Tag: Binance

Former SEC official hints at criminal probe in sealed Binance case

The SEC has requested permission to submit undisclosed documents under seal in its civil lawsuit against Binance, Binance.US, and CEO Changpeng Zhao. The U.S. Securities and Exchange Commission (SEC) submitted a request to the U.S. District Court for the District of Columbia, asking for permission to file certain documents under seal in its civil case against Binance, its U.S. subsidiary Binance.US, and the CEO, Changpeng Zhao (CZ). The content of the SEC’s motion itself is sealed, sparking speculation around the possibility of sensitive or potentially incriminating details. Former SEC official…

Binance launches a new entity in Poland

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance has announced the launch of a new entity in Poland known as Poland sp. z o.o, with its main focus on the Belgium market. The Belgian Financial Services and Markets Authority (FSMA) recently ordered the company to stop offering its services in Belgium due to violating internal compliance laws. With the creation of its new entity in Poland, the company will be able to continue offering its services to Belgian residents. Binance explained that Belgian…

Sealing docs in Binance case could suggest a criminal probe, says former SEC official

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The legal team representing the United States Securities and Exchange Commission (SEC) in its civil case against Binance is requesting the court grant a motion to allow documents filed under seal. In an Aug. 28 filing in U.S. District Court for the District of Columbia, the SEC petitioned a federal judge for leave to file documents under seal in the commission’s case against Binance, Binance.US, and Binance CEO Changpeng Zhao (CZ). The motion itself was under seal, leading to speculation that the SEC intended to make filings with sensitive information.…

SEC’s Secret Binance Court Filing Has Observers Bracing for Bad News

“Under any circumstance, that this SEC seal-seeking filing is unusual, odd and uncommon cannot be overstated,” Stark wrote. “In my almost 20 years in the SEC Enforcement Division, including 11 years as Chief of the SEC’s Office of Internet Enforcement, our team worked on and led a broad range of SEC investigations which involved parallel U.S. DOJ investigations and lots of litigation – and I can’t recall ever seeking to file a motion or any other court document under seal.” Source

Binance excludes Banco de Venezuela from P2P payments

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The world’s largest crypto exchange, Binance, has removed Banco de Venezuela as a payment method on its peer-to-peer (P2P) trading service. This follows similar moves with sanctioned Russian banks last week and is likely part of efforts to fall in line with international financial sanctions. According to Venezuelan users, Banco de Venezuela has vanished from the P2P payments options this week, following a series of such removals of Russian banks by Binance. The obvious reason behind this step is the Aug. 24 Wall Street Journal report about the exchange’s participation…

Binance considers exit from Russia following sanction violations

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The world’s largest crypto exchange is reportedly reevaluating its business in Russia. One of the options on the table is a full withdrawal from the Russian market. Potential for a full exit According to the Wall Street Journal, a spokesperson from Binance shared that all options are on the table, which includes the possibility of the platform to make a full exit from the Russian market. Although Binance has acknowledged their previous failures in compliance, they…

Coinbase and Binance settlement with SEC is a good idea, analyst says

Fineqia International’s Matteo Greco comments on Bittrex’s $24 million SEC settlement, drawing parallels with ongoing cases involving crypto giants Coinbase and Binance. Bittrex’s recent $24 million agreement with the SEC mirrors the one currently involving Coinbase and Binance, according to Fineqia International’s Matteo Greco. In two separate lawsuits, the SEC alleges that both Coinbase and Binance broke securities laws. Greco offers his take on how each company should proceed and whether the Ripple Labs outcome bodes well for the two crypto exchanges. Bittrex resolved charges that it was offering U.S.…

Binance Will Halt These 39 Liquidity Mining Pools This Week

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On Sunday, Binance announced that it will halt 39 liquidity mining pools this week following the latest assessment. As a result of a supposed failure to pass this assessment, these 39 liquidity pools are expected to stop operating on September 1, 2023. Liquidity Pools Stopped By Binance This decision was made due to the platform’s recent liquidity mining performance. The announcement said Binance Liquid Swap will “periodically review listed liquidity pools to concentrate liquidity for our users and ensure optimized trading experience, price and slippage.” As a result of the…

Ceffu Launches Newest Off-Exchange Settlement Solution MirrorX for Binance Institutional Users

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August 28, 2023 – Vilnus, Lithuania Ceffu, the institutional crypto custodian and partner of Binance – the world’s largest cryptocurrency exchange by trading volume – announced today the release of its newest off-exchange settlement solution, MirrorX. Launched as an evolution of its predecessor, this innovative custody solution provides institutional investors with the fastest gateway to the Binance Exchange – with instantaneous access to most of the products available in the Binance ecosystem, including spot, margin and futures trading – without needing to move their assets to the exchange. Digital assets…