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US Department of Justice Increases Efforts To Crack Down on Crypto Crimes and Targets Binance in Wider Industry Crackdown

The US Department of Justice's national cryptocurrency enforcement team (NCET) is planning to step up its efforts to combat criminal activity in the crypto market. The NCET will be targeting crypto exchanges, mixers, and DeFi platforms that facilitate or commit crimes such as money laundering. The director of the cryptocurrency enforcement team, Eun Young Choi, hopes to send a strong message to crypto entities that fail to comply with anti-money laundering or client identification regulations and neglect to implement adequate compliance, cybersecurity, and risk management measures.

Binance ceases operations in Canada due to tightened crypto rules

Binance, the world's largest cryptocurrency exchange, has announced that it will cease operations in Canada due to tightened crypto rules. The company had hoped to protect its Canadian users but has now concluded that it is no longer tenable to operate in the country due to new guidance related to stablecoins and investor limits. Binance's exit from Canada comes after the Canadian Securities Administrators regulatory body said in February that crypto firms planning to operate in Canada must register their compliance with a new set of regulatory guidelines. In the US, Binance and its founder Changpeng Zhao are facing a lawsuit from the Commodity Futures Trading Commission (CFTC) for allegedly offering unregistered cryptocurrency derivatives.

Breaking: Binance CEO CZ Unflollowed Elon Musk on Twitter

According to Twitter data, Binance CEO Changpeng Zhao(@cz_binance) has unfollowed Elon Musk(@elonmusk) on Twitter.

Binance Shuts Down Services in Canada Amid Regulatory Challenges

Binance has announced its withdrawal from the Canadian market due to ongoing regulatory issues. The cryptocurrency exchange will begin terminating its services to Canadian users, citing new government guidelines provided to exchanges as the reason. The Canadian Securities Administrators (CSA) issued guidelines in February that target offshore companies like Binance that service Canadian clients, including a ban on margin or other forms of leverage and selling stablecoins without the regulator's permission. Binance hopes to engage in a dialogue with Canadian regulators going forward and return to the market when Canadian users have the freedom to access a broader suite of digital assets.

Binance.US Considers Reducing Changpeng Zhao's Stake Amid US Regulatory Crackdown

Binance.US and its founder Changpeng Zhao are reportedly considering reducing his stake in the company in response to increased regulatory scrutiny from US federal authorities. Currently, Zhao is the majority stakeholder in Binance.US, but executives are concerned that his involvement in a lawsuit brought by the US Commodities and Futures Trading Commission (CFTC) could prevent the company from acquiring certain regulatory licenses. Binance has responded to the CFTC's allegations by stating that it has implemented a robust compliance program, but the regulator is seeking a permanent ban on trading and registration for the exchange.

US SEC Prepares Enforcement Action Against Binance and Coinbase

The US Securities and Exchange Commission is reportedly taking enforcement action against Binance or Binance.US, the world's largest crypto exchange. Binance has faced enforcement action from the US CFTC and ongoing probes by the DOJ for violating sanctions against Russia. The SEC has sent a Wells notice to Coinbase, but Coinbase has stated that this will have no impact as it doesn't list securities. Binance has paused Bitcoin withdrawals due to congestion on the Bitcoin blockchain. Both Binance and Coinbase are under scrutiny from the US SEC.

ATPBot Announces Connection to Binance API for Cryptocurrency Trading

ATPBot, the first quantitative trading bot, has recently announced its ability to connect to Binance API for trading. This new feature offers users more opportunities to trade cryptocurrencies with a reliable and mature trading bot. ATPBot combines AI technology with quantitative trading, providing personalized trading strategy recommendations based on quantitative artificial intelligence analysis. By registering with ATPBot, users can access one-on-one service for quick solutions to their issues, and also join a professional Discord community to interact with quantitative trading enthusiasts from around the world and gain inspiration.

Will Binance Exit U.S. Next After Canada?

Binance, the world's largest cryptocurrency exchange, has announced its exit from the Canadian market due to new guidelines relating to stablecoins and investor limits. The move comes as Binance faces regulatory scrutiny in the US, with CEO Changpeng Zhao currently facing legal challenges for non-compliance with guidelines.

Binance Trading Volumes and Liquidity Decline, Resulting in Increased Bitcoin Volatility

Binance's trading volumes and liquidity have been decreasing in the first quarter of 2023. This is due to the end of their zero-fee promotion and the recent spate of U.S. banking failures. As a result, Bitcoin's liquidity on Binance has decreased significantly, leading to increased volatility.

Developers Debate How to Tame Surge in BRC-20 Tokens Minted via Ordinals Protocol on Bitcoin Network

The creation of a large number of BRC-20 tokens through the Ordinals protocol has caused congestion on the Bitcoin network and led to high transaction fees. This has sparked a debate among blockchain developers about how to control the on-chain activity.