Binance website is down
The need for people to gather in the same place to swap information and securities is fast disappearing. One year Into his term, Republicans are exploiting his inability to pass legislation that would clarify his position. Crypto exchange Binance has restricted the personal accounts of some Nigerian users to comply with antimoney laundering regulations and ensure the security of the platform for traders. Many Nigerians trading on the Binance platform complained recently of inability to initiate or complete transactions. Users from the West African nation have faced challenges trading crypto since the Central Bank of Nigeria in asked lenders not to transact with cryptocurrency exchanges and ordered digital currency traders to shut down accounts.
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- Cryptocurrency traders seek damages from Binance after a major outage cost them millions
- Binance to halt offering some products in Singapore after MAS warning
- Is Binance Down Right Now?
- What’s going on with Binance? The low-down on the drama-ridden crypto exchange
- Binance.US Review: A Low-Fee Exchange for U.S. Investors
- Binance CEO ready to quit as world's biggest crypto exchange seeks to be 'fully regulated'
- Crypto price crash: Coinbase, Binance and other major exchanges break as bitcoin plunges
Cryptocurrency traders seek damages from Binance after a major outage cost them millions
New York CNN Business Britain's financial regulator has banned Binance, one of the world's biggest cryptocurrency exchanges, from offering certain services in the country. US wants to make crypto more accessible.
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US economic growth in was the strongest since EU considers economic warfare against Russia. A brief look back at Peloton's bumpy ride. Expect another frustrating tax season. Here's why. Where are all the workers? Here are four reasons behind the labor shortage. Trading cryptocurrencies is not directly regulated in the United Kingdom, but other related activities — such as selling derivatives — do require approval.
The move against Binance is the latest in a series of crackdowns by regulators around the world that have rattled crypto investors and caused prices to decline. The company has until Wednesday to display a notice on its website that reads: "Binance Markets Limited is not permitted to undertake any regulated activity in the UK. Read More. The statement from the regulator also included a warning about the volatility of the crypto markets.
Our relationship with our users has not changed," the spokesperson added. The regulators said the platform may be operating in the country without proper authorization. Binance will no longer service customers in Ontario, Canada, as of December 31 after regulators there ramped up oversight of crypto markets.
China has also cracked down on the crypto sector in recent months. The country has curbed mining activity and told major payment platforms and lenders that cryptocurrency trading won't be tolerated. Crypto prices have tumbled of late as a result of the increased regulatory attention. And shares in cryptocurrency exchange Coinbase fell, nearly reaching an all-time low just two months after the platform went public.
Binance to halt offering some products in Singapore after MAS warning
Is Binance Down Right Now?
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What’s going on with Binance? The low-down on the drama-ridden crypto exchange
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Binance.US Review: A Low-Fee Exchange for U.S. Investors
Binance may be in breach of the Payments Services Act for providing payment services to, and soliciting business from Singapore residents without an appropriate licence, the Monetary Authority of Singapore MAS said. While Binance has also drawn scrutiny from regulators in the US, the UK, Thailand, Malaysia and Japan, many crypto bulls say tougher frameworks are a sign of market maturity. Offering more protection for investors, they say, could lure more money to digital assets. BAS recently submitted a licence application, and is currently exempted from holding a licence for the provision of digital payment token services, according to the MAS. That application remains under review.
Binance CEO ready to quit as world's biggest crypto exchange seeks to be 'fully regulated'
Crypto price crash: Coinbase, Binance and other major exchanges break as bitcoin plunges
Sable Martin, 25, a biology graduate and expectant mother in Atlanta, spends her days trading stocks. On May 19, everything changed. She started seeing reports that Binance, the world's largest crypto exchange by trading volume, according to CoinMarketCap , was crashing and preventing people from moving their money, while others were saying their accounts had been closed with no explanation.
All major cryptocurrencies, including Bitcoin, Ethereum, Binance, Cardano, Terra and Shiba Inu, were trading with heavy losses, Coinmarketcap data showed. Why are some statues built and others defaced? Why does no one ever build the statue of a working class man? Why are female statues The statues mark a point of time; time removes them; the new statues represent some different ideology; common men and onlookers
LONDON Reuters -Major cryptocurrency exchange Binance said on Friday it would wind down its futures and derivatives business across Europe, the latest move by the platform to dial back its product range as pressure grows from regulators across the world. Binance users in Germany, Italy and the Netherlands will be unable to open new futures or derivatives products accounts with immediate effect, the exchange said in a statement on its website. Bitcoin and other cryptocurrencies have surged in popularity among retail investors during the global pandemic, prompting regulators to put trading platforms under increased scrutiny even though most cryptocurrency trading is unregulated. Regulators, including in Britain, Germany, Hong Kong and Italy, worried about consumer protection and the standard of anti-money laundering checks at crypto exchanges, have ratcheted up pressure on Binance, one of the world's largest crypto exchanges by trading volumes. Users in Germany, Italy and the Netherlands will, from a date to be announced later, have 90 days to close any open derivatives positions, Binance said. Germany's regulator BaFin declined to comment on Binance's move. Italian and Dutch regulators did not immediately respond to requests for comment.
The SC ordered all four Binance entities to disable the Binance website www. In a statement yesterday, it said those who currently have accounts with Binance are strongly urged to immediately cease trading through its platforms and to withdraw all their investments immediately. Reuters reported Binance said it would wind down its futures and derivatives products offerings across Europe, a move that comes after unprecedented pressure from regulators across the world.