“But as a lawyer, I feel obliged to echo the advisory of SEC. And it should not matter whether it is a cease-and-desist order, the advisory is clear and we should take heed of that.”
Learn about the diverse reactions within the Filipino crypto community to recent SEC warnings on Binance’s unauthorized activities in the Philippines.
Update: Binance says that under its new leadership, it will take steps to address the SEC’s concerns.
This move comes just after the SEC recently said it will start naming unlicensed exchanges in its advisories going forward, as well as working with the National Telecommunications Commission (NTC) to block access to the exchanges’ websites.
Binance’s new CEO, Richard Teng, assures strong fundamentals amid recent challenges. Analysis suggests potential settlement of a $4.3B DOJ fine without crypto asset sales.
In a major victory for the U.S. government, cryptocurrency exchange Binance has pleaded guilty to violating the Bank Secrecy Act (BSA) and causing a financial institution to violate the BSA. The company will pay a $4.3 billion fine, which is among the largest penalties ever obtained from a corporate defendant. The charges against Binance stem…
The Binance Web3 Wallet uses Multi-Party Computation (MPC) technology to protect user funds without the need for seed phrases.
Binance rebrands Feed to Binance Square, a social platform for crypto enthusiasts with content creation and monetization features.
The crypto exchange giant assured that the assets of all Russian Binance users are safe and protected, adding that the off-boarding process is expected to take up to a year.
Users must convert or withdraw BUSD by October 27, 2023.