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JinseFinanceNew regulations in the United States threaten the very essence of Bitcoin and challenge the autonomy and innovation of the cryptocurrency industry.
JinseFinanceCryptocurrencies are not only here to stay, they are the future of money. The industry has turned a new leaf; compliance growth has arrived. Cryptocurrencies have grown in value by 90% this year, with trading volume rising by 60% in the fourth quarter.
JinseFinanceJinseFinanceSince 2017, Binance has been striving to obtain a phased 'partially legal' status in certain global regions through diplomacy, acquisitions, joint investments, philanthropic funding, and other means.
CaptainXBinance and CEO Zhao Changpeng admit intentional violations, facilitating billions in unregulated crypto transactions. Zhao resigns as CEO, faces potential 18-month sentence. Legal battles continue over sentencing and extradition. Binance.US claims independence from Zhao's governance.
CaptainXBinance faces $34 billion in fines from FinCEN and $9.68 billion from OFAC for not reporting over 100,000 suspicious transactions involving terrorism, ransomware, child exploitation, and other illegal activities. Future penalties and strict regulations may impact Binance for the next five years.
CaptainXJinseFinanceIn addition to suspending user withdrawals, Celsius also moved more than $250 million in funds from Aave to the FTX exchange for reasons that have yet to be clarified.
CointelegraphTech lawyer Preston Byrne slammed the signatories, saying some of them were "literal attention seekers".
Cointelegraph