Binance, the leading cryptocurrency exchange in the world, is currently grappling with rising regulatory hurdles in various countries, including India. The Financial Intelligence Unit in India recently slapped Binance with a hefty fine of 188.2 million Indian Rupees, equivalent to approximately $2.2 million, for failing to comply with the country’s Anti-Money Laundering regulations. According to
Exchanges
When it comes to traveling with cryptocurrency, the first and most important step is to ensure the security of your digital wallet. Safeguarding your private keys and seed phrases is crucial to protect your assets from potential threats and hacks. By following best practices for wallet security, such as using hardware wallets and multi-signature wallets,
A federal high court in Nigeria recently made a decision to dismiss a human rights lawsuit filed by Binance executive Nadeem Anjarwalla against the country’s National Security Adviser and the Economic and Financial Crimes Commission. The court cited Anjarwalla’s lack of legal representation as the reason for the dismissal. This decision was anticipated, especially after
Recently, blockchain security firm CertiK made headlines after discovering a critical vulnerability in the deposit system of popular crypto exchange Kraken. The discovery led to a series of events, including allegations of extortion and threats from Kraken towards CertiK employees. The situation escalated quickly, eventually prompting CertiK to go public with its findings and account
Brazil’s Special Department of Federal Revenue is set to enact new regulations aimed at ensuring compliance from foreign crypto exchanges operating within the country. The tax department will require these exchanges to provide detailed information about their operations, including how they interact with local service providers. Deputy Secretary of Inspection Andrea Chaves emphasized the importance
Following the collapse of FTX, a new legal battle has emerged over the millions of dollars in assets seized from Sam Bankman-Fried (SBF), the former CEO currently serving a 24-year prison sentence. Multiple parties are now seeking control of the assets seized from SBF and former FTX executives, which include airplanes, funds held at various
In a recent announcement by the New York Attorney General’s (NYAG) office, the completion of a settlement with Gemini has resulted in the recovery of $50 million for users of the defunct Gemini Earn program. This marks a significant development in the legal dispute that arose from alleged misleading practices by Gemini. The settlement not
The copy trading industry is rapidly expanding, with brokers seeking sophisticated solutions to meet the evolving needs of their traders. In response to this demand, the B2Broker team has introduced a groundbreaking platform known as B2Copy. This next-generation investment platform combines copy trading, PAMM, and MAM functionalities to streamline investment operations and enhance efficiency for
In the ever-evolving world of blockchain technology, staying ahead of the curve is crucial for businesses looking to optimize their transaction efficiency and reduce operational costs. B2BinPay, a world-leading blockchain platform, has recently introduced exciting new features that aim to enhance user experience and provide greater flexibility for its customers. Let’s take a closer look
BloFin Exchange, a prominent cryptocurrency trading platform known for its strong security measures and user-focused innovations, has recently announced its integration with the Chainalysis blockchain data platform. This strategic move is aimed at strengthening the exchange’s compliance capabilities and safeguarding the assets of its global user base. By implementing the Chainalysis crypto risk solution, BloFin
