Regulatory concerns over transparency and money laundering are leading several countries to scrutinise the world’s largest cryptocurrency exchange Binance
Italy announced yesterday that Binance, the world’s largest cryptocurrency exchange by trading volume, is not authorised to carry out its activities in the country, joining a string of global regulatory moves against the platform.
A Binance spokesperson said its website did not operate out of Italy and that the Consob notice had no direct impact on its services. Amid growing concerns over the crypto market being used for money laundering and other criminal activities, several national regulators across the world have either banned or warned Binance over its activities. Binance from conducting any regulated activity and issued a warning to consumers about the platform.to withdrawing and depositing pounds through a system known as Faster Payments.
One of the leading concerns is lack of control over cryptocurrency trading, as the UK’s Financial Conduct Authority has issued warnings that investors could lose all their money in the market due to high levels of volatility. The FCA believes crypto exchanges like Binance are not transparent enough about the possible risks.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
DeFi and blockchain projects to invest in, crypto VC shares bull caseThe chief venture and investment officer for the biggest and oldest bank in Thailand breaks down why the firm is so bullish on decentralized finance — and shares 6 of its top blockchain and DeFi investments
Weiterlesen »
Fetty Wap On Smoking Weed With Snoop, Dealing With Glaucoma, His New Cannabis And Crypto GameRapper Fetty Wap, born Willie Junior Maxwell II, has gotten into the cannabis game – quite literally.
Weiterlesen »
Risks of Crypto Stablecoins Attract Attention of Yellen, Fed and SECStablecoins, digital currencies pegged to national currencies like the U.S. dollar, are increasingly seen as a potential risk not just to crypto markets, but to the capital markets as well
Weiterlesen »
A Crypto Crash Game Plan You Need To SeeCrypto is going down in the short-to-medium term. In the long term it is going up a long way.
Weiterlesen »
Crypto ‘Yield Farmers’ Chase High Returns, but Risk Losing It AllYield farmers chase double-digit interest rates on crypto holdings, but it’s risky: “It’s the virtual equivalent of handing your money to a stranger.”
Weiterlesen »
A Crypto Crash Game Plan You Need To SeeCrypto is going down in the short-to-medium term. In the long term it is going up a long way.
Weiterlesen »