from available payment options on its peer-to-peer platform and adding fiat currency restrictions for Russia-based users.
A global exchange without a brick-and-mortar headquarters, Binance operates in many countries but has received pushback from authorities in regard to its activities in Russia. In the United States, Binance, Binance.US and Binance CEO Changpeng Zhao face a lawsuit filed in June by the Securities and Exchange Commission. The Justice Department was also reportedly
for potential violations of U.S. sanctions that went into effect shortly after the Russian invasion of Ukraine.
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Mastercard and Binance Ending Crypto Card Partnership; Bearish Outlook Engulfs Crypto MarketVanderbilt Law School associate dean and professor Yesha Yadav discusses the significance of payment giants Visa and Mastercard paring back their ties with Binance. Hashdex CIO Samir Kerbage weighs in on the key trends and developments in the crypto asset market as bitcoin (BTC) briefly slumps below $26,000. And, Taxbit head of government relations Miles Fuller reacts to the IRS finally proposing rules for crypto tax reporting.
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