Binance Belgium Resumes Operations Three Months After Regulatory Ban
Binance Belgium, the Belgian wing of the world’s largest crypto exchange, has reopened its operations three months following a ban from the nation’s financial market regulator. On June 23, Belgium’s Financial Services and Markets Authority (FSMA) directed the exchange to cease offering services to the Belgian market because it operates from nations outside the European […]
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Prominent cryptocurrency exchange Binance has devised a strategy to save its Belgian market following a suspension order by Belgium’s financial market regulator in June. The world’s largest exchange was ordered to cease its operations in Belgium because it offered crypto services from countries outside the European Economic Area (EEA). Related Reading: Bitcoin Lightning Network On […]
Former acting Comptroller of the Currency Brian Brooks has resigned as the CEO of Binance U.S. after just over three months. He cited “differences over strategic direction.” Meanwhile, Binance is facing regulatory scrutiny worldwide, including in the U.K., Malaysia, Japan, Cayman Islands, Hong Kong, Thailand, Germany, and Lithuania. CEO of Binance US Resigns The CEO of Binance U.S., Brian Brooks, announced Friday on Twitter that he has resigned from Binance. The former acting Comptroller of the Currency and former chief legal officer at cryptocurrency exchange Coinbase tweeted:....
Cryptocurrency exchange Binance announced Thursday it is closing its Korea operations after eight months of operating due to low usage and volume.
While battling regulatory scrutiny in the US and facing lawsuits from the US SEC, Binance runs into another potential hurdle and struggles with accusations that may see the crypto exchange permanently withdrawing all operations in Russia. Binance Contemplates Leaving Russian Markets For Good Binance, the company that operates the largest cryptocurrency exchange by trading volume, […]
After the U.K.’s Brexit result, European countries have been attempting to overthrow the U.K. from the top position as a FinTech hub location. One European country that isn’t, however, is Belgium. Instead, Belgium wants to create a bridge that supports FinTech startups between the two countries. According to Finextra, Johan van Overtveldt, Belgium’s finance minister, has begun talks with U.K. FinTech agency Innovate Finance to get the two countries collaborating together. Last October it was reported by Innovate Finance that while venture capital funding for FinTech companies grew around....