Binance CEO: Cryptocurrencies are terrible to escape sanctions

    Binance CEO, Chengpeng Zhao, said cryptocurrencies are “terrible for avoiding sanctions.” He also noted the reason: “It is traceable.” He also explained how they lack the ability to freeze all Russian users’ assets. Chengpeng “CZ” Zhao, CEO of the biggest crypto exchange Binance, believes that cryptocurrencies are terrible for evading sanctions. This comment comes amid…

    Binance is hiring over 100 positions in the UAE

    Binance, the largest crypto exchange by trading volume, is recruiting over 100 positions in the UAE and is helping to shape Dubai’s new virtual assets’ regulations, its MENA regional head said. As Reuters reported, Binance’s activity in the Gulf state has boosted in recent months as the UAE tries to style itself as the world’s…

    FTX and Binance get approval for a crypto license in Dubai

    Popular crypto exchanges FTX and Binance have received new licenses to operate in Dubai and Bahrain. Crypto giants are setting up the stage for a major push in the Middle East. FTX’s European and Middle East affiliate (FTX Europe & MENA) announced Tuesday it had been licensed to establish and operate Virtual Asset Exchange and…

    Binance seeks to obtain a Dubai license as the Emirate adopted a law on virtual assets

    Binance Holdings is in talks to obtain a license to operate in Dubai, said Bloomberg, citing a person familiar with the matter. The move comes after Dubai adopts its first law governing virtual assets. As Bloomberg reported Wednesday, the world’s largest crypto exchange Binance is in talks with the Dubai World Trade Centre free zone…

    Binance donates $10 million for Ukraine crisis

    Binance, a global cryptocurrency exchange, on Sunday announced a $10 million donation to help the humanitarian crisis in Ukraine. This is by far the largest amount donated by the crypto industry. Previously, Changpeng Zhao, CEO of Binance, said it included ground logistics, food, fuel, supplies, refugees, places to stay, visas, and more. Binance, the world’s…

    Binance takes a $200 million stake in Forbes

    Binance is making a $200 million strategic investment in Forbes ahead of the publication’s plan to go public through a special purpose acquisition company in the first quarter of 2022. The world’s largest crypto exchange is branching out with a remarkable media investment. Binance will invest $200 million in Forbes, an anonymous source told CNBC…