Binance
Binance’s Return to India After Ban Comes With $86 Million Tax Demand
Crypto exchange Binance has made a comeback in India after a previous ban, but its re-entry is accompanied by an $86 million tax liability under the Goods and Services Tax (GST), according to reports from CoinTelegraph. The exchange’s return to the Indian market, launched on India’s 78th Independence Day, marks a significant milestone in the […]
Binance CEO Changpeng Zhao sentenced to 4 years in Prison
Binance CEO Changpeng Zhao sentenced to 4 years in Prison Changpeng Zhao, the visionary behind Binance, the world’s leading cryptocurrency exchange, faced a legal ordeal resulting in a four-month prison sentence handed down by U.S. District Judge Richard Jones in Seattle. The verdict stemmed from Zhao’s oversight in implementing robust anti-money laundering protocols on the […]
Binance Exec escapes detention as Nigeria Charges Binance for Tax Evasion
According to local media reports over the weekend, one of the two senior Binance executives who were in government custody has managed to escape. The incident occurred amidst escalating tensions between Binance, the world’s largest cryptocurrency exchange, and Nigerian authorities, who have charged the exchange with tax evasion. Reports from local media outlets on Monday […]
Nigerian Gov’t fines Binance $10B?
Nigerian government fines Binance $10B over accusation of influencing exchange rate The Nigerian government has imposed a $10 billion fine on Binance, a cryptocurrency trading platform, over allegations of influencing the country’s forex crisis. The government claims that Binance engaged in illegal transactions that led to significant profits for the platform while causing substantial losses […]
Trust wallet launches Browser Extension and Integrates with Binance
Trust wallet is a US founded self-custody crypto wallet that has been around since Nov 2017 and was acquired by Binance in 2018. With the current pandemonium in the crypto space due to the recent collapse of one of the biggest crypto exchanges known as FTX, traditional banks and financial institutions are beginning to draw […]
How to Trade Cryptocurrency Using P2P Exchange
The P2P system is a transactional system that involves only two parties and they alone know about the transaction. For this reason, the transaction will only happen when the two parties have agreed
Crypto: You can now make deposits in Naira on Binance
The biggest crypto exchange in the world Binance has announced that it now allows Naira deposits on the platform.