spot_img
17.5 C
Barcelona

Binance continues to see significant inflow and outflow

-

Despite last week’s developments, Binance continues to see significant inflow and outflow of funds, as shown in our latest graphic. It’s a testament to the resilience of the crypto market and the trust users place in it.

Binance, the world’s largest crypto exchange, has reached a settlement with the U.S. government, marking a significant shift in cryptocurrency regulation and compliance.

As part of the resolution, Binance and its founder, Changpeng “CZ” Zhao, have admitted to violating U.S. laws around money laundering and terror financing, agreeing to pay a staggering $4.3 billion in fines. This is one of the largest penalties ever obtained from a corporate defendant.

In a surprising turn of events, CZ has also stepped down as CEO. He pleaded guilty to failing to maintain an effective anti-money laundering program. His fine will be credited against the amount he owes the Commodity Futures Trading Commission.

Research Newsletter

Each week the 21Shares Research team will publish our data-driven insights into the crypto asset world through this newsletter. Please direct any comments, questions, and words of feedback to research@21shares.com

Disclaimer

The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.

Inlägget Binance continues to see significant inflow and outflow dök först upp på ETFmarknaden allt om ETF, börshandlade fonder och ETFer.

Share this article

Recent posts

Google search engine

Popular categories

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Recent comments