Binance has actually made these changes to enhance compliance standards.Binance, one of the world's largest cryptocurrency exchanges, stated on Friday it would limit Hong Kong users from trading derivative products, the current in a series of changes the exchange has made to improve compliance standards.Users will not be able to open new derivatives items accounts with immediate impact, and Hong Kong users will have to close their existing positions from a date to be announced, the declaration stated, including this was in-line with our dedication to compliance Regulators in Hong Kong as well as in Britain, Germany, Japan and Italy have been ratcheted up pressure on Binance in current month, worried about customer defense and the requirement of anti-money laundering checks at crypto exchanges generally.Last month, the exchange's CEO, Zhao Changpeng, stated he wished to improve relations with regulators and that Binance would seek to develop local headquarters, braking with its decentralised structure.Binance likewise stated last month it would wind down its futures and derivatives company in Germany, Italy and the Netherlands.
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