Topic: Binance

The former CEO of Binance, a crypto currency exchange company that broke US anti-money laundering laws, has been told he cannot go home to the United Arab Emirates.

The fourth-largest crypto exchange FTX.com could face bankruptcy if it does not secure funding to cover a shortfall of as much as US$8 billion.

Changpeng Zhao, the CEO of cryptocurrency exchange Binance, this week filed a suit in Hong Kong against the local publisher of Bloomberg Businessweek over a June article.

The Dutch central bank has imposed a EUR3.325 million administrative fine on Binance for offering crypto services without the legally required registration.

Changpeng ‘CZ’ Zhao, CEO of beleaguered crypto exchange Binance, has described clear regulations as critical for growth of the virtual asset industry in an open letter this week.

The Cayman Islands Monetary Authority announced that the Binance Group and Binance Holdings Limited are not registered, licensed, regulated or otherwise authorised to operate a crypto-currency exchange from or within the Cayman Islands.

The Financial Conduct Authority has warned that Binance is not allowed to offer regulated services in the UK.

Crypto exchange Binance is suing Forbes and two of its journalists for defamation, after the business magazine published an article on 29 Oct. based on a leaked document.