Summary: Several senior executives including CSO Patrick Hillmann, SVP for compliance Steven Christie, and General Counsel Han Ng said they...
Binance's top executives including the Chief Strategy Officer and General Counsel, have quit the company. The executives blamed their departure at CEO Changpeng Zhao's handling of the investigation by the U.S. Department of Justice.
Binance has lost more than 10% of its spot market share in 2023. Meanwhile Binance US' market share has slipped below 1%. The recent regulatory crackdown and lawsuits by the CFTC and SEC have been blamed for the tanking market share.
Summary: Australia’s securities regulator searched the office premises of Binance Australia as part of an ongoing investigation, Bloomberg reported. This...
Summary: Bybit will offer crypto exchange and digital asset custody services to users in Cyprus after bagging a license in...
Belgium's Financial Services and Markets Authority (FSMA) has ordered Binance to cease all operations and crypto services. The exchange has been ordered to return all crypto assets belonging to Belgian clients.
Binance US' banking partners have expressed their intention to suspend fiat (USD) withdrawals as soon as June 13, 2023. The crypto exchange has decided to suspend USD deposits today.
Summary: The measures introduced by the CBA include holds, declines, and limits on outgoing transfers to crypto exchanges. CBA will...