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OKX plans to hire 30 staff, Byun said, after opening an office last month in the Dubai World Trade Center in the business and financial hub of the United Arab Emirates.
June 18 (Reuters) – Binance has issued a cease and desist order to “Binance Nigeria Limited”, Binance CEO Changpeng Zhao said in a tweet on Sunday, calling the Nigerian company a “scammer entity”.
Earlier this month, the U.S.
Securities and Exchange Commission (SEC) sued Binance and Coinbase, another two of the largest crypto exchanges, for allegedly breaching its rules.
LAGOS, June 10 (Reuters) – Nigeria’s markets regulator has ordered the world’s largest cryptocurrency exchange Binance to halt its operations in the country, saying a local unit that courted Nigerian investors through a website was illegal.
The SEC on Tuesday asked a federal court to freeze Binance’s U.S. Binance.US called the motion “unwarranted”, saying it had addressed SEC concerns over the safety of customer assets.
The case comes on the heels of charges in March against Binance by another US regulator, the Commodities Futures and Exchange Commission, and as the company faces a legal probe in France on allegations of illegal trading and money laundering.
Elsewhere, the Turkish lira hit a new record low overnight of 23.54 per dollar, even as President Tayyip Erdogan’s appointment of a U.S.
banker as central bank chief sent a strong signal for a return to more orthodox policy.
LONDON, June 15 (Reuters) – The U.S.
affiliate of crypto giant Binance has carried out a round of layoffs since regulators last week charged it with violating securities laws and sought to freeze its assets, said two people with knowledge of the dismissals and employees’ social media posts.
NICOSIA, June 14 (Reuters) – Binance’s Cyprus unit has applied to be removed from Cyprus’ register of crypto asset service providers, the securities regulator website showed on Wednesday, in a move Binance said would allow it to focus on its larger European businesses.
Earlier this month, Nigeria’s markets regulator ordered Binance to halt its operations in the country, saying local unit “Binance Nigeria Limited” that courted Nigerian investors through a website was not registered or regulated, making it illegal.
A day later, the SEC asked a federal court to freeze Binance.US’ assets, including more than $2.2 billion held in crypto and some $377 million in U.S.
dollar bank accounts. The SEC expressed concern that the exchange could move those funds offshore.
Binance disputes the SEC charges. The reported investigation follows various setbacks for Binance including a June 5 decision by the U.S.
Securities and Exchange Commission (SEC) to charge the company with evading securities laws.
The SEC alleged in 13 charges on Monday that Binance had in a “web of deception” artificially inflated trading volumes and diverted customer funds, as well as failing to restrict U.S.
customers from its platform.
Under the agreement, which does not resolve the SEC lawsuit, Binance.US will take steps to make sure that no Binance Holdings officials have access to private keys for its various wallets, hardware wallets or 币安手续费 root access to Binance.US’s Amazon Web Services tools, the court filings showed.
Crude oil edged higher but gains were tempered by a report that the United States and Iran were close to a nuclear deal, although denials from both parties kept it off the previous session’s lows.
“The fact that BlackRock, a well-respected and established asset management company, has filed for a Bitcoin ETF could be seen as a positive development in the quest for regulatory approval,” said Joshua Chu, group chief risk officer at blockchain technology group XBE, Coinllectibles and Marvion.
To make certain that U.S.
customer assets do not go offshore, the agreement allows only Binance.US employees access to these assets. The agreement, disclosed in court papers filed late on Friday, still requires the approval of the federal judge overseeing the litigation.
PARIS, June 16 (Reuters) – Binance is under preliminary investigation for illegal canvassing of clients and money-laundering, the Paris prosecutor’s office said on Friday, the latest in a series of setbacks for the world’s largest crypto exchange.
“If we don’t see that regulatory clarity emerge in the US we may have to consider investing more elsewhere in the world,” Coinbase CEO Brian Armstrong told a conference in London.