Tag Archives: binance

Binance commits $1B fund to grow BSC ecosystem

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Mainstream cryptocurrency exchange, Binance has announced a $1B fund to improve the Binance Smart Chain (BSC) ecosystem and promote the adoption of digital assets and blockchain technology. This accelerator fund will be shared amongst the four areas, namely, Investments, Builder Program, Talent development, and Liquidity Incentives. The investment program, which …

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Binance impose mandatory Global KYC rule for all Services

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Binance is imposing new stringent Know Your Customer (KYC) rules as part of its efforts to improve users’ protection and risk management protocols. The cryptocurrency exchange said in a blog post that it will introduce compulsory intermediate verification for all users which will complement the current KYC requirements and Anti-Money …

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Dutch Central Bank says Binance operations are illegal

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The central bank of the Netherlands (De Nederlandsche Bank) has warned locals that crypto exchange Binance is operating illegally within the country. According to the financial regulator, Binance does not comply with the Anti-Money Laundering and Anti-Terrorist Financing Act in its operations. And as such, is deemed to be “illegally …

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Santander follows Barclays, restricts payment to Binance

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There seems to be an organized onslaught by financial institutions and regulators against the exchange platform Binance, particularly in the UK. Santander has announced it will no longer support payments to Binance; becoming the second UK bank to restrict transfers to the crypto exchange. The bank informed customers via email …

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