Commodity Futures Trading Commission for operating what the regulator alleged was an "illegal" exchange and a "sham" compliance program. Il prezzo live di Binance USD è 1.001342 per (BUSD / USD) oggi con una capitalizzazione di mercato di 5.97B USD. In March, Binance and its CEO Zhao were sued by the U.S.
The digital assets industry has been in the crosshairs of regulators around the world, especially since the collapse of Binance-rival FTX in November, which triggered a market rout in the prices of the biggest digital coins.įollowing the onset of the crypto winter of 2022, which wiped out more than a trillion dollars from the industry's market value, lawmakers and securities regulators demanded tighter guidelines for disclosures on how the crypto companies operate and hold customer funds. 13, 2023, 20:35 UTC): Paxos will cease issuing Binance USD at the direction of the New York Department of Financial Services, not the Securities and Exchange Commission. "We are confident that we will someday return to the market when Canadian users once again have the freedom to access a broader suite of digital assets," said the crypto exchange, founded by Canadian national Changpeng Zhao. The best example of its support for the sector came during the FTX fallout. To see the latest exchange rate, Binance Coin historical prices, and a comprehensive overview of technical market indicators, head over to the Binance Coin page. In the past Binance exchange has always cooperated constructively with regulators. "Unfortunately, (the) new guidance related to stablecoins and investor limits provided to crypto exchanges makes the Canada market no longer tenable for Binance at this time," crypto exchange Binance said in a tweet.īinance said it does not agree with the latest guidance and hopes to engage with the Canadian regulators to create a comprehensive framework for crypto operations in the country. The current Binance Coin price in USD is 305.25 USD.The price is calculated based on rates on 100 exchanges and is continuously updated every few seconds. The companies that do not adhere to the rules will face potential enforcement action, according to the website of the Ontario Securities Commission. Trusted by over 120 million users worldwide, Binance allows you to securely.
#Binance usd series#
Binance USD or BUSD is a 1:1 USD-backed stablecoin approved by the New York State Department of Financial Services (NYDFS) and issued in partnership with Paxos.May 12 (Reuters) - Binance said on Friday it was withdrawing from Canada, weeks after the country issued a series of new guidelines for cryptocurrency exchanges including investor limits and mandatory registrations.Ĭanada has tightened regulations for crypto asset trading platforms in recent months, with the introduction of a pre-registration process. Access the worlds leading blockchain ecosystem on the go, anytime, anywhere.
#Binance usd software#
USDC products affected include saving accounts, DeFi staking subscriptions and crypto loans, which will be closed and liquidated on September 23.īinance is seeing a surge in clients due to rising inflation and a historically strong dollar that has depressed emerging market currencies, an executive told Reuters last month.īNB Chain is a community-driven blockchain software system. Binance's stablecoin, BUSD, is valued at about $19.4 billion, according to crypto data provider CoinGecko.
USDC, which is principally operated by Circle Internet Financial and is the second largest stablecoin, has a nearly $51.9 billion market capitalization.
With effect from Septemthe exchange said that users will trade with a consolidated BUSD balance on the Binance Platform that reflects their balances of these four stablecoins (BUSD, USDC, USDP and TUSD) post conversion, adding that this will not affect users' choice of withdrawal: users will continue to be able to withdraw funds in USDC, USDP and TUSD at a 1:1 ratio to their BUSD denominated account balance.
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