Binance has earlier faced challenges in Singapore, where several crypto exchanges have received central bank approval to offer payment services

Investors have been cashing in their Binance USD tokens since the US Securities and Exchange Commission said it was considering taking action against the platform

Binance founder Changpeng Zhao – or CZ – is said to have lost $87bn of his personal wealth in around...

Binance founder Changpeng Zhao – or CZ – is said to have lost $87bn of his personal wealth in around 130 days

Binance had invested $3 million in TerraUSD's sister cryptocurrency, Luna, four years ago. Its value plunged from $1.6 billion before last week's crash to less than $3,000 today. 

Elon Musk has raised $7bn in new funding for his attempted $44bn buyout of the social media platform

Binance, the world's biggest crypto exchange, gained a licence to operate in Dubai, bolstering the UAE's aim of becoming a crypto hub. 

Russia is facing a barrage of sanctions following its invasion of Ukraine. Governments are concerned it may use cryptocurrencies to evade them

Many of the world's largest crypto exchanges – including Binance, Kraken and Coinbase – have refused to ban Russian clients raising fears of a sanctions backdoor

The Financial Conduct Authority sought to ban Binance entirely in June of 2021, but now says it lacks to authority to enforce the ban.

Gulf Energy chief financial officer Yupapin Wangviwat says the joint venture may take about six months to obtain a licence for trading

Binance has received in-principle approval from the Central Bank of Bahrain to become a crypto-asset service provider in the kingdom, the company said on Monday.