Manhattan US Attorney leading probe into Binance’s Iran compliance: Bloomberg
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*Doj Says Millions In Iranian Oil Proceeds Laundered On BINANCE: BBG
TreeNews News, *Doj Says Millions in Iranian Oil Proceeds Laundered on BINANCE: BBG
Binance: The standard for judging MiCA should be the number of companies included in its regulation, not whether there are any rules.
PANews reported on July 3rd that, according to CoinDesk, Gillian Lynch, Binance's head of Europe and the UK, stated that the success of the EU's MiCA regulation depends on how many companies are included in the regulatory system, not just on whether it has a rulebook. Binance withdrew its MiCA application to Greece last week, leading to an emergency notice to users 10 days before the July 1st deadline, suspending some services and halting new registrations. Lynch denied a Wall Street Journal report that the European Securities and Markets Authority (ESMA) privately advised Greece to reject Binance's application, calling it a "distortion of the facts." She stated that Binance delisted the relevant accounts and reported the anomaly to law enforcement after discovering the irregularities. She also refuted allegations that Binance ignored sanctions or retaliated against compliance staff.
US Seeks Forfeiture of $61 Million in Crypto Linked to Alleged Iranian Oil Scheme
Prosecutors allege two Chinese companies used Binance accounts to launder oil proceeds benefiting Iran’s government and military.
The US revoked waivers for Iranian oil sales, leaving approximately 63 million barrels of Iranian crude oil stranded at sea.
According to Mars Finance, on July 8th, Bloomberg cited Vortexa data, after the US revoked waivers for Iranian oil sales, approximately 63 million barrels of Iranian crude oil are currently stranded at sea, with most tankers anchored in the Persian Gulf and Asian waters, and no buyers have yet been found. Previously, the US had allowed Iran to sell crude oil within 60 days without sanctions, but this week revoked the waivers citing Iran's attack on tankers in the Strait of Hormuz, resulting in a significant amount of already loaded crude oil facing sales difficulties. Market analysts stated that Iranian crude oil exports are once again under pressure due to factors such as sudden changes in US policy, European and American sanctions, and insurance restrictions. Apart from China, no Asian refineries have publicly purchased Iranian crude oil, and industry insiders expect Iran may need to further increase discounts to attract overseas buyers.
Binance has added 10 new stocks and ETFs, including ADTI, ANTA, CBRS, and QNT.
According to a Binance announcement, starting at 21:30 on July 6th, Binance will add trading to the following assets: Adapti Inc (ADTI), Antalpha Platform Holding Co (ANTA), Astronics Corp Class B (ATROB), Cerebras Systems (CBRS), Tema Memory ETF (DISK), Tuttle Capital Pure Play Photonics ETF (FOTO), PLUS Korea Defense Industry Index ETF (KDEF), Kurv Memory Select ETF (KMEM), Quantinuum Inc (QNT), and Strategy Variable Rate Perpetual Stretch Prf Shs Series A (STRC). Full Fee-Based Securities Lending (FPSL) eligibility for the above stocks and ETFs will be available after trade settlement (T+1 trading day), and access to related trading will be restricted according to the compliance requirements of the user's country or region.
Preview: The protagonist of the ByteDance stock trading spree who made 30 million yuan will appear on Binance Square live stream tomorrow night and answer questions from the audience.
According to BlockBeats, Leto Bao, the protagonist of the "ByteDance stock trading 30 million yuan" story, will be a guest on Binance Square on July 5th at 8 PM (UTC+8) to recount his journey to making 30 million yuan in US stocks and answer questions from the audience. Leto Bao is a former employee of ByteDance, known as "ByteDance Stock Trading Guy." He reportedly made a substantial profit of approximately 30 million yuan by investing in the AI storage sector in the US stock market, leading him to resign. The story began when he noticed an abnormal price increase when buying hard drives on Pinduoduo, which prompted him to research data storage needs and heavily invest in related stocks.