Binance to cease BUSD lending services by October 25
Binance is carrying out a phased termination of BUSD-related services. BUSD withdrawals via various blockchain networks were suspended last month. Binance is currently locked in a legal battle with the…
BREAKING: Binance exits Russia, sells business to CommEX
Binance fully exits Russia with sale of business to CommEX. Transition will last a year, the exchange said in an announcement on Wednesday, September 27. Binance has announced its exit…
Binance reopens exchange services in Belgium
Binance announced on Monday, September 25, that it had reopened customer registrations in Belgium. The exchanges products and services are also accessible in the country to customers who accept new…
US court denies SEC request to look into Binance US
A US District Judge has rejected SEC’s request for an inspection of Binance US documents. Binance US stood firm on its stance calling the regulatory watchdog’s request “overboard”. SEC’s request…
Binance US reduces staff by a third, CEO leaves
Binance US has been facing regulatory pressure from the SEC. Binance’s US cryptocurrency market share dropped from more than 22% in April to approximately 0.9% by June 26. Norman Reed,…
First Digital USD (FDUSD) reaps big as Binance cease BUSD support
Binance aims to stop support for BUSD by February 2024. The Binance USD stablecoin was being issued by Paxos before the New York Department of Financial Services ordered it to…
Binance to serve Belgian users via Polish arm
Binance users in Belgium can continue accessing services via its Poland-based unit. The exchange had revealed plans to work with the Belgian regulator in June. Belgium’s Financial Services and Markets…
Binance halts crypto card support for Latin America, Middle East
Binance has notified its Latin America and Middle East customers that its cryptocurrency-backed debit card will not be available from September 21, 2023. The exchange notes that ending support for…
Binance US revives US dollar on-ramp after MoonPay partnership
Binance.US lost its banking partners after the SEC filed a lawsuit against Binance and its affiliates. It had announced it was switching to a crypto-only exchange after failing to get…
Checkout.com terminates Binance support over AML concerns: report
Credit card processor Checkout.com cuts ties with Binance over AML concerns. Binance is reportedly considering legal action, Forbes said in a report published August 18. Binance recently announced it was…