After the United States declared open war on Cryptocurrency exchange
Cryptocurrency exchange
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or a digital asset. Compared to a generalized financial exchange, the primary function of a cryptocurrency exchange is to allow and encourage the buying and selling of cryptocurrencies. A stable and suitable trading environment for traders located in different locations around the world. Sometimes, a cryptocurrency exchange may be referred to as a Digital Currency Exchange (DCE).
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or a digital asset. Compared to a generalized financial exchange, the primary function of a cryptocurrency exchange is to allow and encourage the buying and selling of cryptocurrencies. A stable and suitable trading environment for traders located in different locations around the world. Sometimes, a cryptocurrency exchange may be referred to as a Digital Currency Exchange (DCE).
Read this term Binance Europe is also becoming an increasingly unfriendly land for the digital asset market giant. The platform was owned by Changpeng Zhao (CZ), and she hoped that Germany would become one of her new centers on the Old Continent. However, recent reports indicate that local financial market regulator BaFin has not looked favorably on the Binance app.
According to information published by the German Term financing
Today (Thursday), insiders claim that BaFin is unwilling to grant Binance a crypto custody license. A Binance press spokesperson did not confirm these reports but commented on them CoinDesk That the exchange is working continuously to meet all the requirements set by BaFin. He admitted that it was a complex and lengthy process, but the platform still hoped for a positive outcome.
If Binance fails to obtain a license in Germany, the development of its business in Europe may be called into question. This is especially true given that the exchange has significantly reduced its domestic presence due to regulatory changes.
finance poles I reported two weeks ago that Binance is leaving Cyprus and the Netherlands. Since then, the platform has also come under scrutiny from the French public prosecutor’s office for operating an “illegal” exchange, having its UK license revoked, and having to leave Belgium.
The challenges in Europe are exacerbated by the fact that Paysafe Solution, Binance’s euro banking partner, is suspending support for further payments from the end of September 2023.
⚠️ Binance # encrypt The preservation license application was rejected by 🇩🇪 German regulator BaFin‼️😬
several strokes # Finance In the 🇪🇺 European Union 👀#CryptoNews#Cryptocurrency#BNBhttps://t.co/OnebGzBdTA
– Ajay Kashyap (@EverythingAjay) June 29, 2023
Binance shifts focus to Asia and the Middle East
Although Binance does not claim to be withdrawing from Europe, but is adjusting its domestic strategy to comply with new regional digital currency regulations (MiCA), it is doing better on other fronts.
A week ago, Binance entered the Central Asian market by launching local services in Kazakhstan. The new platform will allow users to trade and store digital assets, make deposits and withdrawals, and benefit from transfer services.
A representative from the exchange also hinted earlier this week that in the face of regulatory pressures in the United States and the European Union, the Middle East may become a primary target for Binance. These words came from Alex Shehadeh, the general manager of Binance Dubai. According to Shehadeh, the UAE has favorable and transparent regulations regarding digital assets.
As the EU implements MiCA and the US runs afoul of cryptocurrency exchanges, the “traditional finance” giants are looking for their place in the growing cryptocurrency table. Over the past two weeks, more companies have joined the pool of place creation requests bitcoin
bitcoin
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is certain: Bitcoin has changed the world. No one can remain indifferent to this revolutionary and decentralized digital asset nor to its blockchain technology. In fact, we’ve come a long way since Florida resident Laszlo Hannich made the first official BTC transaction with a real company by trading 10,000 BTC for 2 pizzas at a local Papa John’s.
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is certain: Bitcoin has changed the world. No one can remain indifferent to this revolutionary and decentralized digital asset nor to its blockchain technology. In fact, we’ve come a long way since Florida resident Laszlo Hannich made the first official BTC transaction with a real company by trading 10,000 BTC for 2 pizzas at a local Papa John’s.
Read this term ETF, initiated by BlackRock. ARK Invest, BitWise, and Invesco also want to offer a similar tool.
Although US regulators have rejected such requests in the past, the Wall Street giants are hopeful that the current “negative PR” around cryptocurrency exchanges will increase the chance that fully regulated instruments will be launched.
After the United States declared open war on Cryptocurrency exchange
Cryptocurrency exchange
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or a digital asset. Compared to a generalized financial exchange, the primary function of a cryptocurrency exchange is to allow and encourage the buying and selling of cryptocurrencies. A stable and suitable trading environment for traders located in different locations around the world. Sometimes, a cryptocurrency exchange may be referred to as a Digital Currency Exchange (DCE).
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or a digital asset. Compared to a generalized financial exchange, the primary function of a cryptocurrency exchange is to allow and encourage the buying and selling of cryptocurrencies. A stable and suitable trading environment for traders located in different locations around the world. Sometimes, a cryptocurrency exchange may be referred to as a Digital Currency Exchange (DCE).
Read this term Binance Europe is also becoming an increasingly unfriendly land for the digital asset market giant. The platform was owned by Changpeng Zhao (CZ), and she hoped that Germany would become one of her new centers on the Old Continent. However, recent reports indicate that local financial market regulator BaFin has not looked favorably on the Binance app.
According to information published by the German Term financing
Today (Thursday), insiders claim that BaFin is unwilling to grant Binance a crypto custody license. A Binance press spokesperson did not confirm these reports but commented on them CoinDesk That the exchange is working continuously to meet all the requirements set by BaFin. He admitted that it was a complex and lengthy process, but the platform still hoped for a positive outcome.
If Binance fails to obtain a license in Germany, the development of its business in Europe may be called into question. This is especially true given that the exchange has significantly reduced its domestic presence due to regulatory changes.
finance poles I reported two weeks ago that Binance is leaving Cyprus and the Netherlands. Since then, the platform has also come under scrutiny from the French public prosecutor’s office for operating an “illegal” exchange, having its UK license revoked, and having to leave Belgium.
The challenges in Europe are exacerbated by the fact that Paysafe Solution, Binance’s euro banking partner, is suspending support for further payments from the end of September 2023.
⚠️ Binance # encrypt The preservation license application was rejected by 🇩🇪 German regulator BaFin‼️😬
several strokes # Finance In the 🇪🇺 European Union 👀#CryptoNews#Cryptocurrency#BNBhttps://t.co/OnebGzBdTA
– Ajay Kashyap (@EverythingAjay) June 29, 2023
Binance shifts focus to Asia and the Middle East
Although Binance does not claim to be withdrawing from Europe, but is adjusting its domestic strategy to comply with new regional digital currency regulations (MiCA), it is doing better on other fronts.
A week ago, Binance entered the Central Asian market by launching local services in Kazakhstan. The new platform will allow users to trade and store digital assets, make deposits and withdrawals, and benefit from transfer services.
A representative from the exchange also hinted earlier this week that in the face of regulatory pressures in the United States and the European Union, the Middle East may become a primary target for Binance. These words came from Alex Shehadeh, the general manager of Binance Dubai. According to Shehadeh, the UAE has favorable and transparent regulations regarding digital assets.
As the EU implements MiCA and the US runs afoul of cryptocurrency exchanges, the “traditional finance” giants are looking for their place in the growing cryptocurrency table. Over the past two weeks, more companies have joined the pool of place creation requests bitcoin
bitcoin
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is certain: Bitcoin has changed the world. No one can remain indifferent to this revolutionary and decentralized digital asset nor to its blockchain technology. In fact, we’ve come a long way since Florida resident Laszlo Hanicks made the first official BTC transaction with a real company by trading 10,000 BTC for 2 pizzas at a local Papa John’s.
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is certain: Bitcoin has changed the world. No one can remain indifferent to this revolutionary and decentralized digital asset nor to its blockchain technology. In fact, we’ve come a long way since Florida resident Laszlo Hanicks made the first official BTC transaction with a real company by trading 10,000 BTC for 2 pizzas at a local Papa John’s.
Read this term ETF, initiated by BlackRock. ARK Invest, BitWise, and Invesco also want to offer a similar tool.
Although US regulators have rejected such requests in the past, the Wall Street giants are hopeful that the current “negative PR” around cryptocurrency exchanges will increase the chance that fully regulated instruments will be launched.