The Philippines SEC has reported that crypto exchange Binance has been operating illegally in the country. On November 28, the Securities and Exchange Commission (SEC) of the Philippines warned the public that Binance does not have the necessary authorization to sell or offer securities in the nation. In order to
The world-renowned footballer Cristiano Ronaldo is embroiled in a class action lawsuit that claims he caused investor losses via promotion of the crypto exchange Binance. Ronaldo is accused of encouraging and taking part in the sale of unregistered securities on the Binance exchange in a complaint that was filed in
Along with his resignation as CEO of Binance, Changpeng Zhao (CZ) will also be stepping down as head of the board of directors for Binance US, an exchange established in the U.S. Following the announcement of a $4.3 billion settlement between U.S regulators and Binance and CZ on November 21,
Richard Teng, Binance’s newly selected CEO, has recently provided briefings in which he discusses the exchange’s strategic actions and his own activities. His most recent post on twitter, however, provides insight into the exchange’s goals in the dynamic Web3. Notably, Teng defines Binance’s dedication to users and cooperation inside the
In a week marred by legal upheaval, Binance, the world’s largest cryptocurrency exchange, found itself embroiled in an event that reverberated across global financial spheres. The exchange was hit with criminal charges alleging violations of sanctions and money transmitting laws, culminating in a historic $4.3 billion settlement with the U.S.
Former Binance CEO Changpeng Zhao (CZ) is at the center of a courtroom confrontation in the legal controversy. The attorneys for CZ are vigorously opposing U.S. Justice Department (DOJ) attempts to block his return to the UAE until his sentence for anti-money-laundering (AML) violations. CZ’s recent guilty plea involved Binance
The US Commodity Futures Trading Commission (CFTC) has issued a warning to various other cryptocurrency exchanges, two days after Binance’s $4.3 billion settlement with United States authorities was finalized. On Tuesday, former CEO Changpeng Zhao (CZ) pleaded guilty and resigned. Binance should pay penalties totaling $4.3 billion, with $50 million
Ethereum (ETH) recently experienced a surge above the crucial $2,050 mark, sparking anticipation of a potential rally toward the $2,300 level. However, the current market situation prompts curiosity about the influential factors, particularly the regulatory challenges faced by Binance following its plea deal with the U.S. Department of Justice. The
According to a court petition made by federal prosecutors on Wednesday, Changpeng Zhao (CZ), the former CEO of Binance, cannot be permitted to leave the U.S. until his February sentencing on one allegation of infringing the Bank Secrecy Act. Along with Binance’s guilty plea to numerous criminal and civil charges
Fans will also have an opportunity to meet the famed F1 driver during the Abu Dhabi Grand Prix via the Pierre Gasly fan experience. Binance has announced the winning design of BWT Alpine F1 Team driver Pierre Gasly’s helmet for the upcoming Abu Dhabi Grand Prix on November 26, 2023.
