Tag: binance

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Financial Penalty Imposed by India’s FIU The Financial Intelligence Unit (FIU) of India has levied a substantial fine of $2.2 million (approximately Rs 18.82 crore) on Binance, the largest global cryptocurrency exchange. Conditional Approval Granted to Restart Services Binance has received conditional approval from India’s anti-money laundering agency to restart its operations in India, following […]

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Binance has recently implemented a policy change in India, discontinuing the option for cash deposits in peer-to-peer (P2P) cryptocurrency transactions. This move blocks Indian users from buying or selling cryptocurrencies using cash payments. Binance Ends Cash Payment Method For P2P Users in India Previously, Binance offered an escrow service that facilitated transactions once cash had […]

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Portuguese football superstar Cristiano Ronaldo has launched his fourth non-fungible token (NFT) collection in collaboration with Binance, the world’s largest cryptocurrency exchange. The new collection, set to debut on May 29 on the Binance NFT Marketplace, will celebrate Ronaldo’s career under the theme ‘Forever Worldwide: The Road to Saudi Arabia’. The collection chronicles Ronaldo’s journey […]

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BounceBit has revealed its plan to democratize high-yield Bitcoin investing opportunities by integrating centralized and decentralized finance. BounceBit, a new Bitcoin restaking startup supported by Binance, has outlined its 2024 roadmap, detailing key initiatives for this year. In a Medium blog post on May 20, BounceBit announced its goal to merge the structure and liquidity […]

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KEY POINTS After admitting to money laundering violations in November, Binance founder Changpeng Zhao was given a four-month prison term on Tuesday. Although U.S. prosecutors proposed a 36-month sentence, Zhao received less. Following his legal agreement with the Justice Department, the cryptocurrency billionaire resigned as CEO of Binance. On Tuesday, Changpeng Zhao, the billionaire founder […]

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Changpeng Zhao continues to dominate Forbes’ roster of cryptocurrency billionaires. What is the secret behind his immense wealth? Changpeng Zhao has consistently ranked among the richest individuals, despite facing legal challenges and accruing billions in fines in 2023. In early April, Forbes refreshed its billionaire roster, showcasing 17 figures from the crypto sector. Once more, […]

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Binance, the largest cryptocurrency exchange globally, has obtained a long-awaited regulatory license in Dubai. Binance acquired its Virtual Asset Service Provider (VASP) license after co-founder Changpeng Zhao surrendered his voting power in the exchange’s local entity, as revealed by Binance CEO Richard Teng to Bloomberg on April 18. The final requirement from the Virtual Assets […]

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The Nigerian government has imposed a substantial fine of $10 billion on Binance as part of its efforts to stabilize the country’s local currency. Bayo Onanuga, special adviser on information and strategy to President Bola Tinubu, disclosed this fine in an interview with the BBC, as reported by Premium Times on Friday. According to Onanuga, […]

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Binance to Delist Four Tokens on February 20th Binance, one of the world’s leading cryptocurrency exchanges, has announced the delisting of four tokens: Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR). The decision comes as part of Binance’s routine review process, ensuring that listed digital assets meet stringent standards. Delisting date set On February […]

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The Nigerian government has imposed a substantial fine of $10 billion on Binance as part of its efforts to stabilize the country’s local currency. Bayo Onanuga, special adviser on information and strategy to President Bola Tinubu, disclosed this fine in an interview with the BBC, as reported by Premium Times on Friday. According to Onanuga, […]