Binance battles regulatory headwinds as world’s largest cryptocurrency exchange seeks financial legitimacy

//Binance battles regulatory headwinds as world’s largest cryptocurrency exchange seeks financial legitimacy

Binance battles regulatory headwinds as world’s largest cryptocurrency exchange seeks financial legitimacy

Binance, the world’s largest cryptocurrency exchange, is making a pivot to a licensed financial institution by rebuilding itself into a centralised business, as it navigates through a myriad of regulatory red flags that threatens to set back its past four years’ of growth.The exchange, which has been hit by multiple regulatory warnings this year including those in the UK, Hong Kong, Japan, Singapore, has started to initiate dialogues with regulators as it looks to win their approvals and…

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By | 2021-09-16T01:30:09+00:00 September 16th, 2021|Technology|Comments Off on Binance battles regulatory headwinds as world’s largest cryptocurrency exchange seeks financial legitimacy