Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has been “invited” to open an office in Hawaii. The state’s regulators issued a cease-and-desist order to the company last week, but Binance has not responded to the letter.
The news was first reported by The Block, which cited sources familiar with the matter. Binance has not yet responded to Cointelegraph’s request for comment.
The Hawaii Division of Financial Institutions (DFI) sent a cease-and-desist order to Binance on September 11, 2019. The order alleges that Binance is operating a digital asset business without the proper license in the state.
Binance has not applied for a money transmitter license in Hawaii, nor has it “otherwise complied with Hawaii transmission lAWS and regulations,” the order states. The DFI is giving Binance 20 days to respond to the order.
NOTE: WARNING: Binance is not allowed in Hawaii. Trading on the platform is prohibited, and anyone caught engaging in cryptocurrency trading may face legal consequences. Use of the Binance platform in Hawaii is strictly prohibited and may result in criminal penalties.
The DFI’s order comes after Binance announced plans to open an office in Malta earlier this year. At the time, Binance CEO Changpeng Zhao said that the company was “actively discussing” setting up an office in Malta, but no plans had been finalized.
Binance is one of the world’s largest cryptocurrency exchanges by trading volume. In August 2019, Binance traded $34.5 billion worth of cryptocurrencies.
The exchange has also been one of the fastest-growing companies in the blockchain space, with its valuation rising from $200 million in July 2017 to $1.26 billion by January 2018.
The DFI’s order raises questions about whether Binance will be able to operate in Hawaii. If Binance does not obtain a money transmitter license, it could be forced to stop doing business in the state.
Binance has not yet responded to the DFI’s order, so it is unclear if the company plans to apply for a money transmitter license or if it will continue operating without one.
10 Related Question Answers Found
Binance is a digital asset exchange that facilitates trading of cryptocurrencies. The company was founded in China but moved its headquarters to Japan after the Chinese government banned cryptocurrency exchanges. Binance is available in many jurisdictions, including the US, UK, Canada, and most of Europe.
This is a question that many people have been asking lately. The simple answer is yes, Binance is legal in Hawaii. However, there are a few things to keep in mind if you are planning on using this exchange.
Binance, one of the world’s largest cryptocurrency exchanges, is not currently available in Hawaii. However, there are a few ways that Hawaiian residents can still use Binance. Binance is a global cryptocurrency exchange that recently announced it would be opening a US-based exchange.
Binance US, the American arm of the world’s largest cryptocurrency exchange by trading volume, is now live. The launch comes after several months of testing and development, during which the exchange registered more than 1 million users. Binance US is a digital asset marketplace, providing advanced financial services to traders in the United States.
Indonesia is a country located in Southeast Asia. The Indonesian government has not yet legalized cryptocurrency trading. Binance, one of the world’s largest cryptocurrency exchanges, is not currently allowed to operate in Indonesia.
Reef is not currently available on Binance. However, there are a few things you can do in order to get it there. First, you can try to convince the Binance team to list it.
Binance, the world’s largest cryptocurrency exchange by trading volume, is not currently allowed to operate in Washington state. The Washington state Department of Financial Institutions (DFI) issued a cease and desist order to Binance on July 14th, 2019. The order stated that Binance was not registered as a money transmitter in the state of Washington, and that they were violating state law by operating without a license.
Binance, the world’s largest cryptocurrency exchange by trading volume, is open to US citizens. The Malta-based company announced the news in a blog post on Tuesday. The exchange will now allow US-based investors to trade cryptocurrencies on its platform, with some exceptions.
Binance is the world’s largest cryptocurrency exchange by trading volume. It has been gaining popularity among crypto users for its low trading fees, wide selection of coins, and impressive safety features. But is Binance safe to give your ID to?
Binance is the world’s leading cryptocurrency exchange. Based in Malta, the exchange has been in operation since 2017 and is now one of the most popular exchanges in the world with over 10 million users. The exchange allows users to trade a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and more.
