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Multiple US States Have Revoked Binance US Crypto Licenses

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Multiple U.S. states have revoked or declined to renew Binance US’s money transmitter licenses due to compliance issues and legal troubles involving former CEO Changpeng Zhao (CZ). According to North Dakota’s financial regulator, “North Dakota joins Alaska, Florida, Maine, North Carolina, and Oregon in taking similar actions to revoke or deny the renewal of BAM Trading Services’ Money Transmission License.”

Binance US Faces Increasing State-Level License Revocations

An increasing number of U.S. states have revoked or declined to renew the money transmitter licenses of BAM Trading Services Inc., operating as Binance US, due to compliance issues and legal troubles tied to former CEO Changpeng Zhao (CZ).

The latest revocation comes from the North Dakota Department of Financial Institutions, which announced on Monday:

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“The Commissioner has found that BAM Trading Services, Inc. has failed to comply with North Dakota laws. Additionally, majority beneficial owner and control person, Changpeng Zhao, has pled guilty to felony charges for violating U.S. anti-money laundering laws.”

Zhao is currently serving a four-month prison sentence following a settlement between Binance and the U.S. Department of Justice (DOJ). He pleaded guilty to violating the Bank Secrecy Act, and Binance agreed to pay $4.3 billion in penalties and fines. Initially, the DOJ had sought a three-year prison term for Zhao.

North Dakota’s financial regulator explained:

“Money transmission activity includes receiving money or cryptocurrency to send to a location within or outside the United States on another person’s behalf. To lawfully engage in the business of money transmission, a license is required under North Dakota Century Code Chapter 13-09.1.”

Several other states have also taken regulatory actions against Binance US for compliance issues. Florida suspended Binance US’s license in November last year, shortly after Zhao’s guilty plea for violating U.S. anti-money laundering laws. Earlier this year, Alaska declined to renew the crypto exchange’s license, followed by North Carolina suspending it on January 23, and Maine declining renewal on January 29. Connecticut suspended Binance US’s license on April 24, and Oregon revoked it on April 30.

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Source: news.bitcoin.com

The post Multiple US States Have Revoked Binance US Crypto Licenses appeared first on HIPTHER Alerts.

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India Electronic Contract Services Market to Worth Over US$ 624.33 Million By 2033 | eSignature Demand Among Financial Institutes to Remain High Says Astute Analytica

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UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System

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The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.

Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.

“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”

ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.

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“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”

The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.

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Bybit Supports Wildlife Conservation Through Sea Turtle Adoption Initiative with Subsum

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