The SEC's enforcement action against Binance, Binance.US, and CZ Zhao may be taking a crucial turn as the SEC files a motion to file documents under seal. This comes after Binance.US sought a protective order, claiming that the SEC exceeded the agreed-upon consent order.

Binance, the world's largest cryptocurrency exchange, has established a Polish entity to cater to clients in Belgium after the country's regulator ordered Binance to stop offering virtual currency services. The new entity will enable Binance to comply with its regulatory obligations and continue providing services to Belgian users.

U.S. Securities and Exchange Commission (SEC) has filed a sealed motion with the District Court of Columbia, requesting permission to submit certain sealed documents. Although the specific contents of the documents have not been disclosed, this may indicate that the SEC is preparing to further reveal its charges and evidence against Binance.

According to Lookonchain monitoring, the Chiliz multi-signature wallet deposited 25 million CHZ (1.53 million USD) into Binance 17 hours ago. Wintermute Trading also deposited 28 million CHZ (1.71 million USD) into Binance 10 hours ago.

Binance is reevaluating its business in Russia, including the possibility of completely exiting this once important market. A spokesperson told The Wall Street Journal, "All options are on the table, including a complete exit." Last week, The Wall Street Journal reported that Binance was helping Russians transfer funds abroad - despite the company stating last year that it had stopped doing business in Russia, was complying with Western sanctions demands, and restricting its trading on Russian platforms. Binance later took action to restrict peer-to-peer transactions involving sanctioned Russian banks.

Following an order from the Belgian Financial Services and Markets Authority (FSMA), Binance has announced that its Polish entity will offer services to Belgian residents. Binance Poland sp. z o.o., which was registered with Polish regulatory authorities in January, will comply with regulatory obligations for Belgian residents seeking services on the exchange. Some users may need to submit documentation in accordance with Know Your Customer requirements for Poland rather than Belgium. This announcement comes after Belgium's financial regulator ordered Binance to stop offering crypto exchange and custody wallet services due to violations of the country's Anti-Money Laundering and Combating the Financing of Terrorism requirements. <br>

Odaily Planet Daily News Binance announced that starting from August 30, 2023 at 17:00 (UTC+8), the Unified Account Plan will be open to VIP 1-9 users. This plan helps users enjoy more flexibility in their trading strategies, allowing them to use a variety of supported assets as collateral in U-based contracts, coin-based contracts, and full-position leverage wallets. Previously, this project was only available to VIP 4-9 users and users who met the VIP 4-9 trading volume requirements in U-based and coin-based contracts.

Binance's cryptocurrency custodian and partner Ceffu (formerly Binance Custody) have launched an off-exchange settlement solution called MirrorX. Institutional investors can use this solution to trade spot, margin, and contract without transferring assets to Binance.Digital assets used with MirrorX are always independently held by Ceffu and automatically settled off-chain, helping institutions maximize capital efficiency and reduce counterparty risk.

According to an official announcement, Binance will support the BNB smart chain (BEP20) network upgrade and hard fork.

Russian media revealed in their investigation into potential violations of sanctions in the United States that Binance has replaced the names of bank cards issued by Russian banks with "colors". These changes involve the ruble exchange function on Binance's peer-to-peer platform. Russian traders on Binance offer "green" and "yellow" cards as payment options, and Binance has changed the names of the bank cards from two Russian banks, Sberbank and Tinkoff, on its platform. This change was made on Binance's P2P platform, and Russian users can now choose between "green local card" (according to these websites, Sberbank's card) and "yellow local card" (for Tinkoff card) in the payment options menu.