Binance CEO said recent FUD around exchange is false
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
FUD. Only a limited number of user accounts, linked to illicit funds, were blocked from transacting. There have been some incorrect statements about this."As a global crypto exchange, we comply with internationally accepted anti-money laundering legislation, just like any other financial institution. In his short statement, we will continue to educate users on how to safely and securely transact on our platform," the Binance CEO said., it is also known to face significant backlash.
If Binance is allowed to resonate throughout industry, it might face more intensive fallout from community members. As Teng noted, the trading platform is suing for peace in the region.Beyond Binance exchange coming into the spotlight, the broader crypto community has been speaking against censorship in any form in the industry. This censorship move is behind the This is why Binance exchange cannot afford to be caught in a censorship brawl.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ripple CEO Slams SEC's Hypocrisy Amid U-turn in Binance CaseRipple CEO Brad Garlinghouse did not hold back his criticism of SEC's actions
Read more »
Binance CEO Breaks Silence on How Long Bear Market Will ContinueBinance CEO Richard Teng reveals next big threat to cryptocurrency market and when this will all end
Read more »
Bull Market Confirmed? Binance CEO Shares Hidden InsightBinance chief Richard Teng reveals $2.2 billion net inflow, sparking bull market speculation as trading volumes and assets skyrocket
Read more »
Binance CEO Reports Huge Net Inflow In Past 24 HoursBinance boss shared news of record daily inflows from crypto investors
Read more »
Ex-Binance CEO CZ Facing New Lawsuit: DetailsThe former Binance boss has been slapped with a new class-action lawsuit
Read more »
'Get Him Home': Binance CEO Urges Nigerian Government to Free Detained ExecCheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
Read more »