Binance unit inside Turkey hit with great over AML non-compliance
Binance Turkey

Binance unit inside Turkey hit with great over AML non-compliance

Binance is in trouble yet again. A Turkish watchdog has charged the local unit of the digital currency exchange with violating anti-money laundering requirements and imposed the highest possible fine.  The Financial Crimes Investigation Board (MASAK) imposed a fine of 8 million lira ($750,000) on BN Teknoloji, the local unit of the cryptocurrency exchange.  According…

Fine of $750,000 Imposed on Binance Turkey
Binance Cryptocurrency Imposed

Fine of $750,000 Imposed on Binance Turkey

Turkey’s Financial Crimes Investigation Board (MASAK) just filed a lawsuit against Binance Turkey after the major exchange failed to pass the investigation of the Law on Prevention of Laundering Proceeds, or the AML Law.According to Ankara-headquartered news Anadolu Agency, MASAK conducted an audit of Law No. 5549 to examine financial documents and KYC reports as…

Binance Gets an Authorization from Bahrain and an excellent from Turkey + More Information
approval Binance

Binance Gets an Authorization from Bahrain and an excellent from Turkey + More Information

Source: AdobeStock / burdunGet your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Exchanges newsBinance received in-principle approval from the Central Bank of Bahrain (CBB) to establish itself as a cryptoasset service provider in the Kingdom of Bahrain. The in-principle approval from CBB still…

Binance and FTX Competing for Landmark Barcelona Clothing Sponsorship Deal  Report
Binance Competing

Binance and FTX Competing for Landmark Barcelona Clothing Sponsorship Deal Report

Source: AdobeStock / Анастасия МаленкоTwo major crypto exchanges – Binance and FTX – are preparing to go head-to-head in a battle to become the main shirt sponsor of the football giant FC Barcelona, a new report has claimed.The existing ties between the cash-strapped club and crypto are already substantial. The Catalan club’s current sponsor is…

Binance re-engaged with FCA to become registered inside UK: Changpeng Zhao
‘re-engaged’ Binance

Binance re-engaged with FCA to become registered inside UK: Changpeng Zhao

Home » Business » Binance ‘re-engaged’ with FCA to become registered in UK: Changpeng Zhao After years of ignoring and even openly flouting global financial regulations, 2021 has been the year of reckoning for the Binance exchange. Regulators in over a dozen jurisdictions have booted it out or issued warnings against it. These include the…

Binance Singapore arm acquires 18% stake in personal stock market
Binance Singapore

Binance Singapore arm acquires 18% stake in personal stock market

Binance’s most recent acquisition is still subject to some regulatory requirements…

Binance Wise Chain, Animoca To Wager USD 200M On Crypto Gaming Startups
Binance Smart

Binance Wise Chain, Animoca To Wager USD 200M On Crypto Gaming Startups

Source: AdobeStock / mehaniq41Binance Smart Chain (BSC) has unveiled a USD 200m investment program developed in partnership with Animoca Brands, a company focused on non-fungible token (NFT) and gaming digital property rights – aiming to finance early-stage blockchain-based gaming startups.BSC is a blockchain network built for running smart contract-based applications, launched by major crypto exchange…

Binance Boss CZ Is Richest Ethnic Chinese Person Alive, Report Claims
Binance Richest

Binance Boss CZ Is Richest Ethnic Chinese Person Alive, Report Claims

Changpeng Zhao. Source: a YouTube video screenshot.The Binance Founder and CEO Changpeng “CZ” Zhao is the richest ethnic Chinese person alive, a new article has claimed – although mainstream Chinese media outlets appear reluctant to report on the news.The claim was made by the outspoken media outlet Caijing on Weibo and reported on in detail…

Binance opens layer-two ETH deposits with Arbitrum A single integration
Binance opens

Binance opens layer-two ETH deposits with Arbitrum A single integration

Binance users can now deposit any ERC-20 tokens from the Ethereum network using Arbitrum quickly and at a reasonable cost…

Binance Review: The World’s Leading Cryptocurrency Exchange?
Binance Cryptocurrency Review

Binance Review: The World’s Leading Cryptocurrency Exchange?

At this time, the digital currency exchange market is filled with a wide variety of choices, therefore choosing the right exchange or trading platform can be quite a headache for both novice and veteran cryptocurrency users.Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island…