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In a notable regulatory victory for Binance, the world’s largest cryptocurrency exchange by trading volume, the company announced that it had received approval to operate in Kazakhstan after facing ongoing regulatory hurdles, particularly in the United States.
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A Nigerian court is set to deliver its judgment on October 9 regarding the bail application of Tigran Gambaryan, a senior executive at Binance who has been detained for over six months.
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Crypto exchange Binance has been in the spotlight after online reports claimed the platform had mass frozen the crypto assets of all Palestinian wallets.
The news raised concerns among users and the crypto community, who criticized the alleged move.
Crypto exchange Binance is urgently appealing to the US government and global organizations to exert political pressure on Nigeria to secure the release of one of its top executives, Tigran Gambaryan, who has been “unjustly detained” for the past six months.
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On Thursday, the crypto community on social media site X (formerly Twitter) speculated that Binance co-founder and former CEO Changpeng Zhao, commonly known as CZ, had been released from prison a month before the end of his four-month sentence.
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In the aftermath of Binance’s settlement in 2023 with US authorities and the subsequent resignation and conviction of its former CEO Changpeng Zhao (CZ), the regulatory landscape appeared to have quieted down for the exchange and its key figure.
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