Tag: Binance

Binance Australia partner hints at rising ‘scams’ after debanking exchange

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The third-party payments provider for Binance Australia, Cuscal, hinted about the impact of “scams and fraud” related to “account fraud, ID takeover and crypto activity” after being questioned why it offboarded the exchange on May 18. The payments provider did not specifically address Binance or crypto exchanges in its statement to Cointelegraph and declined to elaborate on why it pulled support for Binance Australia specifically. A spokesperson for the Sydney-based B2B financial services firm told Cointelegraph that it’s “focused on supporting the industry in protecting Australians from financial crimes and…

Binance Integrates Its Spot Trading Platform with TradingView

The integration of TradingView will give Binance users access to a wide range of tools while exposing Binance products to traditional investors. The Binance Spot market trading platform has been integrated with TradingView, a leading charting platform that offers traders a greater insight into the markets. The news broke via a press release seen on Thursday, May 18. Providing Greater Insight into the Market via Tools and Data With the integration, users of Binance will have access to a wide range of tools featured on TradingView, enabling them to approach…

Binance Australia Stops AUD Bank Transfers

Meanwhile, The Australian Securities and Investments Commission (ASIC) is reviewing Binance Australia’s derivatives business after the crypto exchange erroneously classified 500 users as “wholesale investors,” leading to the closure of their derivative positions, which local regulations prohibit for retail traders. Source

Binance Australia suspends AUD fiat services, citing issues with third party

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Cryptocurrency exchange Binance Australia has informed users it has suspended Australian dollar services as its local payment services provider has seemingly stopped support for the exchange. On May 18, Binance Australia tweeted that AUD PayID deposits were suspended and bank transfer withdrawals will also be impacted “due to a decision made by our third-party payment service provider.” “We understand from our third party payment service provider that Bank Transfer withdrawals will also be impacted and we will advise users on timeline when this is confirmed,” it added. Fellow Binancians, We…

Binance pulls out of Canada, cites incompatibility with local market conditions

On Friday, May 12, Binance announced its departure from the Canadian markets. Posting on Twitter, the world’s largest exchange by client count, attributed its decision to Canada’s new stablecoin guidance and investor limits for crypto exchanges. A stablecoin is a privately issued cryptocurrency pegged to stable assets, mostly fiat currencies like CAD or the USD. Unfortunately, today we are announcing that Binance will be joining other prominent crypto businesses in proactively withdrawing from the Canadian marketplace. We would like to thank those regulators who worked with us collaboratively to address…

Binance to Withdraw From Canadian Market Due to Regulatory Climate – Bitcoin News

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Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Friday that it is “proactively withdrawing from the Canadian market.” The company thanked the regulators who worked with them and said that the Canadian market was “small.” Binance Bows Out of Canada Due to Regulatory Guidance The cryptocurrency exchange Binance has decided to withdraw from the Canadian market. The company noted that it was the home country of its founder and cited regulatory guidance as the reason for its decision. Binance claims that the new regulatory climate in Canada…

Binance calls it quits in Canada, blames new rules

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Binance will withdraw from the Canadian market, the cryptocurrency exchange announced on Twitter on May 12. It called its withdrawal “proactive” as new guidance issued by Canadian regulators continues to take a toll on the country’s crypto industry. Binance is joining some of its smaller competitors in the Canadian exodus brought on by the introduction of rules by the Canadian Securities Administrators (CSA) on Feb. 22 that required them to file new preregistration undertakings and adhere to added restrictions. Although Binance had reportedly filed a new preregistration undertaking, it explained…

Binance looks to the UK for regulation amid US crypto crackdown

Crypto exchange Binance has acknowledged that a crackdown on cryptocurrencies has made it challenging to conduct business in the United States, and it is now looking to be regulated in the United Kingdom. During the Financial Times’ Crypto and Digital Assets Summit, Patrick Hillmann, the company’s chief strategy officer, expressed that the past six months have been quite confusing for the U.S. He added that the recent actions taken by the Securities and Exchange Commission (SEC) against rival exchange Coinbase for allegedly violating securities laws are an indication of how “the…

Bitcoin Ordinals make their way to Binance: Nifty Newsletter, May 3–9

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In this week’s newsletter, learn about emerging technologies creating new ethics for humankind. Read about the nonfungible token (NFT) marketplace Binance NFTs adding support for Bitcoin Ordinals on its platform, and check out why Kenyan lawmakers are considering a tax on crypto and NFT transfers. In other news, former OpenSea manager Nathaniel Chastain was found guilty of insider trading in a federal court in New York, and don’t forget this week’s Nifty News, featuring Pudgy Penguins signing a deal with a major Hollywood agency.  Emerging tech to create “new ethics”…