Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. Read more about Cathie Wood’s latest Coinbase stock purchase:Ĭathie Wood’s Ark Buys Another $20M Worth of Coinbase Stock Read more about Binance’s intention to exchange $1B for crypto assets:īinance to Dump $1B BUSD for BTC, ETH, BNB… Here’s Why would be a huge blow to the exchange itself and the crypto industry in the U.K.
Suspending GBP deposits and withdrawals for all users in the U.K. regulators and has no intentions to drive out crypto companies from the country.īinance is the largest crypto exchange in the world. government doesn’t follow the path of U.S. given its size and dominance in the market. Binance can find another partner in the U.K.Both Paxos and Binance have disagreed with this argument. Securities and Exchange Commission (SEC) ordered Paxos to stop issuing the Binance-branded stablecoin on the grounds that it believes it’s an unregistered security. The abrupt shutdown of Binance’s BUSD stablecoin can also be seen as an anti-crypto message. regulators in part to send “an anti-crypto message” to the industry. Former congressman and co-sponsor of the Dodd-Frank bill Barney Frank said that Signature Bank was closed by U.S. However, some people believe one of the reasons for closing Signature Bank was its friendliness with crypto firms.
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