According to Reuters, in 2020, Binance acted against its own money laundering risk alerts for at least seven countries. Specifically, the ratings for Russia and Ukraine were "manually" downgraded from "extreme" to "high," such that the exchange could continue offering services there, according to Reuters. Source link … [Read more...] about Binance Didn’t Upgrade Customer Checks, Despite Promises to Regulators: Report
Regulators
What should the crypto industry expect from regulators in 2022? Experts answer, Part 2
Michelle is the CEO of the Association for Digital Asset Markets, which works in partnership with financial firms and regulatory experts to devise a code of conduct for digital asset markets. “2021 was the year Washington woke up to the digital assets industry. The year started with the rushed FinCEN “Unhosted Wallets” proposal, which the industry … [Read more...] about What should the crypto industry expect from regulators in 2022? Experts answer, Part 2
What should the crypto industry expect from regulators in 2022? Experts answer, Part 1
Hatu is the co-founder and chief strategy officer of DAO Maker, which creates growth technologies and funding frameworks for startups while simultaneously reducing risks for investors. “2021 has been a stop-start year for crypto and DeFi, as regulatory bodies have not clarified their stance on the industry. This has held back the retail population from getting … [Read more...] about What should the crypto industry expect from regulators in 2022? Experts answer, Part 1
Binance to Continue Operating in Ontario After Cooperating With Canadian Regulators
“However, as a result of ongoing and positive cooperation with Canadian regulators, Binance in Canada has been successful in taking its first steps on the regulatory path by registering in Canada as a Money Services Business with FINTRAC‚” Binance told its users in Ontario on Wednesday. FINTRAC (Financial Transactions and Reports Analysis Center of Canada) is the country’s … [Read more...] about Binance to Continue Operating in Ontario After Cooperating With Canadian Regulators
Binance UK Is Threatening to Block Derivatives Traders in a Move to Keep Regulators at Bay
Binance users in the U.K. who registered with the platform before Dec. 14, 2021, will have until Feb. 14, 2022, to provide the required information, which will be collected via a pop-up form when attempts are made to access these products, the notice said. Source link … [Read more...] about Binance UK Is Threatening to Block Derivatives Traders in a Move to Keep Regulators at Bay