Reading Time: 2 min Internet sleuth Coffeezilla has tweeted that his next big story will be on Binance, the world’s largest cryptocurrency exchange. He also said that Binance employees and ex-employees can reach him anytime if they have information that he can use for his story.
Reading Time: 2 min Binance Australia, the local arm of the world’s largest cryptocurrency exchange, has suspended deposits of Australian dollars (AUD). The company said the move was necessary due to “unforeseen circumstances.”
Binance Australia did not provide any further details about the circumstances that led to the suspension. However, it is believed that Westpac, one of Australia’s largest banks, has blocked payments to Binance Australia.
Westpac has not confirmed or denied that it has blocked payments to Binance Australia. However, the bank has a history of blocking payments to cryptocurrency exchanges. In 2017, Westpac blocked payments to several cryptocurrency exchanges, including Bitfinex and Kraken.
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Reading Time: 3 min Binance, one of the world’s largest cryptocurrency exchanges, has lost its Australian Financial Services Licence (AFSL) following a warning from the Australian Securities and Investments Commission (ASIC). The cancellation of Binance’s AFSL means that the exchange is no longer authorized to operate in Australia, and it must cease all its activities immediately. This article discusses the impact of this decision on Binance’s operations and the regulatory landscape for cryptocurrency exchanges in Australia.
Reading Time: 2 min Binance, one of the world’s largest cryptocurrency exchanges, has responded to the lawsuit filed by the US Commodity Futures Trading Commission (CFTC), denying allegations that it violated derivatives trading rules. The lawsuit highlights the challenges faced by regulators in overseeing the rapidly evolving cryptocurrency industry, and the need for more robust regulation to protect consumers and the financial system. While Binance’s commitment to regulatory compliance is commendable, it is clear that more needs to be done to ensure consumer protection and the stability of the financial system in the cryptocurrency market.
