USD

AED

AFN

ALL

AMD

ANG

AOA

ARS

AUD

AWG

AZN

BAM

BBD

BDT

BGN

BHD

BIF

BMD

BND

BOB

BRL

BTN

BWP

BYN

BZD

CAD

CDF

CHF

CLF

CLP

CNH

CNY

COP

CRC

CUC

CUP

CVE

CZK

DJF

DKK

DOP

DZD

EGP

ERN

ETB

EUR

FJD

FKP

GBP

GEL

GHS

GIP

GMD

GNF

GTQ

GYD

HKD

HNL

HRK

HTG

HUF

IDR

ILS

IMP

INR

ISK

JMD

JOD

JPY

KES

KGS

KHR

KMF

KPW

KRW

KWD

KYD

KZT

LAK

LBP

LKR

LRD

LSL

LYD

MAD

MDL

MGA

MKD

MMK

MNT

MOP

MRO

MRU

MUR

MRU

MUR

MVR

MWK

MVR

MWK

MXN

MYR

MXN

MYR

MZN

NAD

MZN

NAD

NGN

NIO

NGN

NIO

NOK

NPR

NOK

NPR

NZD

OMR

NZD

OMR

PAB

PEN

PAB

PEN

PGK

PHP

PGK

PHP

PKR

PLN

PKR

PLN

PYG

QAR

PYG

QAR

RON

RSD

RON

RSD

RUB

RWF

RUB

RWF

SAR

SBD

SAR

SBD

SCR

SDG

SCR

SDG

SEK

SGD

SEK

SGD

SHP

SLL

SHP

SLL

SRD

SSP

SRD

SSP

STD

STN

STD

STN

SVC

SYP

SVC

SYP

SZL

THB

SZL

THB

TJS

TMT

TJS

TMT

TND

TOP

TND

TOP

TRY

TTD

TRY

TTD

TWD

TZS

TWD

TZS

UAH

UGX

UAH

UGX

UYU

UZS

UYU

UZS

VES

VND

VES

VND

VUV

WST

VUV

WST

ZAR

ZMW

ZAR

ZMW

ZWL

Cryptopolitan 2021-09-04 20:31:37

Binance exchange fires back at South Africa regulator

TL;DR Breakdown Binance exchange says it operates legally in South Africa.Exchange denies all allegations leveled on it by FSCA.South Africa becoming crypto friendly slowly. After allegations on Friday by South Africa’s Financial Sector Conduct Authority (FSCA) that Binance exchange operates illegally in the country, the exchange has fired back at the regulator. Binance exchange responded to these allegations in a statement noting that the FSCA has no authority to query its status in the country. The exchange stated in its rebuttal that South Africa’s Financial Intelligence Centre (FIC) was the “major regulator” in the country and not the FSCA that queried them. Binance exchange stated that it has been working closely with the FIC to remain compliant with South African laws. The exchange also said that it has not been offering financial advice or intermediary services to South Africans. Binance exchange rebuff more damning allegations After stating that the FSCA should not question its legal status and that it does not offer financial advice to South Africans as alleged, the exchange said there are no Telegram groups in the country where locals access its services. Binance exchange said it promoted Blockchain education but did not provide financial service or advice to locals. However, the exchange noted that it had gotten in touch with the FSCA to clarify its warning and address any possible concerns. “Binance.com is registe...

Related News

Market Optimism Wavers on Ethereum and XRP; Can In...
17 Apr 2024
How High Can $MEDA Go Amid Meme Coin Hype? Being a...
17 Apr 2024
How $11.1 Million Vanished from PrismaFi: Zach XBT...
17 Apr 2024
The Future of Crypto Startups: AZUR and Anguilla T...
17 Apr 2024
CLS Global Launches Edu3Labs, A Decentralized Educ...
17 Apr 2024
Crypto Market Forecast: Analyst’s Top Sector Picks...
17 Apr 2024

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

Binance exchange fires back at South Africa regulator

Most Read News

Related News