News Snapshot:
WhatsApp This weekend saw a cluster of enforcement actions or related impacts against Binance, the world’s largest cryptocurrency retail exchange. They may be a preview of bigger trouble for Binance and other exchanges that have spent years testing the boundaries of financial regulation worldwide. The first drumbeat came on Friday, when Japan’s Financial Services Authority warned Binance it was providing financial services to Japanese citizens without proper registration . On Saturday, the U.K.’s Financial Conduct Authority issued a similar warning against Binance Markets Ltd. , an entity through which Binance has tried to offer regulated U.K. services. Then on Sunday,...
