Binance Reportedly Saw Monthly Illegal Crypto Transactions Worth $90 Billion in Banned China Market

Binance Reportedly Saw Monthly Illegal Crypto Transactions Worth $90 Billion in Banned China Market

Binance users traded $90 billion (roughly Rs. 7,42,800 crore) of cryptocurrency-related assets in a single month in China, where cryptocurrency trading has been illegal since 2021, the Wall Street Journal reported on Tuesday citing internal figures and current and former employees of the exchange. The transactions made China Binance’s biggest…

Coinbase Sues SEC for Response on Months-Old Petition Seeking Clarity on Regulation of Crypto Sector

Coinbase Sues SEC for Response on Months-Old Petition Seeking Clarity on Regulation of Crypto Sector

Coinbase, one of the world’s largest crypto exchanges, has sued the US Securities and Exchange Commission (SEC) to clarify rules surrounding the growth of crypto businesses in the US. The crypto exchange has asked a US court to compel the SEC to provide detailed information to allow crypto companies to…