-
UK crypto investors sue Binance, Changpeng Zhao for $200M
Almost 1,700 UK investors are reportedly suing Binance and its founder Changpeng Zhao for 150 million British pounds ($200 million), alleging the crypto exchange offered and sold crypto derivatives without regulatory approval. The law firm representing the investors, KP Law, said Binance’s leverage tokens, futures contracts and options offerings breached the Financial Services and Markets Act 2000 and that these products continued to be offered after the Financial Conduct Authority banned such products from being offered to retail customers in January 2021. “There appeared to be no effective barrier preventing UK ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From cryptobriefing.com | 14 hr ago
Webull Canada will soon allow investors to trade Bitcoin, Ethereum, XRP and other crypto assets after receiving approval from the Canadian Investment Regulatory Organization (CIRO), the retail brokerage said Tuesday. The new service aims to provide investors with secure and compliant access to digital assets as they continue to gain mainstream adoption. ...
From financemagnates.com | 10 hr ago
Kraken has integrated Kraken Prime into Trever, giving European banks and brokers a way to execute and settle institutional crypto trades inside their existing operating environment. The partnership expands Kraken’s institutional infrastructure strategy by moving its liquidity and custody services deeper into the back office of traditional finance. Banks ...
From financefeeds.com | 13 hr ago
More than 140 companies, including Visa, Stripe, Mastercard, BlackRock and Coinbase, have joined Open Standard to support Open USD, a new stablecoin designed to share most of the earnings from its reserves with participating businesses. The launch group brings together payment networks, banks, asset managers, technology firms and crypto companies. That mix ...
