If you’re an EU-based crypto trader and you use Binance, you may need to look for a new exchange shortly. In a blog post on Wednesday, the world’s largest cryptocurrency exchange said that it had withdrawn its application for a Greek license to operate in the EU. Those Markets in Crypto-Assets (MiCA) licenses become mandatory for exchanges to continue to do business after July 1. “Binance is not leaving Europe,” Gillian Lynch, the company’s head of Europe and the United Kingdom, told Reuters. “We may just have a different pathway to being authorised. If it is not Greece, I’m looking at other alternatives.” It has said it intends to pursue…
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Binance to Offer 7,000 U.S. Stocks and ETFs
Tokenized U.S. equities are also coming
While a number of crypto exchanges offer access to U.S. stocks, most limit that offering to a few dozens to a few hundred equities and ETFs. Today Binance is upping the ante, offering access to some 7,000 U.S. stocks and ETFs through its trading platform. Binance also announced that it will soon launch bStocks, tokenized securities representing selected U.S. stocks and equities. Both launches are part of the largest cryptocurrency exchange by volume’s goal of turning itself into a financial super-app that acts as a one-stop shop for all investing needs. “We have set out to reach the next 3 billion users, and to do that, we need to make…
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North Korean Hackers ‘Industrialized’ Crypto Theft
AI security saved $10 billion: Binance
North Korea has “industrialized” cryptocurrency theft, turning it into a primary mechanism of revenue for the pariah state. That’s the conclusion of a new report by crypto security firm CertiK, which found that North Korean hackers have stolen $6.75 billion over the past decade, $2.6 billion of it in the past 18 months alone. The biggest incident by far was the 2025 Bybit hack, which saw $1.5 billion drained from the exchange. CertiK pointed to the “precision and scale of North Korean operations,” noting that in the past few years there have been fewer attacks that systematically targeted the highest-value opportunities. The Democratic People’s Republic of Korea (DPRK) has been…
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Judge Keeps CZ in U.S. Pending Review
Following last week’s landmark settlement, prosecutors argue flight risk
As we noted two days ago in Will Congress Finally Do Its Job?, the operator of the world’s largest cryptocurrency exchange, Binance, pleaded guilty and agreed to pay $4.3 billion to resolve the Justice Department’s investigation into violations related to the Bank Secrecy Act, failure to register as a money transmitting business, and the International Emergency Economic Powers Act. Additionally, Binance’s founder and CEO, Changpeng “CZ” Zhao also pleaded guilty to failing to maintain an effective anti-money laundering (AML) program, resigned as CEO of Binance and personally paid a $50 million fine to the Commodity Futures Trade Commission (CFTC) for “intentionally sabotaging and subverting Binance’s superficial compliance controls, including controls designed…
