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BGC Group Secures Backing from Global Banks for New $600M Trading Platform
- Bank of America, Barclays, Citadel Securities, and Citi are among the minority stakeholders in FMX.
- The new platform merges US cash Treasuries, spot foreign exchange platforms, and US interest rate futures exchange.
by
Jared Kirui
US Prosecutors Recommend 3-Year Prison Sentence for Binance's Changpeng Zhao: Report
- The prosecutors argue that Zhao failed to implement anti-money laundering measures on Binance as the law requires.
- Other allegations involve mishandling customers' assets and operating an unregistered exchange in the US.
by
Jared Kirui
Binance Faces Fresh Regulatory Storm: Philippines Orders Google and Apple to Remove Apps
- The country's regulator has accused Binance of marketing its services to Filipino investors without approval.
- This action adds to Binance's growing legal challenges, including hefty fines in the US.
by
Jared Kirui
Binance under Fire: Ontario Court Certifies Class Action over Crypto Derivatives
- Investors who bought crypto derivative contracts from Binance since September 13, 2019, are included in the lawsuit.
- The court is accusing the exchange of violating the law by offering crypto derivatives without proper registration.
by
Jared Kirui
Thailand Cracks Down on Unregistered Crypto Services to Tackle Cyber Crime
- The country has asked users of unregistered digital asset platforms to withdraw their funds.
- This action followed similar measures taken by India and the Philippines against unregistered crypto service providers.
by
Jared Kirui
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