Binance
Recent News About Binance
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A White House blog post said that the administration has been researching the potential risks posed by cryptocurrency for the last year and assessing how different authorities can mitigate those risks.
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U.S. Sen. Tim Scott, a ranking member on the Senate Committee on Banking, Housing and Urban Affairs, said that working to develop a framework for the regulation of digital assets is one of his top priorities for this Congressional session.
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Binance, the world's largest crypto exchange, announced that it would delist the token BEAM.
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The collapse of crypto exchange FTX in November has sparked discussions over what regulating the digital asset landscape could or should look like. The SEC is stepping up its efforts to police the crypto sector, with Chairman Gary Gensler recently announcing tens of millions in fines penalizing Nexo for failing to properly register its crypto asset lending product. Many prominent figures in the crypto industry are voicing their opinions on what regulation should look like moving forward, such as Andre Cronje, co-founder of Fantom Foundation, who believes that regulating the crypto industry as a whole is "infeasible," but instead regulatory focus should be on licensing for entities that issue or manage cryptocurrencies.
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Helen Hai, the head of Binance Charity, the philanthropic arm of crypto exchange Binance, recently said that the charity has partnered with international NGOs to launch a crypto-to-cash assistance program, enabling refugees that have been displaced because of the war in Ukraine to be able to spend money received through donations without having to pay bank transfer fees or navigate bank shutdowns. The program has enabled thousands of refugees to access emergency financial aid by using the first-of-its-kind Binance Refugee Card.
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A spokesperson for Binance, the largest cryptocurrency exchange by trading volume in the world, said Binance has a highly skilled financial crimes team comprised of former members of international law enforcement agencies that works to protect legitimate Binance users.