Binance: Why is the cryptocurrency giant facing pressure from regulators?

Financial regulators around the world are targeting the leading cryptocurrency exchange Binance. Some banned the platform from certain activities, while others warned consumers that it was not licensed to operate. Here are answers to some key questions about Binance, the world’s largest exchange by trading volume, as regulatory pressure builds. How big is Binance? By … Read more

Binance Restricts Money Laundering Checks After Regulatory Pressure

The leading cryptocurrency exchange, Binance, said on Friday that it will require more stringent background checks on clients to bolster anti-money laundering efforts, with immediate effect. Binance, the world’s largest platform, has come under pressure in recent months from regulators around the world who are concerned about the potential for money laundering encryption and the … Read more