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

PARIS, June 16 (Reuters) – Binance, the largest cryptocurrency exchange, is under preliminary investigation by the Paris prosecutors office for both illegal canvassing of clients and aggravated money-laundering, French daily Le Monde reported on Friday.

LAGOS, June 10 (Reuters) – Nigeria’s markets regulator has ordered the world’s largest cryptocurrency exchange Binance to halt its operations in the country, saying a local unit that courted Nigerian investors through a website was illegal.

Grayscale sued the SEC, claiming that the regulator was acting arbitrarily in rejecting applications for spot bitcoin ETFs when it had previously approved bitcoin futures ETFs.

U.S.

lawmakers also piled pressure on Binance on Thursday, calling for the Department of Justice to investigate after allegations in the SEC’s Monday complaint indicated that Binance had made false statements to Congress about its business practices in a written response to lawmakers questions in March.

The reported investigation follows various setbacks for 币安注册方法 (Read More At this website) Binance including a June 5 decision by the U.S.

Securities and Exchange Commission (SEC) to charge the company with evading securities laws. Binance disputes the SEC charges.

The SEC said it had not received “sufficient reassurance” that Binance.US’s customer assets were controlled by its operator, BAM Trading, “rather than under the control or influence of Binance or Zhao, a person who has openly expressed his desire to avoid compliance with U.S.

“This is a serious matter,” Senator Elizabeth Warren and Chris Van Hollen wrote in a letter to the Justice Department, saying a bipartisan group of lawmakers in March were seeking information from the industry as they weighed potential new laws.

Armstrong, an outspoken critic of the SEC who has led a push in Washington for clearer crypto rules, said at a Bloomberg conference that the company had approached the regulator about becoming registered, but received an “icy reception” from Gensler at their first meeting.

Leading crypto asset bitcoin dipped 0.2% to $26,450 after crypto exchange Binance said it was suspending dollar deposits and would soon pause fiat currency withdrawal channels following a U.S.

Securities and Exchange Commission crackdown.

Investors piled into cryptocurrencies when interest rates were low, pushing the market to a peak value of $3 trillion in 2021.

But they turned cautious as rates rose, with the value of the market now standing at around $1.24 trillion, according to CoinGecko data.

The group called on European consumer authorities to cooperate with European Supervisory Authorities for financial services to ensure the platforms adapt their advertising policies to prevent the misleading promotion of crypto.

“Customers who make payments to crypto-currency exchanges are currently facing a significantly higher risk of potentially being scammed,” said James Roberts, general manager of CBA’s group fraud management services in a statement accompanying the decision.

The bank said it would also from Thursday hold certain payments to crypto exchanges for 24 hours and soon introduce a monthly A$10,000 ($6,666) transfer limit to crypto exchanges.

The CBA spokesperson declined to say whether those measures would apply to all crypto exchanges or a select few.

It is the latest in a string of setbacks for Binance including the June 5 decision by the U.S.

Securities and Exchange Commission (SEC) to charge the company with evading securities laws. Binance disputes the SEC charges.

Binance CEO Changpeng Zhao later tweeted that Binance.US had roughly $2 billion in customer assets which had never left the platform unless withdrawn by customers. In a federal court filing made public on Thursday, the SEC also said it wanted Binance’s U.S.

assets frozen so they would remain safely in the country.

1 this year, $840 million was deposited into eight companies owned by Binance and Zhao, with $899 million withdrawn from those accounts “during that same time frame.” At the end of March, all but one of the accounts had a balance of zero, the SEC said. In some of the most detailed examples of the fund transfers by Binance and Zhao, the SEC’s filing on Tuesday alleged that on Jan.

The SEC’s filing on Tuesday gave further examples of how Binance and Zhao, one of the most prominent figures in crypto, allegedly moved “billions of dollars” through the United States.

The suit and one filed by the SEC the following day against major U.S. exchange Coinbase represented a dramatic escalation of a crackdown on the industry by U.S.

regulators.