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 ... New York State’s financial regulator has ordered Bittrex to cease operating in the state after rejecting its application for a Bitlicense. Multiple deficiencies were cited, some of which Bittrex ... 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 ... 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’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. 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.
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