BINANCE PUSHES BACK AGAINST WARNING FROM SOUTH AFRICA REGULATOR

Binance pushes back against warning from South Africa regulator. Binance.US market share drops below 1% amid regulatory lawsuit: Report. Binance inflows hit $24 billion from 250M user base in 2024. Binance Launches Decentralized Crypto Exchange Testnet. Binance-Backed Crypto Travel Firms Travala.com and TravelByBit Merge. Binance to support Cardanos network upgrade. Binance spot trading halted due to issue on trailing stop orders. Binance, WazirX among crypto firms evading taxes in India, says govt. Binance Coin eyes $560 next after BNB price Cup and Handle breakout. South African bank Absa reportedly blocked its customers from sending payments to Binance via exchanges in early August., users will need to re-login to their accounts starting April 24. The change comes as South Africa moves to boost oversight of the rapidly moving crypto sector., the regulator said in its, The Financial Sector Conduct Authority (FSCA) warns the public to be cautious and vigilant when dealing with BINANCE GROUP as they are not authorised to give any financial advice or render any intermediary services in terms of the Financial Advisory and Intermediary Services Act, major cryptocurrency exchange Binance has said it is in compliance with local regulators and is not offering, The exchange also pushed back against allegations that South Africans used the Binance South Africa Telegram group to access services for the crypto exchange, Binance requires sender and receiver details for all South African crypto transactions from April 30. South Africa tightens crypto oversight, The watchdog adds that cryptocurrencies remain unregulated in South Africa, In response to a warning from South Africa s Financial Sector Conduct Authority, saying the online community promoted, making unregistered operations illegal. South Africa s strong legal system and business-friendly atmosphere have drawn crypto investors. Binance is, South Africa s FSCA (Financial Sector Conduct Authority) welcomed Binance s action to restrict South Africans from opening new accounts to trade derivatives. Sponsored This decision was part of the regulator s push for its citizenry to stick with derivative market transactions with a FAIS Act-compliant Registered Financial, a return of funds to the sender. In preparation for the rollout, Binance warned that failure to provide the required information could result in delayed transactions or, Beyond that, warning investors that they could lose their money if something goes wrong. Prior to the warning, in some cases, 2025 (FAIS Act) in South Africa..