Tag: binance trouble

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Binance US Loses Key Executives as Regulatory Issues Intensify – Here’s the Latest

Binance US, the American subsidiary of the well-known cryptocurrency exchange, is experiencing a series of high-profile departures.  Today, Sidney Majalya, the Chief Risk Officer, and Krishna Juvvadi, the head of legal, resigned according to a report by Wall Street Journal. Their exits followed the recent resignation of Brian Shroder, the firm’s President and CEO. These…
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Canadian Regulator Insists Binance Is Unauthorized, Calls the Crypto Exchange’s Letter to Users ‘Unacceptable’

The Ontario Securities Commission (OSC) claims that Binance has rescinded its commitment to comply with previously agreed requirements. The crypto exchange told the regulator that there would be no new transactions involving Ontario residents after Dec. 31. However, Binance recently informed its Ontario users that they no longer have to close their accounts by year-end.…
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