A Nigerian court's ruling today (Friday) has paved the way for Binance executive Tigran Gambaryan to stand trial on behalf of the cryptocurrency exchange in an ongoing tax evasion case. Alongside Gambaryan, a US citizen and Head of Financial Crimes Compliance, British-Kenyan national Nadeem Anjarwalla, a Regional Manager for Africa, also faces four...

The Financial Crimes Compliance department of Binance has partnered with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office to address a money laundering case involving 200 million New Taiwan dollars ($6.2 million) in digital asset fraud.Gathering Evidence in Crypto Fraud CaseAn official statement revealed...

BitConnect’s national promoter in Australia, John Bigatton, pled guilty to his role in promoting the scam after three and a half years of his indictment. He promoted the fraudulent cryptocurrency scheme on social media, hosted seminars across the country, and had face-to-face meetings with victims, persuading them to invest in the scheme.Bigatton pled...

The virtual asset management provider HashKey Capital Limited has secured both Type 4 and upgraded Type 9 licenses from the Securities and Futures Commission (SFC), becoming the first licensed corporation to offer a complete suite of securities and virtual asset management and advisory services to retail investors in Hong Kong.Representatives of...

Chicago Mercantile Exchange (CME), known for operating one of the largest US-based futures exchanges, is planning to offer spot Bitcoin trading to its clients, according to a report by the Financial Times.CME Expansion in Crypto MarketsAlthough not officially confirmed or commented on by the exchange, the plans to offer Bitcoin trading came when demand...

The cryptocurrency exchange Bybit has experienced significant growth over the past year and, after five years of operation, has surpassed 20 million users. However, its expansion is not as dynamic in some regions due to local regulatory challenges.One such example is France, where the local financial commission, AMF, blacklisted Bybit two years...