European customers to transition to Binance Pay, the company’s crypto payment technology. And here goes the #Binance Visa Debit Card! First Paysafe providing EUR on/offboarding, now Contis providing the debit card, what’s next? pic.twitter.com/e7EF7G7CVN — Michael ??S?? (@M_affirmed) October 20, 2023 Binance first rolled out the…