![]() UK investors can still access Binance via its main website, which the FCA does not have powers over. "At the moment the method is to emphasise risks to investors in the UK of these services rather than to regulate them outright," said Barney Reynolds, a lawyer at Shearman & Sterling. The Binance spokesperson said it takes its compliance obligations very seriously and is committed to following all regulatory requirements wherever it operates.īeyond a loud warning to investors, the FCA has done all it can under its limited powers over an offshore exchange, experts say. "(The FCA) don't have jurisdiction over the whole of Binance's operations, so they use the point where they do have jurisdiction and put pressure on the business there." "It's very difficult," said Simon Treacy, senior lawyer at Linklaters. Yet national regulators often struggle to rein in crypto exchanges based elsewhere, lawyers said. Justice Department and Internal Revenue Service. In May, Bloomberg reported Binance is under investigation by the U.S. Over the last month, trades worth $176 million were settled on the chain, representing an impressive 149% growth, as per CryptoSlam.Japan's regulator said last week Binance was operating in the country illegally, while Germany's watchdog said in April it risked being fined for offering tokens connected to stocks. The craze for NFTs has catapulted Bitcoin to become the second-largest blockchain for facilitating NFT transactions, eclipsing biggies like Solana and Polygon and trailing only Ethereum. ![]() ![]() The year 2022 also saw the creation and listing of over 2.5 million NFTs.Īre your BTC holdings flashing green? Check the Profit Calculator Over 370,000 new traders joined the platform, increasing the number of active traders by over 2.5 times and trading volume by 3.5 times from the previous year. Launched in June 2021, Binance NFT marketplace added over 600,000 weekly users over the course of 2022, according to Binance NFT 2022 Year in Review report. Users who trade at least one NFT on the platform during the promotional period, which extends up to 19 June, stand a chance to share a total of 80 Bitcoin NFTs as per the rewards structure. In order to boost Bitcoin NFT trading activity on its marketplace, Binance came up with a rewards program. ![]() With the addition of Bitcoin, Binance further elevated its stature as a multi-chain NFT marketplace, which currently supports NFTs from blockchains like Ethereum, BNB Chain and the recently added Polygon. Binance stated that it intends to add support for more collections in the days to come. You can now buy, deposit, withdraw and list NFTs from the #BTC network directly from your #Binance account □įind out more ➡️ /ZwYGaT2aUSīinance is the latest entrant to step into the world of Bitcoin NFTs after leading player Magic Eden launched a secondary marketplace for Ordinals in March.Īccording to the blog post, iconic NFTs like Bitcoin Punks and Bitcoin Frogs, which were extensively traded last month, were among the collections available on the Binance NFT marketplace. The #Bitcoin Network is now supported on Marketplace!
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |