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Binance to delist privacy tokens in France, Italy, Spain and Poland
• Probe is over whether platform attempted to skirt regulations
• Firm announced it would be withdrawing from Canadian market
Crypto exchange Binance Holdings Ltd. said it has received an order from one of Canada’s securities regulators to investigate whether the platform attempted to find a way around local regulations and compliance controls while seeking approvals in the country.
The Ontario Securities Commission served the world’s largest digital asset exchange with an investigation order on May 10, the platform said in a filing this month with the Capital Markets Tribunal. Two days later, Binance announced it would be withdrawing from the market, citing new regulatory guidance related to stablecoins and investor limits.
Binance Australia Halts Australian Dollar Bank Transfers
Exchange blames third-party payment providers, and says that credit as well as debit cards can still be used.
Binance Australia says that it will no longer be able to facilitate Australian Dollar bank transfers using PayID, the exchange said on Thursday.
In a tweet, Binance Australia blamed its third-party payment service provider and said that it's working to find an alternative.
Australia-based users can still buy and sell crypto using their credit or debit card, and Binance says its P2P marketplace continues to operate as usual. This comes as crypto exchanges continue to find it difficult to maintain fiat on-ramps.
Binance-rival Crypto.com is also facing a banking crisis, with its US dollar deposit functionality at risk following Silvergate Bank's collapse, Metropolitan Commercial Bank's exit from crypto (in a recent filing, the bank said it was almost done exiting the crypto market), and the freezing of previous partner Transactive Systems' Euro accounts, threatening the exchange's liquidity.
Binance Australia Halts Australian Dollar Bank TransfersExchange blames third-party payment providers, and says that credit as well as debit cards can still be used.
Binance Australia says that it will no longer be able to facilitate Australian Dollar bank transfers using PayID, the exchange said on Thursday.
In a tweet, Binance Australia blamed its third-party payment service provider and said that it's working to find an alternative....
KuCoin Plays Lead Role in Funding Round for Yuan Stablecoin Issuer CNHC
Leading exchange KuCoin participated in a $10 million funding exercise for CNHC to support stablecoin adoption.
KuCoin recently led a $10 million funding initiative for offshore Chinese yuan stablecoin issuer CNHC. This investment by the leading crypto exchange’s investment is part of a broader scheme to support stablecoins.
In addition to KuCoin’s investor IDG Capital, the CNHC funding round also saw participation from other leading industry investors, including Circle.
Execs Weigh In on KuCoin-CNHC Development
Commenting on KuCoin’s involvement in the CNHC funding round, the exchange’s chief investment officer and KuCoin Ventures lead, Justin Chou, explained that “KuCoin is always interested in building a stronger infrastructure for the financial system.”
Chou also added that the new CNHC investment marks KuCoin Ventures’ first in a stablecoin-related project. Further speaking on the CNHC development, Chou noted:
Read More: https://www.coinspeaker.com/kucoin-funding-yuan-stablecoin-cnhc/
KuCoin Plays Lead Role in Funding Round for Yuan Stablecoin Issuer CNHC
Leading exchange KuCoin participated in a $10 million funding exercise for CNHC to support stablecoin adoption.
KuCoin recently led a $10 million funding initiative for offshore Chinese yuan stablecoin issuer CNHC. This investment by the leading crypto exchange’s investment is part of a broader scheme to support stablecoins....