FIU imposes ₹18.82 crore fine on Binance
Virtual digital asset service providers like crypto exchanges must register with the FIU as a reporting entity and comply with its anti-money laundering rules.
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‘I will do my time’: Binance founder after getting 4-month jail in US
Changpeng Zhao pleaded guilty to breaking money laundering rules; prosecutors say Binance caused violations above $898 mn
Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp among 9 offshore crypto cos banned by FinMin
FIU IND has written to the Ministry of Electronics and Information Technology to block URLs of the nine crypto entities operating illegally.
Binance CEO Changpeng Zhao ousted for U.S. crimes; Richard Teng to replace
Binance has been fined a whopping $4.2 billion in order to continue operations in the U.S.
Binance allegations 'false & misleading': WazirX
The company's statement comes days after the Binance gave an ultimatum to Zanmai Labs to stop using Binance Wallets by February 3.
Crypto firm Voyager Digital to sell assets worth $1.02 bn to Binance.US
Binance.US, also known as BAM Trading Services Inc, emerged as the highest bidder in a bid by Voyager Digital to sell its assets.
Crypto firm FTX owes over $3.1 bn to 50 largest creditors
The crypto firm, which until last month was a shining star among crypto investors and enthusiasts, collapsed dramatically, wiping off billions of dollars of customer deposits overnight.
FTX crash: The rise and fall of crypto king
The development comes as the crypto exchange is undergoing investigation for financial discrepancies with millions of customers’ funds missing from the crypto exchange.
FTX ‘liquidity crunch’ shocks crypto world; Binance comes to rescue
Crises emerged after reports about shaky financial health of Sam Bankman-Fried’s FTX and its sister firm Alameda Research gained ground and led to a huge selloff, causing a liquidity crunch.
WazirX lays off 40% staff to weather crypto winter
The laid-off employees are from customer support, human resource, public policy and communications, analysis, team heads and managers.
