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Binance

Officials are concerned about the company’s past penalties for money laundering, its complex international structure and what they viewed as a risk-taking culture.

Telcos, Media & Tech

Binance vows to stay in Europe despite licence setback

The company has one week to secure a licence before its current permission to operate in Europe expires

Without a licence, Binance would not qualify to continue operating in the EU from the start of July.

Banking & Finance

Binance set to lose EU licence bid, permission to offer services in the bloc: sources

The company believes it has met the relevant requirements to be MiCA authorised, a spokesperson said

Binance Australia improperly classified 524 retail investors as wholesale clients, granting them access to “high-risk” cryptocurrency derivatives without required consumer protections.

Australia court fines Binance unit US$6.9 million over client onboarding failures

The penalty follows a lawsuit by the Australian Securities and Investments Commission (ASIC) in late 2024

Since taking the helm in November 2023, Richard Teng has sought to make Binance the “most regulated” crypto exchange in the world.

Crypto & Alternative Assets

Binance bets on Greek labour, security for EU growth, co-CEO Teng says

Crypto firms must obtain MiCA licence by July to continue operating in EU

Recently pardoned by US President Donald Trump, Changpeng Zhao holds no official role at the crypto exchange any longer, but remains an influential voice.

Banking & Finance

Binance weighs US strategy as billionaire Zhao regains clout

Binance has positioned Yi He’s promotion, who is Zhao’s partner, as a sign of stability

Tokenisation is the process of creating a digital version of an asset.

Banking & Finance

Pakistan to allow Binance to explore ‘tokenisation’ of up to US$2 billion of assets

The move comes as other countries expand formal licensing rules for crypto exchanges amid broader global regulatory tightening

Binance has close ties to Abu Dhabi after the crypto exchange landed a US$2 billion investment in March from AI investor MGX.

Banking & Finance

Crypto exchange Binance gains regulatory win in Abu Dhabi

The crypto exchange has yet to decide on a location for its global headquarters

Yi He is credited with fueling the growth of the Binance-initiated BNB Chain.

Crypto & Alternative Assets

Crypto giant Binance appoints co-founder Yi He as co-CEO

She has been co-founder Changpeng Zhao’s partner in business and in life

Binance CEO Richard Teng said despite the decline, Bitcoin is trading at more than double its level in 2024.

Crypto & Alternative Assets

Binance CEO Richard Teng says Bitcoin volatility in line with most asset classes

Bitcoin has tumbled 21.2% in November, bringing losses over the past three months to 23.2%

Exchanges are important in the crypto financial system because they allow customers to set up accounts, store funds, and make payments – analogous to traditional banks.

Global Enterprise

Crypto giants moved billions in illegal funds despite crackdown

Regulators and law enforcement have tried to push crypto exchanges to implement anti-money laundering safeguards

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