INSUBCONTINENT EXCLUSIVE:
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.
