Blockchain
Binance.US Dealt Another Blow: North Dakota Revokes License
Following the lead of states like Florida, Alaska, Oregon, Maine, and North Carolina, North Dakota has moved to block Binance.US from regaining its money transmitter license. This decision by the North Dakota Department of Financial Institutions (DFI) is grounded in a November 2023 guilty plea by Binance founder Changpeng Zhao on anti-money laundering charges, further questioning the exchange’s suitability for operation.
Protecting Public Interest
DFI Commissioner Lise Kruse emphasized the need to protect the public interest in her statement: “The Commissioner finds the Respondent does not continue to meet the qualifications or satisfy requirements that may apply to an applicant for a new money transmitter license.” This decision adds North Dakota to the growing list of states placing Binance.US in regulatory “penalty boxes.”
Global Troubles and US Regulatory Concerns
The regulatory issues faced by Binance.US in the United States reflect broader global challenges. For instance, a recent regulatory conflict in Nigeria, which resulted in the detention of a Binance executive, raises additional concerns for US regulators, complicating Binance.US’s situation further.
Impact and Outlook for Binance.US
Currently, Binance.US is unable to onboard new users in several regions and is entirely inaccessible in over 10 states. The exchange has until July 17, 2024, to challenge North Dakota’s decision. However, the outlook remains uncertain, given the mounting restrictions and regulatory pressures.
The relatively short prison sentence for Zhao might suggest a potential course correction within Binance. By prioritizing user safety and adhering strictly to US regulations, Binance.US could potentially regain some lost ground. The exchange’s future hinges on its ability to address regulatory compliance issues effectively.
The Broader Implications
This regulatory crackdown highlights the evolving landscape of cryptocurrency regulation. While the innovative potential of cryptocurrencies is significant, exchanges must operate within established regulatory frameworks to maintain trust and stability in the market. Binance.US’s struggle will be closely watched by the entire cryptocurrency industry, serving as a cautionary tale for exchanges that prioritize growth over compliance.
Source: bitcoinist.com
The post Binance.US Dealt Another Blow: North Dakota Revokes License appeared first on HIPTHER Alerts.
Blockchain
Join us in our 10th-anniversary celebrations – special campaigns every week!
Join us in our 10th-anniversary celebrations – special campaigns every week!
bitFlyer Europe S.A. is launching 17 new crypto-assets over the next four weeks to celebrate 10 successful years of the bitFlyer Group. Each week we will launch a new crypto-assets campaign and each week you can win exciting prizes! Our first campaign started September 26, 2024 with the launch of Axie Infinity (AXS), Decentraland (MANA), Immutable (IMX), and The Sandbox (SAND)!
Here is our campaign calendar** for the next three weeks:
- Week 2 (October 3, 2024: ApeCoin (APE), Chilliz (CHZ), Ripple (XRP), Palette Token (PLT).
- Week 3 (October 10, 2024): Avalanche (AVAX), Mask Network (MASK), The Graph (GRT), Chainlink (LINK).
- Week 4 (October 17, 2024): Flare (FLR), Symbol (XYM), Nem (XEM), Dogecoin (DOGE), and Shiba Inu (SHIB).
* Visit our 10th-anniversary site for more details. (https://bitflyer.com/en-eu/s/lp/10th-anniversary). Terms and conditions apply.
** The listing schedule is subject to change.
“These new crypto-assets not only allow customers to benefit from a more diverse environment for their investments but also gives them the opportunity to participate in cutting-edge web3 projects,” said Ms Ami Nagata, CEO of bitFlyer Europe.
“With a firm foundation in Japan and a strong regional presence in Luxembourg, bitFlyer serves a large loyal customer base that reflects its global reach. bitFlyer is truly glocal,” added Mr Yuzo Kano, founder and CEO of the bitFlyer Group.
How to Create an Account: If you are not already using our market
If you are not already using our market leading services, you can create an account and start your crypto journey with bitFlyer today. Visit our website or download the bitFlyer App on iOS and Android.
The post Join us in our 10th-anniversary celebrations – special campaigns every week! appeared first on HIPTHER Alerts.
Blockchain
Balancing AI Hype and Hope: Industry Leaders Unveil Growth Playbook at AI Apex Asia Capital Connect Forum
Blockchain
Fintech Software Business Research Report 2024-2030: Opportunities in Emerging Markets, Expansion of Open Banking and API Integration
Fintech Software Market
-
Blockchain3 days ago
AI Apex Asia Forum Charts New Course for AI Innovation and Investment
-
Blockchain4 days ago
Inside CV Pad’s Active Strategy For Web3 Startup Funding & Support
-
Blockchain2 days ago
Pickspot joins peaq to solve the last-mile delivery challenge in Africa with a DePIN of smart parcel lockers
-
Blockchain Press Releases5 days ago
Flipster Announces Hamster Kombat Launch Airdrop Campaign with 20,000 USDT Prize Pool
-
Blockchain3 days ago
DeFi.Gold Unveils Groundbreaking Multi-Chain Launchpad with Live $DGOLD Crowdsale, Supporting Bitcoin-Native Assets and Tokens on Multiple Chains
-
Blockchain5 days ago
Climate Tech VC Cerulean Ventures Closes Fund I at Climate Week NYC 2024
-
Blockchain2 days ago
Strengthening Blockchain Ties: Bharat Web3 Association Partners with International Bodies
-
Blockchain Press Releases3 days ago
Movement Labs Launches ‘Move Collective’ Accelerator Program as Partners Secure $13.2 Million in Seed Funding