Binance, one of the world’s largest cryptocurrency exchanges, is under investigation by the Japanese financial regulator. The news sent shockwaves through the crypto community, with many wondering if their money is safe on the exchange.
Binance is no stranger to controversy. The exchange has been accused of everything from wash trading to allowing fake volume on its platform.
However, this latest investigation is the first time that Binance has come under scrutiny from a financial regulator.
The Japanese Financial Services Agency (FSA) is investigating whether Binance allowed Japanese citizens to trade on its platform without proper registration. If the FSA finds that Binance did indeed flout Japanese regulations, the exchange could be fined or even forced to shut down its operations in the country.
NOTE: WARNING: Can Binance keep your money? While Binance is a reliable and secure cryptocurrency exchange, it is not a bank and does not offer any banking services. Therefore, it is not responsible for safeguarding user funds or guaranteeing the safety of deposits. Users are solely responsible for their own funds and should take all necessary steps to ensure they are secure.
This news has caused many to question if their money is safe on Binance. After all, if the exchange is willing to flout regulations in one country, what’s to stop it from doing so in others?
The answer to this question lies in Binance’s business model. The exchange makes money by charging fees on trades.
It does not rely on deposits like a traditional bank. This means that even if Binance were to shut down its operations in one country, users would still be able to withdraw their funds.
So, while Binance may be embroiled in controversy at the moment, your money should still be safe on the exchange.
7 Related Question Answers Found
Yes, you can make money on Binance. Binance is a cryptocurrency exchange that allows you to trade digital assets including cryptocurrencies. You can buy and sell cryptocurrencies on Binance using either fiat currency or another cryptocurrency.
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. Cryptocurrency exchanges are online platforms where you can buy, sell or exchange cryptocurrencies for other digital currency or traditional currency like US dollars or Euro.
Assuming you already have some money in your possession and you want to buy Bitcoin or other cryptocurrencies on Binance, here is a step-by-step guide on how to do it:
1. On the main page of Binance, create an account by clicking on the ‘Register’ button on the top right corner.
2. Once you have registered and logged in, go to the ‘Funds’ page from the top navigation bar.
3.
If you’re looking to make money with Binance, there are a few things you should know. First, Binance is a cryptocurrency exchange, not a bank. This means that you can’t directly deposit or withdraw fiat (traditional) currency from Binance.
Binance is a cryptocurrency exchange platform that offers a wide variety of digital assets to trade. You can make money on Binance by trading cryptocurrencies, or by providing liquidity to other traders. Cryptocurrency trading is a risky business, but it can be profitable if you know what you’re doing.
Assuming you’re asking how to withdraw money from Binance, the process is actually quite simple.
1. Log into your Binance account and click on the “Funds” tab at the top of the page.
2. Find the currency you want to withdraw in the list of assets and click on the “Withdraw” button to the right of it.
3.
If you’re a Binance user, you may be wondering how to get your money back if something goes wrong. There are a few different ways to do this, and we’ll go over them all in this article. First, let’s start with the basics.
