Crypto trading giant Binance created a corporate plan for profiting from the U.S. market while avoiding regulatory scrutiny, Forbes reported, citing a leaked document. The New York State Department of Financial Services has created a Greenlist of pre-approved cryptocurrencies for custody service and listing. Meanwhile, crypto-friendly SEC Commissioner Hester Peirce, also known as Crypto Mom, has been confirmed for another term at the commission. NY Regulator’s Cryptocurrency Greenlist. The New York State Department of financial services (DFS), the ... The new policies will take a stab at simplifying the process of acquiring the state’s BitLicense which was launched in 2015. This is a mandatory license that every crypto business must be granted before initiating operations in New York. Over the 5 years of the BitLicense’s existence, only 25 organizations have managed to procure it. The ... Cannot operate within a New York zip code. Regulation appears to be coming to the world of cryptocurrency, as online exchanges in China and South Korea have recently been shut down as government ... Binance CEO Denies 'Tai Chi' Bitcoin Regulation Evasion Scheme A leaked document purportedly from Binance senior executives outlines a plan to use a US subsidiary to evade regulators. By Jeff Benson. 4 min read. Oct 29, 2020 Oct 30, 2020. Binance is one of the largest cryptocurrency exchanges in the world (Image: Shutterstock) In brief. Forbes has reported that Binance had a secret plan to ... Binance’s USD-backed stablecoin, BUSD, has received approval from the notoriously-stringent New York regulatory body, the New York State Department of Financial Services (NYDFS). The USD-backed stable coin is directly tied to the United States Dollar on a 1:1 basis and provides users with the chance to digitize their money. The New York State Department of Financial Services has created a Greenlist of pre-approved cryptocurrencies for custody service and listing. Meanwhile, crypto-friendly SEC Commissioner Hester ... Bitcoin Regulation Binance and Kraken May Be Operating Illegally in NY State. Georgi Georgiev Sep 20, 2018 05:00 . Share. Tweet. Send. Share. According to the Attorney General of New York, three crypto exchanges namely, Binance, Kraken, and Gate.io, may be in violation of digital currency regulations in the state. Binance, Kraken, Gate.io Under the Gun. A new report by the Virtual Markets ... New York Among 13 States Excluded as Binance.US Opens for Registrations The U.S. arm of cryptocurrency exchange Binance is opening for registration and deposits on Wednesday.
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