Binance
Recent News About Binance
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Binance, TRM Labs assist in arrest of Islamic State-affiliated individuals
A collaborative effort between Binance, the largest crypto exchange in the world, TRM Labs, a blockchain intelligence firm, the Financial Monitoring Department of the National Bank of Tajikistan and law enforcement agencies in Tajikistan has led to the arrest of multiple individuals associated with Islamic State – Khorasan Province (ISKP), an affiliate of the militant Islamic State group, Binance announced in an Aug. 25 blog post.
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Leading cryptocurrency exchange Binance considers cutting ties with Russia
Binance, the largest cryptocurrency exchange in the world, announced that it may fully withdraw its business from Russia days after it announced the removal of sanctioned Russian banks from its platform. Several other crypto exchanges remain active in the country.
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As Taiwan opens its doors to crypto, users embrace industry leaders’ focus on ‘community,’ ‘education,’ and ‘forward thinking’
Chou, a Binance user from Taiwan, said he first became interested in cryptocurrency several years ago after realizing how difficult it would be to accumulate wealth from his job alone.
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Binance is first fully licensed cryptocurrency exchange in El Salvador
Binance, the largest cryptocurrency exchange in the world, was recently granted a Bitcoin Services Provider license (BSP) as well as the first-ever non-provisional Digital Assets Services Provider license (DASP) by El Salvador's central bank and National Commission of Digital Assets, making Binance the first fully licensed crypto exchange in El Salvador, according to a press release. Binance is now registered and approved in 18 markets around the world – more than any other exchange – but it still faces regulatory scrutiny in the U.S.
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Binance announces new deputy chief compliance officer
Binance, the largest cryptocurrency exchange in the world, has announced that Kristen Hecht, who was formerly the company's Global Head of Corporate Compliance, is now Binance's new Deputy Chief Compliance Officer (CCO) and Global Money Laundering Reporting Officer (GMLRO). Hecht has 17 years of experience, including almost 10 years with the U.S. Treasury Department's Office of Terrorist Financing and Financial Crimes.
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Binance Charity provides update on Women in Tech initiative
Binance Charity, the philanthropic arm of the largest cryptocurrency exchange in the world, recently provided an update on its educational initiative with Women in Tech. Binance Charity said the goal of the partnership is to educate women and girls about blockchain technology, providing them with more professional opportunities.
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Binance's head of Law Enforcement Training: 'Our mission is to maintain the highest level of security for our users and the broader cryptocurrency community'
Jarek Jakubcek, the head of Law Enforcement Training at Binance, the largest cryptocurrency exchange in the world by volume, said in a July blog post that his team is dedicated to protecting Binance users as well as all consumers in the crypto industry. The crypto exchange's Investigations team works to proactively protect users from crimes like phishing scams and investment fraud.
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Binance leads the crypto industry with women 'front and center'
An employee at Binance, the largest cryptocurrency exchange in the world, told Globe Banner on July 13 that she feels fortunate to have female leaders, including Yi He, to look up to.
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Binance ‘formally recognized by Israel's National Bureau for Counter Terror Finance’ for assisting in seizing Hezbollah funds
Binance, the largest cryptocurrency exchange in the world, is being recognized by the Israeli government for its role in assisting in the seizure of funds tied to the terrorist organization Hezbollah. Binance said its Sanctions Investigation Team and members of its other compliance teams helped Israel’s National Bureau for Counter Terror Financing (NBCTF) and the Israeli National Cybercrime Unit identify and freeze the funds.
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Industry insider on SEC v Binance: 'Rarely are government agencies denied a TRO by the courts'
U.S. District Court Judge Amy Berman Jackson denied the U.S. Securities and Exchange Commission's (SEC) request for an emergency temporary restraining order (TRO) against Binance, the world's largest crypto exchange, which would've allowed the SEC to freeze the company's U.S. assets, according to CoinTelegraph.
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Former CFTC commissioner: SEC lawsuits ‘continue the pattern of an irresponsible regulation-by-enforcement approach that hurts entrepreneurs, investors and consumers’
Former CFTC Commissioner Brian Quintenz, now the head of policy at venture capital firm Andreessen Horowitz, is criticizing the U.S. Securities and Exchange Commission (SEC) for suing cryptocurrency companies for allegedly violating securities laws, saying the SEC’s litigation is not helping to protect consumers or provide clarity to the crypto industry. He warned that if the SEC continues on its current path, innovators will move out of the country into jurisdictions that have clearer crypto regulations.
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Crypto analyst calls SEC lawsuit 'kind of endorsement of Binance'
A leading industry analyst says the U.S. Securities and Exchange Commission's lawsuit against cryptocurrency giant Binance is "kind of an endorsement" of the firm.
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Paxful CEO on suspension of operations: 'Regulatory challenges for the industry continue to grow'
Ray Youssef, the CEO and founder of Paxful, a peer-to-peer cryptocurrency exchange, has announced that due to the regulatory climate in the U.S., as well as several staff departures, Paxful is suspending its operations and is not sure if they will resume.
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Binance investigator warns public of 'pig-butchering' investment fraud
As the head of intelligence and investigations at the largest crypto exchange, Erin Fracolli’s number one goal is to keep users safe, but there’s a growing scam taking place online in which victims are being romanced into investing in fake cryptocurrency.
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DigiCash founder optimistic about the future of cryptocurrencies: 'they are far and away the best way to move value around'
DigiCash founder David Chaum is known as the “Godfather of Crypto,” and he thinks he has an idea that people can’t refute.
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Binance launches updated Proof of Reserves system: Advanced technology “enhances privacy, security, & reliability”
Binance, the world's largest crypto exchange, has implemented zk-SNARKs, zero knowledge proof protocols, to launch a new Proof of Reserve (PoR) that enables users to verify that all of their holdings are backed 1:1, and that Binance has additional reserves to cover user assets, a company spokesperson said.
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Senate Committee announces hearing on 'Why Financial System Safeguards are Needed for Digital Assets'
The Senate Committee on Banking, Housing and Urban Affairs has announced that it will hold a full committee hearing titled "Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets" on Feb. 14. U.S. Senator Tim Scott, a ranking member on the committee, said that working to develop a framework for the regulation of digital assets is one of his top priorities for this Congressional session.
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HM Treasury: 'The government’s firm ambition is for the UK to be home to the most open, well-regulated and technologically advanced capital markets in the world'
The United Kingdom's (UK) economics and finance ministry, HM Treasury, has released a consultation paper that outlines proposals for a new regulatory regime, informed by recent market developments including the bankruptcy of crypto exchange FTX, as part of an ongoing effort to position the UK at the forefront of the crypto sector.
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Georgian Agency for Innovation and Technology: 'Binance will ensure the implementation of its own educational and charity programs in Georgia'
Avtandil Kasradze, Chairman of the Georgian Agency for Innovation and Technology (GITA), said Binance, the world's largest crypto exchange, and GITA have signed a memorandum of understanding (MoU) and will launch educational and community initiatives in Georgia.
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Binance Charity Tech Scholar: 'I’m so excited that I got the scholarship!'
Binance, the world's largest crypto exchange, has partnered with Utiva to provide full scholarships through Binance Charity to African young adults to teach them about blockchain and Web3 skills in an effort to bolster Africa's tech community and reduce unemployment across the continent. Binance's goal is to provide educational programs to 50,000 young adults, and they recently announced that they have awarded 1,000 full scholarships. Miracle C. Amakom, a Binance Charity Tech Scholar from Cameroon, said the educational program will help her work towards her professional goals.