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According to a recent Reuters report, a senior US regulator has suggested that the $4.3 billion settlement reached with Binance last month may represent a turning point in enforcement actions against cryptocurrency firms.
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According to a Reuters report, the cryptocurrency industry has witnessed a surge in lobbying spending as companies strive to repair their reputations and advocate for favorable legislation.
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A senior U.S. regulator has suggested that the $4.3 billion settlement with Binance last month could represent a peak in enforcement actions against cryptocurrency firms. The settlement, which was for breaching U.S.
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Binance, the world’s leading cryptocurrency exchange, has introduced a zero-fee trading initiative for six FDUSD spot and margin trading pairs in the thick of the surge in the cryptocurrency market lately.
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“As part of the settlement, CZ cannot be involved in the day-to-day running of the company’s operations,” Richard Teng explains.
Despite that, the incumbent CEO of Binance cuts the figure of a man reveling in the challenges ahead.
In the last few weeks, the Binance exchange has had to weather a storm, settling with the US Department of Justice (DOJ), alongside other US regulatory agencies, to pay a $4.3 billion fine for breaching US laws on money laundering and sanction violations.
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In a striking revelation reported by Bloomberg, Binance, the world’s largest crypto exchange, discretely previewed its impending $4.3 billion settlement with US authorities to its VIP traders.
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30As negotiations between Binance and U.S. authorities over legal violations came to a head in September, select high-value traders got an inside look at what was to come, according to new reporting from Bloomberg.
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Superstar soccer player Cristiano Ronaldo is currently entangled in a class-action lawsuit that alleges investor damages resulting from his endorsement of cryptocurrency exchange Binance.
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Binance, the world’s largest cryptocurrency exchange, recently announced the successful execution of the world’s first cryptocurrency triparty arrangement in collaboration with a third-party banking partner.
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Ethereum’s staking pool dynamics have undergone a significant transformation amidst the buzz surrounding Binance and CZ’s legal challenges and the heightened regulatory scrutiny on centralized exchanges.
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In a significant development, Binance revealed that it will no longer be supporting its BUSD stablecoin. Binance will remove BUSD from both spot and margin trading pairings in a staggered manner, encouraging users to move their BUSD holdings to other assets.
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Binance unveiled a new program that lets institutions trade without depositing to the exchange.
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