Post
Topic
Board Altcoin Discussion
Re: What will happen to Binance?
by
Erdogan
on 09/08/2021, 19:28:41 UTC
Is MtGox 2.0 incoming
Will the exchage be homeless? https://youtu.be/HufsDhSm834

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Edit:

@BinanceUS's now-former CEO @BrianBrooksUS has abruptly resigned from the exchange mere months after he joined.
https://twitter.com/CoinDesk/status/1423730217357660160


Thailand filed criminal complaint
https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=9017

Japan’s Financial Services Agency warning Binance operating with no license
https://www.fsa.go.jp/policy/virtual_currency02/Binance2_keikokushilyo.pdf

Binance is no longer open for business in Canada’s most populous province
https://www.coindesk.com/binance-pulls-out-of-ontario-following-actions-against-other-crypto-exchanges

Singapore’s central bank, the Monetary Authority is looking into it
https://www.bloomberg.com/news/articles/2021-07-01/singapore-to-follow-up-with-binance-in-wake-of-global-crackdown?sref=3REHEaVI

Consumer warning from UK’s Financial Conduct Authority
https://www.fca.org.uk/news/news-stories/consumer-warning-binance-markets-limited-and-binance-group

Money laundering in India
https://www.financialwatchngr.com/2021/07/30/binance-may-face-investigation-in-the-134-million-money-laundering-case-in-india/

Cryptocurrency exchange Binance is also banned in Italy
https://tokensboss.com/cryptocurrency-exchange-binance-is-also-banned-in-italy/

Malta
https://bitcoinist.com/binance-in-new-trouble-charity-in-malta-may-face-legal-issues/

Binance now faces a regulatory warning in Lithuania for offering derivatives services.
https://coinnounce.com/binance-faces-a-regulatory-warning-in-lithuania/

Poland’s UKNF Issues A Warning Against Binance Markets
https://www.brokersview.com/news/1781

Russia Blacklists Binance Over Data Distribution
https://www.pymnts.com/blockchain/bitcoin/2020/bitcoin-daily-russia-blacklists-binance-over-data-distribution-china-says-illegal-gambling-uses-crypto-move-funds-out-country/

Netherlands
https://thenewscrypto.com/binance-shuts-down-in-germany-italy-and-the-netherlands/

Binance Not Authorized To Operate In Cayman Islands
https://decrypt.co/75042/binance-not-authorised-to-operate-in-cayman-islands

Malaysia cease-and-desist orders against five entities: Binance Holdings Limited, Zhao Changpeng, CEO of Binance, Binance Digital Limited, Binance UAB, and Binance Asia Services. Binance a unauthorised entitiy
https://www.fxempire.com/forecasts/article/are-binances-regulatory-struggles-just-starting-binance-now-banned-in-malaysia-760167

Cryptoexchange Binance to stop Hong Kong users trading derivatives
https://www.reuters.com/technology/cryptoexchange-binance-stop-hong-kong-users-trading-derivatives-2021-08-06/

Binance may have violated securities rules by allowing token trading of some US stocks, Germany's financial watchdog (BaFin) says
https://www.businessinsider.in/stock-market/news/binance-may-have-violated-securities-rules-by-allowing-token-trading-of-some-us-stocks-germanys-financial-watchdog-says/articleshow/82312381.cms


Under investigation by the US Department of Justice and the Internal Revenue Service
China

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Barclays Halts Transfer of Funds to Binance Exchange
https://beincrypto.com/barclays-halts-transfer-funds-binance-exchange/

HSBC UK is blocking customers from making payments to Binance
https://www.msn.com/en-us/money/companies/hsbc-uk-is-blocking-customers-from-making-payments-to-binance-report-says/ar-AAMTPHt

South Africa Bank Blocks Clients From Buying Crypto on Binance, Exchange Rejects Allegations
https://news.bitcoin.com/south-africa-bank-blocks-clients-from-buying-crypto-on-binance-exchange-rejects-allegations/

Binance Suspends Deposits in Nigeria Following Central Bank Directive
https://worldwidecrypto.net/index.php/2021/02/06/binance-suspends-deposits-in-nigeria-following-central-bank-directive/

Lexia is taking legal action against Binance
https://cryptoguardian.net/news/class-action-lawsuit-against-binance-targets-exchanges-futures-trading/





Hope nothing bad happens to Binance. If Binance collapsed, it would be a huge blow to the entire cryptocurrency market. In fact, the list of information and warnings you have mentioned is very long, but I think most of it is just that you should always be careful no matter what the exchange is. I don't think Binance's situation is at danger.