Binance
Summary Recent circular in Nigeria did not mention indigenous crypto exchanges, likely because companies like Flincap have already been pursuing required licenses for OTC crypto exchanges.…
Summary TLDR: Binance failed to implement a strong AML program, allowing illicit actors to use the exchange for various illegal activities such as hiding the source…
Summary TLDR: Binance’s head of financial crime compliance and a colleague were arrested in Nigeria after flying to Abuja to meet with the Nigerian government. Key…
Summary Nadeem Anjarwalla, who escaped Nigerian custody in March, may be extradited back to the country soon, according to government sources. Key Points 1. Nadeem Anjarwalla…
Summary Binance’s local unit, Binance FZE, obtained an Operational MVP license in mid-2023, allowing it to serve institutional investors and qualified investors with broker-dealer services and…
Summary TLDR: Binance took over two years to realize they can’t negotiate special treatment and expose the country’s financial system to vulnerabilities. Key Points 1. Binance…
Summary Binance.US experienced a drop in trading volumes after SEC’s case and transition to a crypto-only exchange, but saw a strong rebound in volume, revenue, and…
Summary TLDR: CoinDesk is a cryptocurrency media outlet acquired by the Bullish group in November 2023. It operates independently with editorial policies in place to maintain…
Summary TLDR: Binance’s financial crime compliance head and another executive were detained in Nigeria in February for allegedly helping process illegal funds and manipulating the exchange…
Summary TLDR: The Federal Inland Revenue Service could not serve charges to Binance’s Head of Financial Crime Compliance while he was in custody, leading to an…