Tag: Binance
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Nigeria fines Binance with USD 10 billion in damages
It has been reported that the Nigerian government has fined the popular cryptocurrency exchange Binance with a staggering USD 10 billion in damages. The fine comes after allegations of regulatory violations and failure to comply with local laws. Binance, which is one of the largest cryptocurrency exchanges in the world, has been accused of operating…
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Judge accepts Binance’s USD 4.3 billion plea deal
In a landmark decision, a federal judge has accepted cryptocurrency exchange Binance’s plea deal to pay USD 4.3 billion in fines for alleged money laundering and securities violations. Binance, one of the largest cryptocurrency exchanges in the world, has been under investigation by regulatory authorities for several months. The exchange was accused of facilitating money…
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Binance facing bans in The Philippines and Nigeria
Recently, the popular cryptocurrency exchange Binance has been facing regulatory challenges in The Philippines and Nigeria, two key markets for the company. Authorities in The Philippines have issued a warning against Binance, accusing the exchange of operating without the necessary licenses. The Securities and Exchange Commission of The Philippines has stated that Binance is not…
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Google Play bans Binance and OKX apps in India
Google Play Bans Binance and OKX Apps in India India’s cryptocurrency market faces another setback as Google Play, the leading app store for Android devices, has recently banned the popular crypto exchange apps Binance and OKX from its platform. The decision by Google comes amidst growing concerns over the lack of regulatory oversight in the…
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Binance agrees to USD 4 billion settlement in US crypto probe
In a landmark development, Binance, one of the largest cryptocurrency exchanges, has agreed to a massive USD 4 billion settlement following a probe conducted by US authorities. The settlement comes as a result of allegations of regulatory violations and concerns around anti-money laundering protocols. Binance, headquartered in the Cayman Islands but with a wide global…
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Binance launches its own self-custody Web3 wallet
Exciting news for crypto enthusiasts! Binance, one of the world’s leading cryptocurrency exchanges, has announced the launch of its very own self-custody Web3 wallet. This move marks a significant step towards decentralization and provides users with greater control over their digital assets. Binance Wallet The Binance Web3 wallet is designed to be a secure and…
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Binance stops accepting new clients in the UK
LONDON, UK – In a surprise announcement today, Binance, the world’s leading cryptocurrency exchange, declared that it will no longer accept new clients from the United Kingdom. As the largest cryptocurrency exchange by trading volume, Binance has been instrumental in facilitating various crypto transactions and investments globally. However, due to regulatory concerns, the company has…
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Binance to launch self-trade prevention mechanism
Binance to Launch Self-Trade Prevention Mechanism Introduction In a bid to enhance the trading experience and prevent potential risks, Binance, the world’s leading cryptocurrency exchange, has announced the launch of a comprehensive self-trade prevention mechanism. What is Self-Trading? Self-trading refers to a scenario where a single user unintentionally or intentionally creates multiple orders that are…
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Binance leaves Russia with sale to CommEX
Binance, one of the world’s largest cryptocurrency exchanges, has announced its decision to sell its operations in Russia to CommEX, a renowned financial services company. This move comes as Binance strategically focuses on expanding its international presence and optimizing its global operations. CommEX, with its strong foothold in the Russian market, is well-positioned to take…