Binance has appointed a board of directors for the first time as regulatory crackdown intensifies. The newly formed board will be chaired by Gabriel Abed, previously Barbados’ ambassador to the United Arab Emirates. The board comprises seven members, including Binance CEO Richard Teng and other key executives such as Heina Chen, Jinkai He, and Lilai
Two Binance executives have sued the Nigerian government following their detention by the African nation. The cryptocurrency execs filed suit last week against Nigeria’s national security adviser, Nuhu Ribadu, and country’s Economic Financial Crimes Commission for violating their fundamental human rights, Coindesk reported Friday (March 29), citing local media reports. In their court filings, Tigran Gambaryan, head of
Nigeria’s federal government filed charges against crypto exchange Binance for tax evasion at the country’s High Court on Monday, local newspaper Punch reported. Nigeria’s Federal Inland Revenue Service, the country’s tax agency, accuses Binance of four tax evasion charges in the filing: the non-payment of value-added tax, the non-payment of company income tax, failure to
Cryptocurrency exchange Binance has said it invested $213m in its compliance programme in 2023 to tackle fraud and bolster security. The information was revealed in a statement sent to Sunday PUNCH by Romaana Sutton, the Conversation Architect at JNPR, the public relations agency representing the exchange. The exchange noted that significant funding allocation underscored its
Updated Feb 22, 2024, 03:39 PM IST The lawsuit marks a significant development in the ongoing legal tussle between the SEC and cryptocurrency firms, as Lejilex and CFAT seek to challenge the regulatory framework that the SEC has sought to impose on the rapidly evolving digital asset landscape. Lejilex, Crypto Freedom Alliance of Texas Challenge
symbol. Internet cryptocurrency state concept. getty If cryptocurrency were a sport, it would be boxing. “And we’re in the championship rounds,” says Asad Saddique, CTO of Cryptonary, a media and research platform for 195,397 traders and investors established in 2017. On October 1, 1981, Larry Holmes said, “Anything can happen in a fight between heavyweights.”
In what may turn into a massive blow for cryptocurrency sector in India, Centre’s Financial Intelligence Unit (FIU), which is under the Finance Ministry, has issued show cause notices to as many as 9 offshore cryptocurrency and virtual digital assets platforms, including Binance and Kucoin. The notifications were issued for non-compliance with anti-money laundering law.