Binance issues cease and desist notice to "Binance Nigeria Limited"

Bitcoin and ether are still down about 4.5% and 8% respectively since the first SEC lawsuit was filed a week ago, though, indicating investors are still jittery about crypto.

The move comes amid renewed regulatory scrutiny at the world’s largest cryptocurrency exchange and will help cushion some of the fallout from recent blows, including Binance being sued by the U.S.

Securities and Exchange Commission.

PARIS, June 22 (Reuters) – CACEIS, the asset servicing business owned by Credit Agricole and Santander , has registered with France’s markets regulator AMF to provide custody services for digital assets, such as cryptocurrencies.

Hong Kong’s banking regulator said on Thursday it had, in April, asked lenders operating in the region to try and meet the business needs of licensed crypto exchanges, responding to a report saying banks were under pressure to take such exchanges on as clients.

Trading platform Robinhood Markets said the next day that it was delisting three cryptocurrency tokens from its platform that the SEC identified as securities in its lawsuit against Binance.

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The SEC sued Binance and Zhao earlier this month alleging that the company artificially inflated its trading volumes, diverted customer funds, and misled investors about its market surveillance controls.

Binance disputes the SEC charges.

The SEC raised the same concerns with Nasdaq over a recent filing for a spot bitcoin ETF from BlackRock, the person said. The refreshed filing aims to address concerns raised by the U.S.

Securities and Exchange Commission (SEC), which told Cboe that its recent filing to list and trade a spot bitcoin ETF from Fidelity was unclear and incomplete, according to a person familiar with the matter.

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These days, Bitcoin and Doge coin have been rising in popularity. According to most investors, these two currencies are one of the best currency pairs for most investors out there.

So, we can predict that these corporations are going to be quite interesting for cryptocurrency investors and users.

Apart from this, a partnership between these enterprises is going to play a great role in the world of free trading of cryptocurrencies.

Bitcoin, the world’s biggest and best-known cryptocurrency, was last up 5.5% on Wednesday at 29,881.00 after hitting a high of $30,755.00.

It is up roughly 81% for the year-to-date.

“It started with BlackRock’s Bitcoin ETF filing and now others are following,” said Edward Moya, a senior market analyst at OANDA. “Who needs regulatory clarity if you see BlackRock making a move?”

The company registered as a digital asset service provider (DASP) on June 20, according AMF’s website, adding a major traditional financial services group to the growing number of crypto companies registered by the French watchdog.

More recently, regulatory scrutiny has weighed on the sector.

This month, binance trading fee – just click the next web page – and Coinbase Global, two of the biggest crypto exchanges, were sued by the SEC for allegedly violating its rules, which the pair deny.

The failed crypto company has been holding talks with investors about backing a potential restart of the FTX.com exchange through structures such as a joint venture, the report added, citing people familiar with the discussions.

The lawsuits against Binance and Coinbase Global have increased fears the crypto market’s ordeal could be prolonged further after the sector was battered by a string of meltdowns including the bankruptcy of FTX, Binance’s biggest competitor, last year.