CryptoCompliance
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🎉 Historic Move for Binance: Welcome the New Board of Directors! 🎉
Binance leaps into a new era with its first-ever board of directors! 🚀 This powerhouse team of seven blends Binance veterans with fresh, independent voices, charting a course for compliance, transparency, and innovation.
Chaired by Gabriel Abed, former Barbados ambassador to the UAE, and featuring luminaries like CEO Richard Teng, this board marks a significant milestone in Binance's journey towards fulfilling agreements with U.S. authorities.
Conclusion: 🌟 Binance's establishment of a board of directors, including independent members, is a bold step towards greater accountability and regulatory compliance. This evolution not only reinforces Binance's commitment to transparency but also sets a precedent for governance in the dynamic world of cryptocurrency.
Source : https://cointelegraph.com/news/binance-board-of-directors
#BinanceEvolution #Leadership #CryptoCompliance #InnovationForward #NewBeginnings
Binance leaps into a new era with its first-ever board of directors! 🚀 This powerhouse team of seven blends Binance veterans with fresh, independent voices, charting a course for compliance, transparency, and innovation.
Chaired by Gabriel Abed, former Barbados ambassador to the UAE, and featuring luminaries like CEO Richard Teng, this board marks a significant milestone in Binance's journey towards fulfilling agreements with U.S. authorities.
Conclusion: 🌟 Binance's establishment of a board of directors, including independent members, is a bold step towards greater accountability and regulatory compliance. This evolution not only reinforces Binance's commitment to transparency but also sets a precedent for governance in the dynamic world of cryptocurrency.
Source : https://cointelegraph.com/news/binance-board-of-directors
#BinanceEvolution #Leadership #CryptoCompliance #InnovationForward #NewBeginnings
🚨 Breaking News: Paraguay Takes Bold Action Against Illegal Crypto Mining! 🚨
In a groundbreaking move, Paraguay's justice system has set a historic precedent by convicting a property owner for illicit cryptocurrency mining! ⚖️💥 With over 1,000 mining units seized, this landmark case sends a powerful message about the consequences of unauthorized energy use. The convicted individual now faces 18 months behind bars.
As the crypto landscape evolves, adhering to legal and ethical standards is more crucial than ever. This ruling is a wake-up call for all mining operations to stay compliant and build a responsible crypto community. 🌍💡
Stay ahead of the curve and ensure your operations are on the right side of the law. Let’s build a transparent and ethical crypto world together!
#CryptoMining #LegalUpdate #Babylon_Mainnet_Launch #CryptoCompliance #BinanceSquareFamily
In a groundbreaking move, Paraguay's justice system has set a historic precedent by convicting a property owner for illicit cryptocurrency mining! ⚖️💥 With over 1,000 mining units seized, this landmark case sends a powerful message about the consequences of unauthorized energy use. The convicted individual now faces 18 months behind bars.
As the crypto landscape evolves, adhering to legal and ethical standards is more crucial than ever. This ruling is a wake-up call for all mining operations to stay compliant and build a responsible crypto community. 🌍💡
Stay ahead of the curve and ensure your operations are on the right side of the law. Let’s build a transparent and ethical crypto world together!
#CryptoMining #LegalUpdate #Babylon_Mainnet_Launch #CryptoCompliance #BinanceSquareFamily
🎉 Historic Move for Binance: Welcome the New Board of Directors! 🎉
Binance leaps into a new era with its first-ever board of directors! 🚀 This powerhouse team of seven blends Binance veterans with fresh, independent voices, charting a course for compliance, transparency, and innovation.
Chaired by Gabriel Abed, former Barbados ambassador to the UAE, and featuring luminaries like CEO Richard Teng, this board marks a significant milestone in Binance's journey towards fulfilling agreements with U.S. authorities.
Conclusion: 🌟 Binance's establishment of a board of directors, including independent members, is a bold step towards greater accountability and regulatory compliance. This evolution not only reinforces Binance's commitment to transparency but also sets a precedent for governance in the dynamic world of cryptocurrency.
Source : https://cointelegraph.com/news/binance-board-of-directors
#BinanceEvolution #Leadership #CryptoCompliance #InnovationForward #NewBeginnings
Binance leaps into a new era with its first-ever board of directors! 🚀 This powerhouse team of seven blends Binance veterans with fresh, independent voices, charting a course for compliance, transparency, and innovation.
Chaired by Gabriel Abed, former Barbados ambassador to the UAE, and featuring luminaries like CEO Richard Teng, this board marks a significant milestone in Binance's journey towards fulfilling agreements with U.S. authorities.
Conclusion: 🌟 Binance's establishment of a board of directors, including independent members, is a bold step towards greater accountability and regulatory compliance. This evolution not only reinforces Binance's commitment to transparency but also sets a precedent for governance in the dynamic world of cryptocurrency.
Source : https://cointelegraph.com/news/binance-board-of-directors
#BinanceEvolution #Leadership #CryptoCompliance #InnovationForward #NewBeginnings
🚀 Exciting Times for Crypto Enthusiasts! 🚀
The UK regulator has spotlighted a major shift in the crypto world: 87% of firms are struggling to meet registration requirements. As regulations tighten, the landscape is evolving rapidly. Navigating these changes is crucial for anyone in the crypto space.
At Binance, we’re committed to staying ahead of the curve and ensuring compliance with the latest regulations. As the industry transforms, we're here to support you with the tools and guidance you need.
Stay tuned and stay informed with Binance! 🌐✨
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
#CryptoMarketMoves #CryptoCompliance #Regulation #Blockchain #CryptoCommunity
The UK regulator has spotlighted a major shift in the crypto world: 87% of firms are struggling to meet registration requirements. As regulations tighten, the landscape is evolving rapidly. Navigating these changes is crucial for anyone in the crypto space.
At Binance, we’re committed to staying ahead of the curve and ensuring compliance with the latest regulations. As the industry transforms, we're here to support you with the tools and guidance you need.
Stay tuned and stay informed with Binance! 🌐✨
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
#CryptoMarketMoves #CryptoCompliance #Regulation #Blockchain #CryptoCommunity
🚨 UK Regulator's Latest Report: 87% of Crypto Firms Miss the Mark! 🚨
The crypto world is evolving fast, but so are the rules! 📈🔍 With stricter regulations now in play, navigating compliance has become more challenging than ever.
At Binance, we're committed to leading the way with top-notch security and regulatory adherence. Stay ahead of the curve with us and ensure your crypto journey is both exciting and compliant. 🚀🔐
#CryptoCompliance #Binance #CryptoNews
The crypto world is evolving fast, but so are the rules! 📈🔍 With stricter regulations now in play, navigating compliance has become more challenging than ever.
At Binance, we're committed to leading the way with top-notch security and regulatory adherence. Stay ahead of the curve with us and ensure your crypto journey is both exciting and compliant. 🚀🔐
#CryptoCompliance #Binance #CryptoNews
🚨 Breaking News: Paraguay Takes Bold Action Against Illegal Crypto Mining! 🚨
In a groundbreaking move, Paraguay's justice system has set a historic precedent by convicting a property owner for illicit cryptocurrency mining! ⚖️💥 With over 1,000 mining units seized, this landmark case sends a powerful message about the consequences of unauthorized energy use. The convicted individual now faces 18 months behind bars.
As the crypto landscape evolves, adhering to legal and ethical standards is more crucial than ever. This ruling is a wake-up call for all mining operations to stay compliant and build a responsible crypto community. 🌍💡
Stay ahead of the curve and ensure your operations are on the right side of the law. Let’s build a transparent and ethical crypto world together!
#CryptoMining #LegalUpdate #Babylon_Mainnet_Launch #CryptoCompliance #BinanceSquareFamily
In a groundbreaking move, Paraguay's justice system has set a historic precedent by convicting a property owner for illicit cryptocurrency mining! ⚖️💥 With over 1,000 mining units seized, this landmark case sends a powerful message about the consequences of unauthorized energy use. The convicted individual now faces 18 months behind bars.
As the crypto landscape evolves, adhering to legal and ethical standards is more crucial than ever. This ruling is a wake-up call for all mining operations to stay compliant and build a responsible crypto community. 🌍💡
Stay ahead of the curve and ensure your operations are on the right side of the law. Let’s build a transparent and ethical crypto world together!
#CryptoMining #LegalUpdate #Babylon_Mainnet_Launch #CryptoCompliance #BinanceSquareFamily
This year, Binance Holdings Ltd. is actively hiring 1,000 employees, with a significant portion focused on compliance roles. This initiative comes as the crypto exchange's annual spending to meet regulatory requirements. Keep building Binance.
#BinanceHiring2024 #CryptoCompliance #JoinBinance #RegulatoryReadiness #CryptoCareers
$BNB
#BinanceHiring2024 #CryptoCompliance #JoinBinance #RegulatoryReadiness #CryptoCareers
$BNB
📢 Binance US appoints Lesley O'Neill as Chief Compliance Officer (CCO), responsible for regulatory compliance, KYC, AML, and sanctions programs. Former CCO Tammy Weinrib resigned in November, as per the official announcement. 🇺🇸💼 #CryptoCompliance
🚨 Big news from Germany! 🚨
In a bold move, German authorities have confiscated 13 unregistered cryptocurrency ATMs, highlighting the critical importance of regulatory compliance in the crypto world. 🌍🔒
For all crypto enthusiasts and service providers, this serves as a powerful reminder: staying on the right side of the law isn’t just good practice—it’s essential. ✅✨
At Binance, we’re dedicated to maintaining the highest standards of compliance and security. Let’s continue to innovate while respecting regulatory guidelines! 💪🚀
#CryptoCompliance #Binance #RegulatoryNews #CryptoInnovation
In a bold move, German authorities have confiscated 13 unregistered cryptocurrency ATMs, highlighting the critical importance of regulatory compliance in the crypto world. 🌍🔒
For all crypto enthusiasts and service providers, this serves as a powerful reminder: staying on the right side of the law isn’t just good practice—it’s essential. ✅✨
At Binance, we’re dedicated to maintaining the highest standards of compliance and security. Let’s continue to innovate while respecting regulatory guidelines! 💪🚀
#CryptoCompliance #Binance #RegulatoryNews #CryptoInnovation
🇪🇺 EU Cracks Down on Anonymous Crypto Transactions! 🚫
The European Union has enacted a ban on cryptocurrency transactions from unidentified self-custody wallets. This move is part of new Anti-Money Laundering (AML) regulations designed to enhance transparency and combat illicit activities.
Patrick Breyer, a member of the European Parliament from the Deutsch Piraten Partei, shared that the majority of the EU Parliament’s lead commission backed this prohibition on March 19.
Stay informed and ensure your crypto transactions meet the latest regulatory requirements!
#EURegulations
#CryptoCompliance #AML #SelfCustody #Binance
$BTC
$ETH
$BNB
The European Union has enacted a ban on cryptocurrency transactions from unidentified self-custody wallets. This move is part of new Anti-Money Laundering (AML) regulations designed to enhance transparency and combat illicit activities.
Patrick Breyer, a member of the European Parliament from the Deutsch Piraten Partei, shared that the majority of the EU Parliament’s lead commission backed this prohibition on March 19.
Stay informed and ensure your crypto transactions meet the latest regulatory requirements!
#EURegulations
#CryptoCompliance #AML #SelfCustody #Binance
$BTC
$ETH
$BNB
🇭🇰 Hong Kong Gate.HK clarifies its separation from Gate.io, emphasizing adherence to local regulations and non-sharing of customer information. Gate.io Hong Kong operates independently, with no user migration support from Gate.io in China, and aims to introduce new products and services in line with user needs. #BitcoinWorld #CryptoCompliance 🏦🤝📋
🌟 Taiwan Steps Up Crypto Regulation Game! 🌟
Attention all crypto enthusiasts! Taiwan's regulatory authorities have just given the green light to a set of new rules aimed at tightening the reins on cryptocurrency businesses. Now, any entity or individual diving into the virtual asset arena must buckle up and comply with stringent anti-money laundering protocols and register their service offerings. But here's the kicker – failure to toe the line could mean hefty fines or even a stint behind bars! 🚔 And that's not all – even overseas players wanting a piece of the action in Taiwan must play by the rules, with no exceptions! 😲 Deputy Commissioner Chiu Shu-Chen spills the beans, revealing plans for a brand new cryptocurrency business association to ensure compliance and smooth sailing in this dynamic market. Brace yourselves for a new era of accountability and transparency! 💼💰 #CryptoCompliance #TaiwanRegulationRevamp #TransparencyIsKey 🚀
Attention all crypto enthusiasts! Taiwan's regulatory authorities have just given the green light to a set of new rules aimed at tightening the reins on cryptocurrency businesses. Now, any entity or individual diving into the virtual asset arena must buckle up and comply with stringent anti-money laundering protocols and register their service offerings. But here's the kicker – failure to toe the line could mean hefty fines or even a stint behind bars! 🚔 And that's not all – even overseas players wanting a piece of the action in Taiwan must play by the rules, with no exceptions! 😲 Deputy Commissioner Chiu Shu-Chen spills the beans, revealing plans for a brand new cryptocurrency business association to ensure compliance and smooth sailing in this dynamic market. Brace yourselves for a new era of accountability and transparency! 💼💰 #CryptoCompliance #TaiwanRegulationRevamp #TransparencyIsKey 🚀
Important Announcement for Binance Users in Turkey! 🚨
🚨
As part of our ongoing commitment to compliance and ensuring uninterrupted service, Binance is making some adjustments to meet the new legal requirements set by the Turkish Grand National Assembly.
🔔 Starting September 27, 2024, Binance.com and our app will no longer support the Turkish language option.
But don’t worry, Binance.com will remain fully accessible in Turkey, with all of your favorite features and services available in English and other supported languages!
Here’s what to expect: ✅ Uninterrupted access to Binance’s products and services. ✅ 24/7 Turkish customer support still available for all your needs. ✅ No changes to your user experience—just a language switch.
We're here to ensure a smooth transition. Your funds are safe and secure with Binance, as always!
Thank you for your understanding and continued support as we take this step toward full compliance. 🌍
#Binance #CryptoCompliance #CryptoInTurkey #CryptoNews #BinanceUpdates
As part of our ongoing commitment to compliance and ensuring uninterrupted service, Binance is making some adjustments to meet the new legal requirements set by the Turkish Grand National Assembly.
🔔 Starting September 27, 2024, Binance.com and our app will no longer support the Turkish language option.
But don’t worry, Binance.com will remain fully accessible in Turkey, with all of your favorite features and services available in English and other supported languages!
Here’s what to expect: ✅ Uninterrupted access to Binance’s products and services. ✅ 24/7 Turkish customer support still available for all your needs. ✅ No changes to your user experience—just a language switch.
We're here to ensure a smooth transition. Your funds are safe and secure with Binance, as always!
Thank you for your understanding and continued support as we take this step toward full compliance. 🌍
#Binance #CryptoCompliance #CryptoInTurkey #CryptoNews #BinanceUpdates
🚨Important Binance Announcement: Altcoin Delisting & Token Conversion Alert! 🚨
Binance is issuing a crucial update for all altcoin holders—several cryptocurrencies will be delisted soon, and if you're holding any of these tokens, it's essential to act now! Here's the breakdown of the affected tokens and what you need to do:
🔴 Affected Tokens:
Tornado Cash (TORN)
VAI (VAI)
OMG Network (OMG)
Waves (WAVES)
BarnBridge (BOND)
MDEX (MDX)
Dock (DOCK)
NEM (XEM)
Polkastarter (POLS)
Pundi X (PUNDIX)
📅 Key Dates to Keep in Mind:
October 29, 2024: Binance will stop supporting deposits for the affected tokens. Make sure to take action before this date!
April 28, 2025: Any remaining tokens in your account will be automatically converted into USDC, based on the average exchange rate between the token and USDC during the conversion period (October 29, 2024 - April 28, 2025).
⚠️ What This Means for You:
No more deposits for the affected tokens after October 29, 2024.
You can still withdraw these tokens until October 28, 2024, but after that, they won’t be transferable to external wallets.
Once the conversion is complete, Binance will notify you via email, and your funds will be moved to USDC.
🌐 Global Compliance Updates:
Additionally, Binance has announced that it will no longer support the Turkish language on its website and app. This is part of Binance’s ongoing commitment to complying with local regulations in Turkey, though Turkish users will still receive full customer support in their language.
🔒 Rest Assured: Your Funds Are Safe!
Binance reassures all users that despite these changes, your funds remain secure and protected. The platform continues to prioritize user security and asset protection as it adapts to regulatory shifts.
What Should You Do?
If you're holding any of the delisted tokens, it’s time to act! Make sure to withdraw or convert your assets to USDC before the deadline to avoid any complications. Stay informed by checking your inbox for updates from Binance.
🔗 Stay ahead of the curve! Ensure your tokens are positioned for the best outcome before these changes take effect.
🔴 Affected Tokens:
Tornado Cash (TORN)
VAI (VAI)
OMG Network (OMG)
Waves (WAVES)
BarnBridge (BOND)
MDEX (MDX)
Dock (DOCK)
NEM (XEM)
Polkastarter (POLS)
Pundi X (PUNDIX)
📅 Key Dates to Keep in Mind:
October 29, 2024: Binance will stop supporting deposits for the affected tokens. Make sure to take action before this date!
April 28, 2025: Any remaining tokens in your account will be automatically converted into USDC, based on the average exchange rate between the token and USDC during the conversion period (October 29, 2024 - April 28, 2025).
⚠️ What This Means for You:
No more deposits for the affected tokens after October 29, 2024.
You can still withdraw these tokens until October 28, 2024, but after that, they won’t be transferable to external wallets.
Once the conversion is complete, Binance will notify you via email, and your funds will be moved to USDC.
🌐 Global Compliance Updates:
Additionally, Binance has announced that it will no longer support the Turkish language on its website and app. This is part of Binance’s ongoing commitment to complying with local regulations in Turkey, though Turkish users will still receive full customer support in their language.
🔒 Rest Assured: Your Funds Are Safe!
Binance reassures all users that despite these changes, your funds remain secure and protected. The platform continues to prioritize user security and asset protection as it adapts to regulatory shifts.
What Should You Do?
If you're holding any of the delisted tokens, it’s time to act! Make sure to withdraw or convert your assets to USDC before the deadline to avoid any complications. Stay informed by checking your inbox for updates from Binance.
🔗 Stay ahead of the curve! Ensure your tokens are positioned for the best outcome before these changes take effect.
🚀 𝗕𝗿𝗲𝗮𝗸𝗶𝗻𝗴 𝗡𝗲𝘄𝘀: 𝗢𝗞𝗫 𝗦𝗮𝘆𝘀 𝗙𝗮𝗿𝗲𝘄𝗲𝗹𝗹 𝘁𝗼 𝗡𝗶𝗴𝗲𝗿𝗶𝗮!?
Heads up, crypto fans! OKX is packing up and exiting Nigeria due to some intense regulatory drama. 😅 If you're a Nigerian user, make sure to withdraw your funds before August 30—after that, access will be restricted! And from August 16, no new accounts or positions can be created.
Why the exit? Regulatory pressures are mounting, much like what Binance experienced. Compliance is crucial in the crypto world!
OKX is taking proactive measures to ensure a smooth asset transfer process. What do you think about this move? Share your thoughts in the comments! Let’s dive into the future of crypto in Nigeria!
#CryptoNews #Write2Earn! #SOFR_Spike #BinanceUpdates #CryptoCompliance
Heads up, crypto fans! OKX is packing up and exiting Nigeria due to some intense regulatory drama. 😅 If you're a Nigerian user, make sure to withdraw your funds before August 30—after that, access will be restricted! And from August 16, no new accounts or positions can be created.
Why the exit? Regulatory pressures are mounting, much like what Binance experienced. Compliance is crucial in the crypto world!
OKX is taking proactive measures to ensure a smooth asset transfer process. What do you think about this move? Share your thoughts in the comments! Let’s dive into the future of crypto in Nigeria!
#CryptoNews #Write2Earn! #SOFR_Spike #BinanceUpdates #CryptoCompliance
"🚨 Breaking News 🚨
UK Regulator reports 87% of crypto firms are failing to meet crucial registration requirements! 🔍 As the regulatory landscape tightens, compliance is becoming a critical challenge for many.
🌐 At Binance, we lead the way in navigating these evolving standards with transparency and innovation, ensuring a secure and seamless experience for our users.
Don’t let compliance be your barrier to success! Choose a partner who’s ahead of the curve. #CryptoCompliance #BinanceLeading #CryptoNews #StayAhead #CryptoRegulation"
$BTC
$ETH
$BNB
UK Regulator reports 87% of crypto firms are failing to meet crucial registration requirements! 🔍 As the regulatory landscape tightens, compliance is becoming a critical challenge for many.
🌐 At Binance, we lead the way in navigating these evolving standards with transparency and innovation, ensuring a secure and seamless experience for our users.
Don’t let compliance be your barrier to success! Choose a partner who’s ahead of the curve. #CryptoCompliance #BinanceLeading #CryptoNews #StayAhead #CryptoRegulation"
$BTC
$ETH
$BNB
Here’s a closer look at Taiwan’s latest anti-money laundering regulations targeting virtual asset service providers (VASPs)!
Taiwan's Financial Supervisory Commission (FSC) has introduced new guidelines to take effect on January 1, 2025, aimed at tightening crypto regulations while fostering innovation in the space. This shift will elevate the standards for compliance while ensuring that the crypto ecosystem remains secure and sustainable.
What’s in the update:
All crypto companies must register with the FSC by September 2025 or face penalties.
Additional crypto laws are expected by June 2025, designed to secure Taiwan’s growing crypto landscape.
Professional investors can now access foreign virtual asset-related ETFs, although these are high-risk investments restricted to institutional players and high-net-worth individuals.
These new rules come with safeguards, requiring securities firms to implement risk assessments and issue clear warnings before non-institutional clients can make their first purchase. Employees will also undergo regular training to fully understand virtual assets.
Final thoughts: These regulations are setting a high bar for crypto compliance while still allowing room for growth. It’s a significant move for professional investors, and while the entry for regular investors is now tougher, it’s all about creating a safe and transparent market. Taiwan is leading by example in finding a balance between innovation and security.
What’s your view on Taiwan’s new regulations? Could this be the future blueprint for crypto markets worldwide?
#TaiwanCrypto
#CryptoCompliance
#VASPs
#Binance #FutureOfCrypto
$MOVR
Taiwan's Financial Supervisory Commission (FSC) has introduced new guidelines to take effect on January 1, 2025, aimed at tightening crypto regulations while fostering innovation in the space. This shift will elevate the standards for compliance while ensuring that the crypto ecosystem remains secure and sustainable.
What’s in the update:
All crypto companies must register with the FSC by September 2025 or face penalties.
Additional crypto laws are expected by June 2025, designed to secure Taiwan’s growing crypto landscape.
Professional investors can now access foreign virtual asset-related ETFs, although these are high-risk investments restricted to institutional players and high-net-worth individuals.
These new rules come with safeguards, requiring securities firms to implement risk assessments and issue clear warnings before non-institutional clients can make their first purchase. Employees will also undergo regular training to fully understand virtual assets.
Final thoughts: These regulations are setting a high bar for crypto compliance while still allowing room for growth. It’s a significant move for professional investors, and while the entry for regular investors is now tougher, it’s all about creating a safe and transparent market. Taiwan is leading by example in finding a balance between innovation and security.
What’s your view on Taiwan’s new regulations? Could this be the future blueprint for crypto markets worldwide?
#TaiwanCrypto
#CryptoCompliance
#VASPs
#Binance #FutureOfCrypto
$MOVR
🚨 Important Binance Announcement: Altcoin Delisting & Token Conversion Alert! 🚨
Binance is making headlines with a crucial update for altcoin holders—and it’s important you stay informed! The platform has announced the delisting of several cryptocurrencies, and if you're holding any of the affected tokens, this could impact you. Here’s everything you need to know:
🔴 Affected Tokens:
Tornado Cash (TORN)
VAI (VAI)
OMG Network (OMG)
Waves (WAVES)
BarnBridge (BOND)
MDEX (MDX)
Dock (DOCK)
NEM (XEM)
Polkastarter (POLS)
Pundi X (PUNDIX)
📅 Key Dates to Remember:
October 29, 2024: Binance will stop supporting deposits of these tokens. Time to act—make sure to notarize and dispose of them before this date!
April 28, 2025: Any remaining tokens will automatically be converted into USDC, based on the average exchange rate between the token and USDC during the conversion period (October 29, 2024 - April 28, 2025).
⚠️ What This Means for You:
No more deposits for the affected tokens after October 29, 2024.
You can still withdraw these tokens until October 28, 2024, but after that, they won’t be transferable to external wallets.
Binance will notify users via email once the conversion is complete and your funds have been safely moved to USDC.
🌐 A Global Move to Stay Compliant:
In other news, Binance also recently announced that it will no longer support Turkish language on its website and app. This decision is part of Binance’s commitment to ensuring full legal compliance in Turkey, while maintaining all services for Turkish users, including customer support in Turkish.
🔒 Your Funds Are Safe!
Binance reassures all users that despite the changes, your funds remain secure and unaffected. The platform continues to prioritize user security and is committed to keeping your assets safe, even as it adapts to evolving regulatory landscapes.
What Should You Do?
If you hold any of the delisted tokens, act now! Make sure to withdraw or convert your assets to USDC before the deadline to avoid any complications.
🔗 Stay ahead of the game! Ensure that your tokens are in the best position before the changes take effect, and keep an eye on your inbox for updates.
#WeAreAllSatoshi #BinanceTurns7 #CryptoCompliance #MarketDownturn #BinanceUpdates
🔴 Affected Tokens:
Tornado Cash (TORN)
VAI (VAI)
OMG Network (OMG)
Waves (WAVES)
BarnBridge (BOND)
MDEX (MDX)
Dock (DOCK)
NEM (XEM)
Polkastarter (POLS)
Pundi X (PUNDIX)
📅 Key Dates to Remember:
October 29, 2024: Binance will stop supporting deposits of these tokens. Time to act—make sure to notarize and dispose of them before this date!
April 28, 2025: Any remaining tokens will automatically be converted into USDC, based on the average exchange rate between the token and USDC during the conversion period (October 29, 2024 - April 28, 2025).
⚠️ What This Means for You:
No more deposits for the affected tokens after October 29, 2024.
You can still withdraw these tokens until October 28, 2024, but after that, they won’t be transferable to external wallets.
Binance will notify users via email once the conversion is complete and your funds have been safely moved to USDC.
🌐 A Global Move to Stay Compliant:
In other news, Binance also recently announced that it will no longer support Turkish language on its website and app. This decision is part of Binance’s commitment to ensuring full legal compliance in Turkey, while maintaining all services for Turkish users, including customer support in Turkish.
🔒 Your Funds Are Safe!
Binance reassures all users that despite the changes, your funds remain secure and unaffected. The platform continues to prioritize user security and is committed to keeping your assets safe, even as it adapts to evolving regulatory landscapes.
What Should You Do?
If you hold any of the delisted tokens, act now! Make sure to withdraw or convert your assets to USDC before the deadline to avoid any complications.
🔗 Stay ahead of the game! Ensure that your tokens are in the best position before the changes take effect, and keep an eye on your inbox for updates.
#WeAreAllSatoshi #BinanceTurns7 #CryptoCompliance #MarketDownturn #BinanceUpdates
🔐 How to Legally Transfer Your Cryptocurrency Wealth to Your Bank Account 💼
Congratulations on your crypto gains! If you're ready to transfer your wealth into fiat currency, proceed with caution to ensure legal compliance and a smooth transition. Here's how:
1. BiyaPay Wallet for Secure Transfers
Convert your cryptocurrency (e.g., USDT) to fiat currency using BiyaPay, a U.S.-licensed wallet.
Once converted, transfer the funds to trusted banks like Wise or OCBC for easy withdrawal.
OCBC’s 360 account offers larger withdrawal limits, even allowing cash access within China.
2. Withdraw via Kraken to iFAST
Kraken, a licensed exchange, allows you to withdraw large sums legally.
Transfer to iFAST bank in the UK for secure handling, but keep in mind exchange rate fluctuations and fees.
⚖️ Important: Always Consult a Legal Advisor
Legal and tax regulations vary by country. Make sure to consult an expert to ensure full compliance with your jurisdiction.
💡 By using these methods and seeking legal advice, you can safely move your cryptocurrency wealth into fiat without legal complications.
#CryptoToBank #USDT #WealthManagement #CryptoCompliance #BTC
Congratulations on your crypto gains! If you're ready to transfer your wealth into fiat currency, proceed with caution to ensure legal compliance and a smooth transition. Here's how:
1. BiyaPay Wallet for Secure Transfers
Convert your cryptocurrency (e.g., USDT) to fiat currency using BiyaPay, a U.S.-licensed wallet.
Once converted, transfer the funds to trusted banks like Wise or OCBC for easy withdrawal.
OCBC’s 360 account offers larger withdrawal limits, even allowing cash access within China.
2. Withdraw via Kraken to iFAST
Kraken, a licensed exchange, allows you to withdraw large sums legally.
Transfer to iFAST bank in the UK for secure handling, but keep in mind exchange rate fluctuations and fees.
⚖️ Important: Always Consult a Legal Advisor
Legal and tax regulations vary by country. Make sure to consult an expert to ensure full compliance with your jurisdiction.
💡 By using these methods and seeking legal advice, you can safely move your cryptocurrency wealth into fiat without legal complications.
#CryptoToBank #USDT #WealthManagement #CryptoCompliance #BTC
Nigerian Government Drops Charges Against Binance Executive Tigran Gambaryan
The Nigerian government has officially dropped all charges against Tigran Gambaryan, a senior executive at Binance Holdings, according to a report by Business Insider Africa.
Charges and Detention
Gambaryan, a U.S. citizen and former IRS agent, had been detained in Nigeria since April on charges of money laundering and operating an unlicensed financial institution. However, the Economic and Financial Crimes Commission (EFCC) has now formally withdrawn all charges during a session at the Federal High Court in Abuja.
Arrest and Detention Circumstances
Gambaryan was arrested in February 2024 while visiting Nigeria to discuss regulatory matters related to Binance. His arrest occurred alongside the detention of his colleague, Nadeem Anjarwalla, who managed to escape custody.
Following his arrest, Gambaryan was held at the Kuje Correctional Facility, where his health reportedly deteriorated. Attempts to secure bail were unsuccessful, with Judge Emeka Nwite denying the bail request due to concerns about potential flight risk.
Diplomatic Efforts Leading to Charges Being Dropped
The decision to drop the charges came after months of intense diplomatic negotiations between Nigerian and U.S. officials. U.S. lawmakers also lobbied for Gambaryan’s release, emphasizing the importance of a fair trial for foreign nationals.
This diplomatic pressure led the EFCC to announce the withdrawal of all charges during Wednesday’s court session. Gambaryan’s lawyer, Mark Mordi, confirmed that the prosecution acknowledged his client was not involved in Binance’s broader financial decisions, which was crucial in resolving the case.
International Impact and Public Reaction
The case garnered international attention due to Binance's involvement and its potential implications for global business relations. Binance CEO Richard Teng previously criticized Nigeria’s decision to detain Gambaryan, warning that such actions could harm Nigeria's reputation as a trusted business partner.
In June, the Nigerian Federal Tax Authority also dropped Gambaryan and Anjarwalla from a separate tax evasion case.
Health Concerns and Public Reaction
During his detention, concerns were raised about Gambaryan’s health, with reports indicating that he had become "seriously ill" while at the Kuje facility. These health issues and his prolonged detention further fueled diplomatic efforts to secure his release.
With the charges now dropped, Gambaryan’s legal team is focused on ensuring his safe return to the United States. It remains to be seen how the remaining charges against Binance will be handled, but this diplomatic resolution may set a precedent for future negotiations between Nigeria and international business leaders.
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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Charges and Detention
Gambaryan, a U.S. citizen and former IRS agent, had been detained in Nigeria since April on charges of money laundering and operating an unlicensed financial institution. However, the Economic and Financial Crimes Commission (EFCC) has now formally withdrawn all charges during a session at the Federal High Court in Abuja.
Arrest and Detention Circumstances
Gambaryan was arrested in February 2024 while visiting Nigeria to discuss regulatory matters related to Binance. His arrest occurred alongside the detention of his colleague, Nadeem Anjarwalla, who managed to escape custody.
Following his arrest, Gambaryan was held at the Kuje Correctional Facility, where his health reportedly deteriorated. Attempts to secure bail were unsuccessful, with Judge Emeka Nwite denying the bail request due to concerns about potential flight risk.
Diplomatic Efforts Leading to Charges Being Dropped
The decision to drop the charges came after months of intense diplomatic negotiations between Nigerian and U.S. officials. U.S. lawmakers also lobbied for Gambaryan’s release, emphasizing the importance of a fair trial for foreign nationals.
This diplomatic pressure led the EFCC to announce the withdrawal of all charges during Wednesday’s court session. Gambaryan’s lawyer, Mark Mordi, confirmed that the prosecution acknowledged his client was not involved in Binance’s broader financial decisions, which was crucial in resolving the case.
International Impact and Public Reaction
The case garnered international attention due to Binance's involvement and its potential implications for global business relations. Binance CEO Richard Teng previously criticized Nigeria’s decision to detain Gambaryan, warning that such actions could harm Nigeria's reputation as a trusted business partner.
In June, the Nigerian Federal Tax Authority also dropped Gambaryan and Anjarwalla from a separate tax evasion case.
Health Concerns and Public Reaction
During his detention, concerns were raised about Gambaryan’s health, with reports indicating that he had become "seriously ill" while at the Kuje facility. These health issues and his prolonged detention further fueled diplomatic efforts to secure his release.
With the charges now dropped, Gambaryan’s legal team is focused on ensuring his safe return to the United States. It remains to be seen how the remaining charges against Binance will be handled, but this diplomatic resolution may set a precedent for future negotiations between Nigeria and international business leaders.
#cryptoregulation , #CryptoNews🚀🔥 , #FinancialRegulation , #BlockchainTechnology , #CryptoCompliance
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“