On November 21, 2023, the Commodity Futures Trading Commission (CFTC), the Department of Treasury’s Finance Crimes Enforcement Network (FinCEN), its Office of Foreign Assets Control (OFAC), and the Department of Justice (DOJ) all settled charges against Binance, the world’s largest cryptocurrency exchange, and its Chief Operating Officer, Changpeng Zhao (CZ). The settlement concerned a variety […]
Portuguese football icon Cristiano Ronaldo is facing a lawsuit which accuses him of participating “in the offer and sale of unregistered securities in coordination with Binance.” One of Ronaldo’s latest social media posts suggests that he is still collaborating with the cryptocurrency exchange. Ronaldo’s Coordination With Binance The celebrity Portuguese footballer and one of …
Arthur Hayes, the former CEO of Bitmex, has explained what he thinks led to the billionaire settlement between Binance, its former CEO Changpeng ‘CZ’ Zhao, and the U.S. Department of Justice (DOJ). He detailed that the growth of Binance, a structure that was outside the control of the economic and political establishment of the Pax […]
Crypto exchange Binance is not a registered corporation in the Philippines hence its activities in the country are not above board, the Asian country’s securities regulator has said. The regulator warned of a possible jail term for individuals found enabling Binance’s activities in the Philippines. Licensed Overseas Organizations Still Need to Get Local Approval …
Coinbase CEO Brian Armstrong says the enforcement action against Binance has allowed the crypto industry to “turn the page.” He emphasized: “There are many, many companies in crypto that are helping build the crypto economy and update our financial system globally. But many of them are still small startups, so I think getting regulatory clarity […]