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MANILA, Dec 1, 2023 (AFP) – The Philippines will block access to cryptocurrency giant Binance, an official said Thursday, as part of a crackdown on online trading platforms operating in the country without licences. The Securities and Exchange Commission (SEC) announced Tuesday that Binance was not registered in the Philippines and therefore not authorised to sell or offer securities in the country. Filipinos could withdraw their investments before access to Binance’s platform and apps was […]
WASHINGTON, June 9, 2023 (AFP) – The world’s largest cryptocurrency exchange Binance said late Thursday it was halting US dollar deposits and encouraged clients to withdraw their dollars by early next week, following charges leveled by the government. The US Securities and Exchange Commission on Monday charged the crypto giant with securities law violations that it said amounted to “an extensive web of deception” and “calculated evasion of the law.” Binance is alleged to have […]
PARIS, France (AFP) – Even by the extreme standards of cryptocurrency trading, the past few weeks have been a wild ride for Binance, the world’s biggest exchange for crypto assets. After the collapse of its rival FTX in a hail of allegations of fraud and criminality last month, trust in the entire sector has crumbled. Customers pulled more than $3 billion from Binance in a single day last week as part of a three-day frenzy that […]
Paris, France | AFP | Scammers have stolen $100 million in cryptocurrency from Binance, the world’s biggest exchange for cryptoassets, the firm said on Friday. Company chief Changpeng Zhao wrote on Twitter that “an exploit” in the system led to extra production of the exchange’s dedicated currency, adding: “The current impact estimate is around $100m.” “The issue is contained now. Your funds are safe. We apologise for the inconvenience and will provide further updates accordingly,” […]
