Global #binance

The Changpeng Zhao trial, which is well-known in the digital asset field as CZ, demonstrated how important cooperation is to the outcome.

Changpeng Zhao, the former CEO of Binance, will spend four months in prison for not putting in place sufficient anti-money laundering measures at the cryptocurrency exchange.

An executive working in the region claims that traders headquartered in the Philippines now have to cope with higher trading costs and fewer crypto tokens to pick from as a result of Binance being kicked out of the nation.

One of the top cryptocurrency exchange platforms, Binance, declared that, starting on April 30, 2024, it will provide additional trading pairs and trading bot services on the Spot platform.

Binance bases its SEC defense approach on the Mango Markets case. Binance defends itself against the U.S. government by employing a legal tactic from a previous case. Commission on Securities and Exchanges (SEC).

Because DUSD is almost solely utilized as a trading pair on Binance, it has grown to become the fourth-largest stablecoin by market capitalization.

A class action complaint against Binance, alleging the cryptocurrency exchange is selling unregistered crypto derivative products and breaking securities legislation, has been approved by Ontario's higher court.

The criminal trial involving two of Binance's principal workers and the cryptocurrency exchange will not begin until May 17. This deferral was ordered by the Nigerian court as Binance had not received official charges.

The bail request of Tigran Gambaryan, the CEO of Binance who is now being jailed at the Kuje detention center, was delayed by a Nigerian court. The commissioner for the economy and financial crimes filed an application with Justice Emeka Nwite, the head of the Federal High Court in Abuja, requesting an extension of time to provide a thorough answer to the charges that Gambaryan's attorney had added to his defense.

The Indian government originally outlawed Binance, but now it is poised to return after agreeing to pay a hefty fine of about $2 million.

Binance has transferred $1 billion from its Secure Asset Fund for Users (SAFU) to USD Coin (USDC), the stablecoin created by Circle. This means that the fund now accounts for about 3% of the stablecoin's total supply that is in circulation.

Bitcoin exchange Binance is thinking about coming back into the Indian market after being prohibited there in late 2023. The possible re-entry would come with a $2 million fine.