Binance CEO Changpeng Zhao pleads guilty to money laundering and resigns

Binance CEO Changpeng Zhao has agreed to resign and plead guilty to money laundering as part of a US government investigation, reports Engadget. According to CNBC, Changpeng Zhao and the cryptocurrency exchange have signed a corresponding agreement with the government. According to the agreement, Binance will pay a fine of ... Read more

Binance faces legal risks over Russia – WSJ

Binance is helping Russians withdraw money abroad, which could potentially lead to more legal problems for the cryptocurrency giant in the United States< writes The Wall Street Journal. According to the publication, the exchange continues to process significant trading volumes in rubles. Customers can transfer funds from sanctioned banks to ... Read more

The world’s largest cryptocurrency exchange Binance will stop supporting its competitor USDC

The issuer of the third largest stablecoin, Binance, will stop supporting its larger competitor USDC, automatically transferring customer funds to its Binance USD token from alternatives, including USD Coin. This will effectively remove USDC as a trading asset on the giant Binance platform, reports CoinDesk. On September 29, the exchange ... Read more

Binance to launch crypto cards for refugees from Ukraine so they can get help

Binance, the world cryptocurrency and blockchain infrastructure provider has launched a refugee crypto card for all current and new users from Ukraine who were forced to flee their country because of the war with Russia. Binance card was created in partnership with Conta. It will allow the displaced Ukrainians to ... Read more

Binance restricts services for Russians due to recent EU sanctions

Binance cryptocurrency exchange introduces tougher checks for users from Russia after the latest wave of EU sanctions. About this Binance reported today in their blog. In particular, the exchange will restrict services to “Russian citizens, or individuals residing in Russia, or legal entities established in Russia” with cryptocurrency assets in ... Read more