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About Me

Found 7 results

  1. Binance has reportedly stopped offering its crypto derivatives services in Spain as it awaits approval from the Spanish regulator, Comisión Nacional del Mercado de Valores (CNMV). Binance’s official Spain website has removed the derivatives option from its interface by removing the drop-down menu. However, the URLs for derivative services in Spain, including futures, battle, and derivative portal, are still active, according to Cointelegraph. According to a local report, Binance would reintroduce the derivatives option only after gaining regulatory approval from the Bank of Spain in the form of a guarantee certificate (BdE). https://cointelegraph.com/news/binance-reportedly-halts-crypto-derivatives-service-in-spain
  2. As part of its aim to bring social media and news sites into ‘Web3’, Binance Holdings Ltd. has committed $500 million to Elon Musk's proposed buyout of Twitter Inc. The crypto exchange is among a dozen outside investors backing Elon Musk's $44 billion takeover of Twitter, according to a filing published on Thursday. Binance CEO, Changpeng Zhao stated, “We’re excited to be able to help Elon realise a new vision for Twitter. We hope to be able to play a role in bringing social media and web3 together and broadening the use and adoption of crypto and blockchain technology.” Binance is forming an internal team to look into how blockchain can help Twitter and other social media platforms and has brought up BNB Chain (a blockchain that Binance helped to develop) to Musk and his team. https://www.bloomberg.com/news/articles/2022-05-05/binance-eyes-bringing-twitter-to-web3-with-backing-for-musk-bid
  3. According to the Autorité des Marchés Financiers (AMF) (the French financial market regulator), Binance can now operate its digital asset trading platform in France, which means it can facilitate digital asset custody, let users buy and sell crypto, and help users exchange digital assets for each other. This is the exchange's first major approval from a G-7 member country, indicating that the company's development into other European markets is possible. Last week, CEO Changpeng "CZ" Zhao praised the country as a "crypto-friendly" government and announced a $100 million investment in the country's blockchain ecosystem. https://www.bloomberg.com/news/articles/2022-05-04/binance-poised-for-french-regulatory-nod-amid-european-push
  4. According to recent reports, Binance has recently shut down accounts of many individuals with personal ties to senior Kremlin Officials. Individuals who have been blocked by Binance include ‘Polina Kovaleva’ who is the Russian Foreign Minister Sergei Lavrov’s stepdaughter and ‘Elizaveta Peskova’, who is the daughter of the President Vladimir Putin’s spokesman, Dmitry Peskov. The son of Konstantin Malofeev, a Russian oligarch who was indicted by the US Department of Justice for breaking US sanctions, has also been blocked by Binance, as the exchange continues to look for users with ties to sanctioned persons. https://cointelegraph.com/news/binance-blocks-crypto-accounts-of-relatives-tied-to-the-russian-government
  5. "While we don’t regulate cryptoassets like Bitcoin or Ether, we do regulate certain cryptoasset derivatives (such as futures contracts, contracts for difference and options), as well as those cryptoassets we would consider ‘securities’ – find out more information. A firm must be authorised by us to advertise or sell these products in the UK – check our Register to make sure the firm is authorised. You can also check our Warning List of firms to avoid. You should do further research on the product you are considering and the firm you are considering investing with. Check with Companies House to see if the firm is registered as a UK company and for directors’ names. To see if others have posted any concerns, search online for the firm’s name, directors’ names and the product you are considering." Consumer warning on Binance Markets Limited and the Binance Group
  6. Binance, the world’s biggest crypto exchange, has launched its own blockchain. Here’s what that means.
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