"If we expand Dubai to offer services in Saudi Arabia or Bahrain, to jurisdictions where there is no domestic framework required, then those domestic populations are actually getting a windfall benefit because we are regulated by an international regulator," Byun said.
(Reporting by Rishabh Jaiswal and Jahnavi Nidumolu in Bengaluru; Editing by Muralikumar Anantharaman)
Sunak said in the statement he is "determined to unlock opportunities" for blockchain technology and "turn the UK into the world´s Web3 centre".
Web3 is a much-hyped vision of a future internet built on blockchain.
The move comes at a time when the global cryptocurrency industry has been caught in the crosshairs of the U.S.
securities regulator on alleged violations of securities laws.
"Binance Nigeria Limited is hereby directed to immediately stop soliciting Nigerian investors in any form whatsoever," the Securities and Exchange Commission (SEC) said in a statement dated June 9.
It said the company was not registered or regulated, making it illegal.
LAGOS, June 10 (Reuters) - Nigeria's markets regulator has ordered the world's largest
cryptocurrency exchange Binance to halt its operations in the country, saying a local unit that courted Nigerian investors through a website was illegal.
The crypto industry has attacked Gensler in recent days after the SEC sued two of the world's largest crypto exchanges, Coinbase and Binance, for allegedly breaking securities laws by failing to register their operations with the agency.
"If we don't see that regulatory clarity emerge in the US we may have to consider investing more elsewhere in the world," Coinbase CEO Brian Armstrong told a conference in London.
The failed crypto company has been holding talks with investors about backing a potential restart of the FTX.com exchange through structures such as a joint venture, the report added citing people familiar with the discussions.
Many companies have started providing binance clone script for traders who are willing to start their crypto exchange platforms like the Binance website.
This platform supports more than 100+ cryptocurrencies with multi-lingual features. Binance is one of the largest and most trusted cryptocurrency exchange
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Binance having more than 4 million active users and also increasing no of users day-by-day.
PARIS, June 22 (Reuters) - CACEIS, the asset servicing business owned by Credit Agricole and Santander , has registered with France's markets regulator AMF to provide custody services for digital assets, such as cryptocurrencies.
Binance.US, the purportedly independent partner of Binance, said in a tweet on Thursday that its banking partners were preparing to stop dollar withdrawal channels as early as June 13, after the U.S.
Securities and Exchange Commission asked a court to freeze its assets. Customers have until Tuesday to withdraw their funds.
U.S.
financial regulators this week cracked down on the crypto industry with legal action against Binance, the world's largest cryptocurrency exchange, and cryptocurrency platform Coinbase.
Trading platform Robinhood Markets said the next day that it was delisting three cryptocurrency tokens from its platform that the SEC identified as securities in its lawsuit against Binance.
June 9 (Reuters) - The U.S.
affiliate of Binance said it was halting dollar deposits, while trading platform Robinhood Markets said it was delisting some crypto tokens, after the U.S. securities regulator stepped up its crackdown on the crypto sector.
25, CoinDesk reported on Wednesday. June 28 (Reuters) - Binance's European banking partner Paysafe Payment Solutions Ltd will stop supporting the U.S.
cryptocurrency exchange from Sept.
BlackRock, the world's biggest asset manager, filed last week for the exchange which would allow investors to get stakes in the asset class. The Wall Street Journal reported on Tuesday that EDX Markets, a crypto exchange backed by Citadel Securities, Fidelity and Schwab had started operations.
The SEC sued major U.S. The SEC sued Binance, its CEO and founder Changpeng Zhao, and Binance.US's operator
币安手续费 on Monday, in a dramatic escalation of a crackdown on the industry by U.
r>regulators. exchange Coinbase a day late
r>The decision comes weeks after Binance Australia told customers they would lose access to Australian dollar deposits and withdrawals because payments provider Cuscal cut access.