Binance.US Head of Legal and Chief Risk Officer Leaving the Crypto Exchange: WSJ
The departure comes just days after the crypto exchange lost its CEO Brian Shroder.
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Binance
The departure comes just days after the crypto exchange lost its CEO Brian Shroder.
The crypto exchange’s promotion comes as trading volumes plummet to four-year lows, hurting the revenue streams.
This week in blockchain tech: Polygon’s new “chain development kit,” Farcaster’s move to Optimism, Shibarium’s return and Interlay’s new Bitcoin layer-2 network, and Pancake Swap expands to Consensys’s Linea.
Financial authority FSMA told the company in June to cease serving Belgian customers from outside the European bloc
The decision comes only weeks after Binance has been grappling with multiple legal challenges in the U.S.
Binance has cut ties with five sanctioned Russian banks that were listed on the exchange’s peer-to-peer service to let users transfer funds in rubles, the country’s native currency.
The crypto exchange is conducting a “risk management initiative” targeting some crypto projects with a relatively small market capitalization or whose tokens form lower-liquidity trading pairs.
Changpeng Zhao ,CEO of Binance, at Consensus Singapore 2018 (CoinDesk)
BNB, formerly known as Binance Coin, dropped to as low as $204, lowest since late June 2022.
Crypto exchange Binance has decided to shut down its buy-and-sell service Binance Connect, formerly known as Bifinity, just one year after its launch, the company said in a statement.