Senator Chris Murphy alleged corruption over the exchange "promoting Trump crypto" shortly after the US president issued a pardon for Binance founder Changpeng Zhao. Update (Oct. 30 at 7:30 pm UTC): This article has been updated to include an X post from Binance.US. Connecticut Senator Chris Murphy is calling out Binance.US, alleging the cryptocurrency exchange played a role in US President Donald Trump’s pardon of former Binance CEO Changpeng “CZ” Zhao. In a Tuesday X post, Murphy responded to a social media post by Binance.US announcing the launch of trading for USD1, the stablecoin tied to the Trump family crypto company World Liberty Financial. According to the senator, the exchange was “promoting Trump crypto” just a week after the president “pardoned Binance’s owner,” referring to Zhao. Read more
CZ’s pardon by Trump followed a lobbying push that included $450,000 to Trump-linked lobbyists and $290,000 to former SEC chair contender Teresa Goody Guillén. Former Binance CEO Changpeng “CZ” Zhao’s pardon by US President Donald Trump came after an extensive and expensive lobbying campaign in Washington. Zhao, who served a four-month prison sentence last year for violating US Anti-Money Laundering (AML) laws, benefited from a months-long effort by Binance and its legal team to win over key figures in Trump’s orbit, according to a Sunday report by Politico. In late September, Binance hired Ches McDowell, a close associate of Donald Trump Jr., and his North Carolina-based firm Checkmate Government Relations to lobby the White House and Treasury Department on “executive relief,” the report claimed. Read more
US President Donald Trump said Binance founder Changpeng Zhao had "a lot of support" from the crypto industry and was widely recommended for a pardon. Crypto industry executives and analysts are speculating whether Binance, the world’s largest crypto exchange by trading volume, will re-enter the United States following the pardon of Binance founder Changpeng “CZ” Zhao on Thursday. “Will do everything we can to help make America the capital of crypto and advance Web3 worldwide,” CZ wrote in an X post after he received a pardon from US President Donald Trump. He also changed his X social media bio from “ex-Binance” to just “Binance” in recent days, adding more fuel to rumors of CZ’s return to Binance and the exchange’s prospects of staging a return to the US, according to Bloomberg. Read more
US President Donald Trump said Binance founder Changpeng Zhao had "a lot of support" from the crypto industry and was widely recommended for a pardon. Crypto industry executives and analysts are speculating whether Binance, the world’s largest crypto exchange by trading volume, will re-enter the United States following the pardon of Binance founder Changpeng “CZ” Zhao on Thursday. “Will do everything we can to help make America the capital of crypto and advance Web3 worldwide,” CZ wrote in an X post after he received a pardon from US President Donald Trump. He also changed his X social media bio from “ex-Binance” to just “Binance” in recent days, adding more fuel to rumors of CZ’s return to Binance and the exchange’s prospects of staging a return to the US, according to Bloomberg. Read more
US President Donald Trump said Binance founder Changpeng Zhao had "a lot of support" from the crypto industry and was widely recommended for a pardon. Crypto industry executives and analysts are speculating whether Binance, the world’s largest crypto exchange by trading volume, will re-enter the United States following the pardon of Binance founder Changpeng “CZ” Zhao on Thursday. “Will do everything we can to help make America the capital of crypto and advance Web3 worldwide,” CZ wrote in an X post after he received a pardon from US President Donald Trump. He also changed his X social media bio from “ex-Binance” to just “Binance” in recent days, adding more fuel to rumors of CZ’s return to Binance and the exchange’s prospects of staging a return to the US, according to Bloomberg. Read more
US President Donald Trump signed a pardon for the Binance founder on Wednesday, The Wall Street Journal reported, clearing the way for his possible return to the exchange. Update (Oct. 23 at 5:45 pm UTC): This article has been updated to incorporate a response from Binance. US President Donald Trump has pardoned convicted Binance founder Changpeng “CZ” Zhao, following months of lobbying and appeals from the company and its former CEO, The Wall Street Journal reported Thursday, citing people familiar with the matter. President Trump signed the pardon on Wednesday, the people said, though no official details have been published on the White House website or in the Federal Register, where presidential pardons are typically announced. The information was later confirmed by Binance. Read more
BNB turned a sluggish October for Bitcoin into a breakout month, driven by memecoin trading, rising fees and Aster’s ascent despite renewed scrutiny on Binance. October is historically one of Bitcoin’s (BTC) best-performing months, but this year, BNB (BNB) is stealing the show. “Uptober” — coined to describe Bitcoin’s typically bullish Octobers — began on a high note this year, when the US government shutdown had just begun. Now, as Washington’s funding deadlock stretches past three weeks, that optimism has faded amid trade tensions and the aftermath of a historic liquidation event. Meanwhile, BNB, the native token of Binance’s BNB Chain, has set new all-time highs twice this month. The network is experiencing a surge in memecoin trading and is competing directly with Hyperliquid in the decentralized perpetuals market through its Aster platform. Read more
Malta’s Finance Minister Clyde Caruana backed a government-run charity’s decision to reject a now $33 million Binance donation due to reputational concerns. Malta’s finance minister backed a government-run charity’s decision to reject a multimillion-dollar crypto donation from Binance Charity, saying the refusal was the right call despite the funds’ ballooning value, according to the Times of Malta. Finance Minister Clyde Caruana reportedly said Tuesday he supported the Malta Community Chest Fund’s decision to decline a 30,644 BNB (BNB) donation, worth about $200,000 in 2018 but now valued at roughly $33 million. “You either give to charity or you don’t,” he told the Times of Malta. “Don’t dance around it.” Read more
Crypto markets reel from a crash, Binance pledges relief, JP Morgan to offer crypto, and corporations are stacking BTC as Elon Musk praises it. After surging to a record high above $126,000, Bitcoin and the broader crypto market have been shaken by unprecedented volatility — literally. On Friday, crypto markets saw their largest-ever liquidation event, totaling roughly $19 billion. The wipeout surpassed even the worst days of the FTX collapse in 2022, underscoring both how much the market has grown since then and how fragile it remains. The sell-off began in classic crypto fashion. Reports suggest US President Donald Trump may have misinterpreted China’s export controls, sparking a sweeping tariff threat that sent risk assets tumbling. Read more
French regulator ACPR is auditing Binance and other exchanges as Paris seeks a greater role in enforcing MiCA rules across Europe. Update (Oct. 17, 2025, at 11:00 am UTC): This article has been updated to add commentary by a Binance spokesperson. France’s banking regulator is reportedly conducting additional Anti-Money Laundering (AML) checks on Binance and other cryptocurrency exchanges, as Paris lobbies for more authority over Europe’s crypto industry under the Markets in Crypto-Assets Regulation (MiCA). According to a Friday Bloomberg report, the French Prudential Supervision and Resolution Authority (ACPR) is checking the Anti-Money Laundering compliance of Binance and “dozens of exchanges.” The report cited anonymous sources who noted that the checks started last year and are confidential. Read more
Four years on, Binance is back in South Korea! Plus, Morgan Stanley and Japan’s largest bank have a new digital asset division. Asia Express. Binance is returning to South Korea nearly five years after exiting the market in December 2020, following the Financial Intelligence Units (FIU) approval of its acquisition of Gopax one of only five local exchanges authorized to provide crypto-to-fiat services. According to a Maeil Business Newspaper exclusive, the FIU granted final approval on Wednesday, ending more than two years of uncertainty over Binances reentry. The exchange acquired a majority stake in Gopax in 2023, but the deal stalled amid regulatory scrutiny and Binances legal troubles in the US. The return of the worlds largest cryptocurrency exchange could shake up South Koreas long-standing duopoly of Upbit and Bithumb. Under the countrys crypto regulations, exchanges must partner with a domestic bank to offer real-name verified accounts. Though the system is designed to strengthen Anti-Money Laundering ...
Four years on, Binance is back in South Korea! Plus, Morgan Stanley and Japan’s largest bank have a new digital asset division. Asia Express. Binance is returning to South Korea nearly five years after exiting the market in December 2020, following the Financial Intelligence Units (FIU) approval of its acquisition of Gopax one of only five local exchanges authorized to provide crypto-to-fiat services. According to a Maeil Business Newspaper exclusive, the FIU granted final approval on Wednesday, ending more than two years of uncertainty over Binances reentry. The exchange acquired a majority stake in Gopax in 2023, but the deal stalled amid regulatory scrutiny and Binances legal troubles in the US. The return of the worlds largest cryptocurrency exchange could shake up South Koreas long-standing duopoly of Upbit and Bithumb. Under the countrys crypto regulations, exchanges must partner with a domestic bank to offer real-name verified accounts. Though the system is designed to strengthen Anti-Money Laundering ...
Four years on, Binance is back in South Korea! Plus, Morgan Stanley and Japan’s largest bank have a new digital asset division. Asia Express. Binance is returning to South Korea nearly five years after exiting the market in December 2020, following the Financial Intelligence Units (FIU) approval of its acquisition of Gopax one of only five local exchanges authorized to provide crypto-to-fiat services. According to a Maeil Business Newspaper exclusive, the FIU granted final approval on Wednesday, ending more than two years of uncertainty over Binances reentry. The exchange acquired a majority stake in Gopax in 2023, but the deal stalled amid regulatory scrutiny and Binances legal troubles in the US. The return of the worlds largest cryptocurrency exchange could shake up South Koreas long-standing duopoly of Upbit and Bithumb. Under the countrys crypto regulations, exchanges must partner with a domestic bank to offer real-name verified accounts. Though the system is designed to strengthen Anti-Money Laundering ...
Four years on, Binance is back in South Korea! Plus, Morgan Stanley and Japan’s largest bank have a new digital asset division. Asia Express. Binance is returning to South Korea nearly five years after exiting the market in December 2020, following the Financial Intelligence Units (FIU) approval of its acquisition of Gopax one of only five local exchanges authorized to provide crypto-to-fiat services. According to a Maeil Business Newspaper exclusive, the FIU granted final approval on Wednesday, ending more than two years of uncertainty over Binances reentry. The exchange acquired a majority stake in Gopax in 2023, but the deal stalled amid regulatory scrutiny and Binances legal troubles in the US. The return of the worlds largest cryptocurrency exchange could shake up South Koreas long-standing duopoly of Upbit and Bithumb. Under the countrys crypto regulations, exchanges must partner with a domestic bank to offer real-name verified accounts. Though the system is designed to strengthen Anti-Money Laundering ...
Four years on, Binance is back in South Korea! Plus, Morgan Stanley and Japan’s largest bank have a new digital asset division. Asia Express. Binance is returning to South Korea nearly five years after exiting the market in December 2020, following the Financial Intelligence Units (FIU) approval of its acquisition of Gopax one of only five local exchanges authorized to provide crypto-to-fiat services. According to a Maeil Business Newspaper exclusive, the FIU granted final approval on Wednesday, ending more than two years of uncertainty over Binances reentry. The exchange acquired a majority stake in Gopax in 2023, but the deal stalled amid regulatory scrutiny and Binances legal troubles in the US. The return of the worlds largest cryptocurrency exchange could shake up South Koreas long-standing duopoly of Upbit and Bithumb. Under the countrys crypto regulations, exchanges must partner with a domestic bank to offer real-name verified accounts. Though the system is designed to strengthen Anti-Money Laundering ...
Four years on, Binance is back in South Korea! Plus, Morgan Stanley and Japan’s largest bank have a new digital asset division. Asia Express. Binance is returning to South Korea nearly five years after exiting the market in December 2020, following the Financial Intelligence Units (FIU) approval of its acquisition of Gopax one of only five local exchanges authorized to provide crypto-to-fiat services. According to a Maeil Business Newspaper exclusive, the FIU granted final approval on Wednesday, ending more than two years of uncertainty over Binances reentry. The exchange acquired a majority stake in Gopax in 2023, but the deal stalled amid regulatory scrutiny and Binances legal troubles in the US. The return of the worlds largest cryptocurrency exchange could shake up South Koreas long-standing duopoly of Upbit and Bithumb. Under the countrys crypto regulations, exchanges must partner with a domestic bank to offer real-name verified accounts. Though the system is designed to strengthen Anti-Money Laundering ...
Four years on, Binance is back in South Korea! Plus, Morgan Stanley and Japan’s largest bank have a new digital asset division. Asia Express. Binance is returning to South Korea nearly five years after exiting the market in December 2020, following the Financial Intelligence Units (FIU) approval of its acquisition of Gopax one of only five local exchanges authorized to provide crypto-to-fiat services. According to a Maeil Business Newspaper exclusive, the FIU granted final approval on Wednesday, ending more than two years of uncertainty over Binances reentry. The exchange acquired a majority stake in Gopax in 2023, but the deal stalled amid regulatory scrutiny and Binances legal troubles in the US. The return of the worlds largest cryptocurrency exchange could shake up South Koreas long-standing duopoly of Upbit and Bithumb. Under the countrys crypto regulations, exchanges must partner with a domestic bank to offer real-name verified accounts. Though the system is designed to strengthen Anti-Money Laundering ...
Four years on, Binance is back in South Korea! Plus, Morgan Stanley and Japan’s largest bank have a new digital asset division. Asia Express. Binance is returning to South Korea nearly five years after exiting the market in December 2020, following the Financial Intelligence Units (FIU) approval of its acquisition of Gopax one of only five local exchanges authorized to provide crypto-to-fiat services. According to a Maeil Business Newspaper exclusive, the FIU granted final approval on Wednesday, ending more than two years of uncertainty over Binances reentry. The exchange acquired a majority stake in Gopax in 2023, but the deal stalled amid regulatory scrutiny and Binances legal troubles in the US. The return of the worlds largest cryptocurrency exchange could shake up South Koreas long-standing duopoly of Upbit and Bithumb. Under the countrys crypto regulations, exchanges must partner with a domestic bank to offer real-name verified accounts. Though the system is designed to strengthen Anti-Money Laundering ...