New York Orders Bittrex to Cease Operations ... - Bitcoin News

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Binance CEO Denies 'Tai Chi' Bitcoin Regulation Evasion Scheme A leaked document purportedly from Binance senior executives outlines a plan to use a US subsidiary to evade regulators. By Jeff Benson. 4 min read. Oct 29, 2020 Oct 30, 2020. Binance is one of the largest cryptocurrency exchanges in the world (Image: Shutterstock) In brief. Forbes has reported that Binance had a secret plan to ... Crypto trading giant Binance created a corporate plan for profiting from the U.S. market while avoiding regulatory scrutiny, Forbes reported, citing a leaked document. New York State’s financial regulator has ordered Bittrex to cease operating in the state after rejecting its application for a Bitlicense. Multiple deficiencies were cited, some of which Bittrex ... The New York State Department of Financial Services has created a Greenlist of pre-approved cryptocurrencies for custody service and listing. Meanwhile, crypto-friendly SEC Commissioner Hester ... Binance’s USD-backed stablecoin, BUSD, has received approval from the notoriously-stringent New York regulatory body, the New York State Department of Financial Services (NYDFS). The USD-backed stable coin is directly tied to the United States Dollar on a 1:1 basis and provides users with the chance to digitize their money. Cannot operate within a New York zip code. Regulation appears to be coming to the world of cryptocurrency, as online exchanges in China and South Korea have recently been shut down as government ...

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Binance CEO Denies 'Tai Chi' Bitcoin Regulation Evasion ...

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