Archive: kyc

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Crypto Insider: Binance Surrenders to Financial Regulators

By Early Investing on September 13, 2021

Binance, the world’s biggest crypto exchange, has been having a rough time lately. The exchange is facing increasing scrutiny from governments around the world. Financial watchdogs from Britain, Japan, Germany, the U.S. and other countries have all issued warnings to Binance due to growing concerns about crypto’s role in money laundering and other financial crimes.  U.S. Treasury Secretary Janet Yellen and European Central Bank President Christine Largarde…
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This week, legislators had the opportunity to make progress on key issues surrounding Facebook’s innovative Libra proposal. But too many politicians wasted it.
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Bakkt is a week away from testing its bitcoin futures contracts. And it’s clear the service will be launching very soon.
Binance is caught in a Catch-22. So for now, U.S. crypto traders will have to find alternatives.
The U.S. is on track to adopt new operating procedures for crypto exchanges. But one of these rules will only create problems for the crypto industry.