Zhao said the CFTC claims were an "incomplete recitation of facts. Commodity Futures Trading Commission (CFTC) in March for operating what it alleged were an "illegal" exchange and a "sham" compliance program.
#Binance hawaii series
The SEC complaint is the latest in a series of legal headaches for Binance. "It's another blow to the crypto industry and the crypto exchanges of the world," said Tony Sycamore, market analyst at IG Markets, of the SEC suit.īinance's BNB cryptocurrency, the world's fourth-largest, was up 1.63% to $282.19, after a 9.2% plunge on Monday, its worst daily fall since November. The world's biggest cryptocurrency was last at $26,300, up 3.85% on the day. CRYPTO BLOWīitcoin steadied after falling more than 5% yesterday, its worst daily decline since April 19. "We intend to defend our platform vigorously," it said in a blog. In statements on Monday, Binance said it had been cooperating with the SEC's probes and had "worked hard to answer their questions and address their concerns", including by trying to reach a negotiated settlement. The lawsuit, which cited a number of practices first reported by Reuters in a series of investigations into the exchange, marks the most significant step against a crypto company by the SEC in its sweeping crackdown on the industry this year. customers from its platform and misled investors about its market surveillance controls. Binance: Similarities Kraken and Binance.US offer an extensive selection of cryptocurrencies, supporting over 100. The SEC alleged in 13 charges that Binance artificially inflated its trading volumes, diverted customer funds, failed to restrict U.S. 130+ Tier I Fees 2 Binance.US Learn More On Binance.US Website Kraken vs. Securities and Exchange Commission on Monday sued Binance, its CEO Changpeng Zhao and the operator of Binance.US over what it called a "web of deception" to evade U.S. AUSTRAC is the peak body for regulating cryptocurrency exchanges in Australia which requires Binance Australia to comply with laws and regulations that are intended to provide certain protections for users.Neither exchange immediately responded to a request for comment. Complies with the Australian Transaction Reports and Analysis Centre regulations in Australia.In 2022 Binance topped up the fund to a value of US$1 billion. The fund includes cryptocurrencies and so its value changes inline with the market. Binance has been operating an emergency insurance fund since 2018.
Australians who want to trade with AUD on the spot market may need to consider another exchange.Ĭustomer service can be accessed through live chat and is quick to respond, although you will need to talk to a bot first. There's a number of innovative features like a launchpad for early-stage investing, a learn and earn hub, an NFT marketplace and even access to DeFi services.īinance currently only accepts AUD purchases using a credit or debit card. Investors can earn yield on their coins in a number of ways or take advantage of automated tools like recurring buys and a rebalancing bot. Traders have access to instant swaps, a fully featured spot market, P2P and margin trading. The platform offers over 350 cryptocurrencies and twice as many trading pairs.īinance pushes the limits of what a cryptocurrency exchange can offer. It has been operating a dedicated Australian service since 2020 and is registered with AUSTRAC. Our verdictīinance is the world's largest exchange by trade volume. Swap your BTC for BNB by using the BNB/BTC pair on Kucoin Spot Trading.
Update: For those of you are interested in what I ended up doing to get BNB. You can still purchase cryptocurrency with AUD using a credit or debit card, Google or Apple Pay, or by transferring crypto from another exchange. The only thing that was bothering me was the high gas fees right now. May, 2023: Binance has halted AUD deposits using PayID and bank transfer. June, 2023: Binance and its founder Changpeng Zhao have been charged in the US by the SEC for breaching securities laws.
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