"We are very confident. The report stated that the police pioneered the course to strengthen law enforcement against the increasing cybercrime in the . HONG KONG, Aug 6 (Reuters) - Binance, one of the world's largest cryptocurrency exchanges, said on Friday it would restrict Hong Kong users from trading derivative products, the latest. Zhaos wealth has largely come as a surprise even to him. By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Sign up with Coinbase and manage your crypto easily and securely. Former Member of the Council of Lloyds of London; Former Chairman of Lazard Americas. Binance stores 10% of all trading fees in a secure asset fund to protect a share of user funds. Hong Kong's Securities and Futures Commission said no entity in the Binance Group is registered to conduct any regulated activity. A deal could value the company at $1.25 billion including debt. Former International Adviser to Goldman Sachs. Financial terms were not disclosed. Its company status is Dissolved. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. You can add funds with a variety of payment methods. Tap the Chat (headset icon) on the top of the screen 4. The ban saw other exchange firms move out of China too, like KuCoin, OkCoin, etc. . Mar 2022 - Dec 202210 months. Financial terms were not disclosed. ). by David Rothnie 13 October 2021 2 minute read. . The letter, addressed to Binance.US President Brian Shroder and Binance Chief Executive Officer Changpeng "CZ" Zhao, cited recent Reuters reporting that cast doubt on the extent to which the two entities were really independent of each other. Yi is recognized as one of the most influential entrepreneurs in the blockchain industry and has helped to create a trend of hiring female executives in the male-dominant tech industry, increasing the markets trust in women leaders. Hold your crypto funds and start earning. - IndoSpace, a Mumbai, India-based developer and manager of industrial and logistics properties in India, is weighing an IPO in Singapore that could raise approximately $700 million, per Bloomberg. From January 30 to February 4, the CSTCB held a comprehensive five-day training program at the Hong Kong . Hong Kong has 4 trusted exchanges available for you to sign up for, with the most popular being Binance and CEX.io, which account for a combined 94,000,000 active users. Our team is diverse and we challenge the status quo. URL verification: https:// accounts.binance.com. 803 Operational Specialist Jobs in Hong Kong SAR (62 new) Operational Specialist FarmacyHK New Territories, Hong Kong SAR Actively Hiring 1 month ago Operations Associate (regional focus). Our office in Central stretches over three floors and we're filling them fast a testament to our rapid growth. Binance Labs is an infrastructure impact fund and an initiative to incubate, invest in, and empower blockchain projects. Here at Binance, we are committed to user protection with strict protocols and industry-leading technical measures. Its portfolio of crypto products and offerings includes trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, etc. Office Administrative Specialist Binance Hong Kong, Hong Kong SAR Actively Hiring . Manage and maintain the company's tax information and supporting documents. You can unsubscribe from these emails at any time. It was warned by Hong Kong authorities against trading digital assets that might be deemed securities under Hong Kong law, and the Japanese Financial Services Agency warned the company in March 2018 against continuing to operate there without a license. Editing by Mark Potter, Mexico can't match U.S. incentives for proposed Tesla battery plant, minister says, Taiwan's TSMC to recruit 6,000 engineers in 2023, Exclusive news, data and analytics for financial market professionals. TL;DR Breakdown. Things, however, started to go wrong in Japan on March 23rd when a letter was addressed to Zhao by Japans Financial Services Agency (FSA), warning the firm to cease activities in the country without a license. A deal could value Porsche at around 90 billion ($100 billion). Fast and secure decentralized digital asset exchange, Bringing blockchain broadcasts to you live, Verified user credentials for the Web3 era, Perpetual or Quarterly Contracts settled in USDT or BUSD, Perpetual or Quarterly Contracts settled in Cryptocurrency, Enjoy increased leverage without risk of liquidation, Exclusive ranking for Binance traders, follow top traders' strategies, View our full range of crypto-derivative instruments, Learn how you could practice responsible trading with Binance Futures, Expand your knowledge and get the latest insights in Derivatives Trading, VIP Exclusive, Tailor-made Institutional Grade Services, Commit your crypto holdings and enjoy high returns, Mine more rewards by connecting to the pool, Get an instant loan secured by crypto assets, Premium digital asset solutions for institutions, Connect and grow with Binance liquidity solutions, Discover various asset management solutions, One-stop station made for VIP and institutions, Secure digital assets with leading infrastructure, Bespoke institutional loan with wide coverage, Binance Has Completed the Tron (TRX) BEP20 Contract Swap, Binance Futures Will Launch USD-M PERP Perpetual Contract with Up to 20X Leverage, Binance Adds LQTY, MDT, QUICK & More Pairs on Cross Margin & Isolated Margin, Binance P2P Offers Zero Maker Fees in Bangladeshi Taka (BDT) Market, Get Started on Binance Lite to Buy and Sell Your Crypto, Important Changes About Binance Identity Verification, Upcoming Qtum (QTUM) Network Upgrade Supported on Binance, Frequently Asked Questions on Binance App Funding Wallet Migration. Binance had a series of domiciles: Hong Kong, Japan and then Taiwan. - Yonder, a London-based credit card provider, raised 20 million ($26 million) in funding led by Northzone and LocalGlobe. Binance Now Supports Deposits and Withdrawals in Hong-Kong Dollars - CoinDesk Consensus Magazine Bitcoin Calculator Consensus Webinars Indices About Markets Finance Technology Web3 Policy. Binance has become a popular target. , a West Jordan, Utah-based designer, manufacturer, and distributor of aftermarket suspensions, shocks, and other components. , a Kent, U.K.-based pharmaceutical product launch services provider. Private Company. Our platform is trusted by millions worldwide, and features an unmatched portfolio of financial product offerings. , a Chesterfield, Mo.-based wealth management firm. Yi led the business strategy behind Binances growth to become the worlds largest crypto exchanges having pivoted the company from a China-based crypto trading platform to a global blockchain ecosystem. Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century. Our teams work closely together, whether it's across the room or across the world. Both exchanges are considered to be beginner-friendly and offer multiple deposit methods and a variety of cryptocurrencies. ), (On this day, 647 Hong Kong companies were registered! ), (On this day, 655 Hong Kong companies were registered! , a Tarnowskie Gry, Poland-based automated product photography company. Despite operating out of dozens of countries, the Cayman Islands-domiciled company does not have any head offices registered in any country, creating a decentralized structure that CEO Changpeng Zhao says baffles regulators. Reportedly, Zhao confirmed that the exchange had received the FSAs letter and said that its lawyers are in contact with the FSA and will find a solution.. Collaboration We communicate openly. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. , a Vancouver-based blockchain protocol developed to connect decentralized applications across multiple blockchains, raised $135 million in funding. CZ spent his youth flipping burgers before studying at McGill University Montreal. ), (On this day, 751 Hong Kong companies were registered! We aim to be the global trailblazers in the regulation of blockchain-based businesses and the jurisdiction of quality and choice for world class fintech companies -JM @SilvioSchembri https://t.co/3qtAQjOpuQ, But by 2020, Maltese regulators made it clear that Binance is not authorised by the Maltese Financial Services Authority (MFSA) to operate in the cryptocurrency sphere and is therefore not subject to regulatory oversight by the MFSA.. Advising on some of the highest profile M&A and Capital Market deals in Asia and the Middle East at one of the biggest law firms in the world, including: Primavera Capital (Hong Kong based private equity house) in relation to the proposed US$1.9 billion privatisation by a consortium including . In 2019, Binance listed Singapores Small Claims Tribunal and International Arbitration Centre under its arbitration section of its flagship exchanges terms of service. Nov 2019 - Jul 20211 year 9 months. Stay in the know with our app and desktop client. Binance never acquired proper licensing in Malta over those two years, according to CoinDesk. Joseph Muscat, the countrys prime minister, then went ahead to Twitter to announce their welcome tweeting that they aim to be the global trailblazer in the regulation of blockchain businesses. Account Functions. For the next year or so, Zhao consistently sang Maltas praises and even virtually welcomed other crypto entrepreneurs as they entered the country. Marketing Associate (Campaigns) Klook. Binance's key executives include Changpeng Zhao and 8 others. Simple & Secure. Click the link in the email we sent to to verify your email address and activate your job alert. Three US Senators have asked giant cryptocurrency exchange Binance for information about its regulatory compliance and finances. Prior experience in scaling startup offices will be highly advantageous. Binance Exchange is the largest crypto exchange by trade volume. ), (On this day, 621 Hong Kong companies were registered! Requirements. Open rare Mystery Boxes, explore IGOs, Fan Tokens, and more with Binance NFT. Now available in Hong Kong and in 100+ countries around the world. He launched Binance in July 2017 and, within 180 days, grew Binance into the largest cryptocurrency exchange in the world. Users are at the heart of everything we do. A deal could value the company at $1.25 billion including debt. China's [] ), (On this day, 13 Hong Kong companies were registered! Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Twitter; Medium; Newsletter; Problems with our data? Officers believed the man, who worked in a yacht rental company, had attempted to help another suspect flee Hong Kong, police superintendent Alan Chung told reporters. A deal could value the division at around $4 billion. Hong Kong customers will, with immediate effect, not be able to open new Binance deriviative product accounts, according to a Binance announcement posted at 5 p.m. Hong Kong time. Cookie Policy The digital yuan project has been met with low demand and disinterest from Hong Kong citizens. Today, Binance is the worlds leading blockchain ecosystem, with a product suite that includes the largest digital asset exchange. Binance Overview Website: www.binance.com Headquarters: Singapore, Singapore Size: 5001 to 10000 Employees Founded: 2017 Type: Company - Private Industry: Internet & Web Services Revenue: $2 to $5 billion (USD) Competitors: Coinbase, Crypto.com, FTX Exchange Create Comparison