Binance began kicking U.S. customers off its platform in November—even though it had closed its platform to Americans on June 14, 2019—after setting up the independent exchange Binance.US in the country. At the time, Binance CEO Changpeng “CZ” Zhao said Binance.US would “bring the security, speed, and liquidity of Binance.com to North America,” in full regulatory compliance with all U.S. laws.
In wake of indictments, BitMEX completes user verification program
The cryptocurrency derivatives exchange began putting an anti-money-laundering program in place for all of its users following the indictment of several executives, including former CEO Arthur Hayes
The Seychelles-based exchange has been under severe pressure since the Oct. 1 indictment, when the four executives were charged with violating the Bank Secrecy Act by failing to put an acceptable user identity verification program in place.
Oyster Protocol founder arrested for exit scam, tax evasion
The U.S. Securities and Exchanges Commission brought separate civil charges against Amir Bruno Elmaani for failing to register his Oyster Pearl tokens as securities
Crypto-powered data storage platform Oyster Protocol was an exit scam that brought founder Amir Bruno Elmaani—also known as Bruno Block—a lavish lifestyle featuring several yachts, according to the U.S. Department of Justice.
In wake of indictments, BitMEX operator appoints former Börse Stuttgart exec as CEO
Alexander Höptner led Börse Stuttgart as the firm reportedly became European Union’s first traditional exchange operator to become a regulated crypto multilateral trading facility
Höptner led Börse Stuttgart as the firm started offering regulated cryptocurrency trading services inside the European Union, from Germany. The company said it was the European Union's first traditional exchange operator to become a regulated crypto multilateral trading facility.