UK Chancellor Jeremy Hunt has proposed a legislative initiative to establish a Digital Securities Sandbox (DSS) in order to support the growth of the digital asset sector. The DSS will serve as a controlled testing environment for crypto technologies and services, allowing for the adoption of digital assets in financial markets. The government plans to […]
UK Chancellor Jeremy Hunt has proposed a legislative initiative to establish a Digital Securities Sandbox (DSS) in order to support the growth of the digital asset sector. The DSS will serve as a controlled testing environment for crypto technologies and services, allowing for the adoption of digital assets in financial markets. The government plans to […]
Bitget, the world’s leading cryptocurrency exchange and Web3 company, has launched Arabic language support for its mobile application and website. This move aims to provide broader access to Arabic-speaking audiences in the Middle East and North Africa (MENA) region. Bitget’s support for Fiat gateways in the Middle East, including seven currencies such as Dinars, Riyals, […]
Kraken co-founder Jesse Powell has expressed his support for the investigation into Binance and its former CEO Changpeng Zhao (CZ) by US government agencies. Powell believes that targeting offshore offenders like Binance is crucial, as US-based crypto businesses are easier targets. He emphasizes the need for self-policing within the industry to improve its reputation and […]
United States government prosecutors are seeking to prevent former Binance CEO Changpeng Zhao, also known as CZ, from leaving the country due to concerns about his potential flight risk. They have requested a review and reversal of a judge’s decision that would allow Zhao to return to his home in the United Arab Emirates (UAE) […]
Binance, the world’s largest cryptocurrency exchange, allegedly experienced illegal growth in its early days by relying on its American clients. Despite not being a registered U.S. business, Binance targeted growth in the country, particularly among “VIP” users who drove the exchange’s trading volume and revenue. The government claims that Binance’s executives closely monitored and tracked […]
Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao have agreed to pay a record-breaking corporate penalty of over $4 billion as part of a settlement with the US government. This landmark agreement signifies a significant step in the regulation of the cryptocurrency sector, as it is the first time a CEO of […]
A federal court has unsealed indictments against Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng “CZ” Zhao. The United States government expects both Binance and CZ to enter guilty pleas. The charges against CZ include failure to maintain an effective anti-money laundering program, violating the Bank Secrecy Act. The government believes that the […]
Binance CEO Changpeng Zhao is reportedly stepping down from his position at the exchange after pleading guilty to violating U.S. anti-money laundering requirements. The Wall Street Journal has reported that Binance will also plead guilty to money laundering violations. The news caused the value of BNB, the token backed by Binance, to fluctuate dramatically, reaching […]
Binance CEO Changpeng Zhao (CZ) is reportedly considering stepping down as Chair of the world’s largest cryptocurrency exchange as part of a potential $4 billion settlement with the US Department of Justice (DOJ). The settlement would also involve the Commodities Futures Trading Commission (CFTC), while the Securities and Exchange Commission (SEC) would not be participating. […]
