9/20/2023 0 Comments Binance us![]() ![]() This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. “to pivot and play catch-up to Europe,” which recently passed Mica (Markets in Crypto Assets) regulation.ĭespite regulatory pressures Binance’s digital currency, Binance Coin ( BNB-USD), has risen over 30% since the start of the year.ĭisclaimer: The TipRanks Smart Score performance is based on backtested results. Overall, Hillmann anticipates issues related to regulatory uncertainty to be addressed in the times ahead and expects the U.S. Hillmann reportedly declined to comment on whether the company had reapplied for FCA’s registration. was the “most stressful” country when it comes to crypto regulation. Last year, Binance’s co-founder He Yi said that the U.K. It is interesting to note that in 2021, the Financial Conduct Authority (FCA) ordered Binance to cease all regulated activities in Britain. Last month, Binance.US, the American arm of Binance, withdrew its offer to buy assets of bankrupt crypto lender Voyager Digital, citing a “hostile and uncertain regulatory climate.” In March, the Commodity Futures Trading Commission (CFTC) filed a civil enforcement action against Binance and its co-founder Changpeng Zhao, alleging willful evasion of federal laws and illegal operation of a digital asset derivatives exchange. ![]() right now is in this weird place.” The SEC sent a Wells Notice to Coinbase in March over alleged violation of securities laws. Securities and Exchange Commission’s (SEC) actions against crypto exchange Coinbase Global ( NASDAQ:COIN), Hillman reportedly said that “the U.S. and that the company would do “everything we possibly can” to be regulated in the U.K.Ĭommenting on the U.S. At the Financial Times’ crypto and digital assets summit, Binance’s chief strategy officer Patrick Hillmann said that it is now “very difficult” to operate in the U.S. regulators and the lack of regulatory clarity. ![]() Crypto exchange Binance, like several of its peers, has been frequently expressing its disappointment over the intense crackdown on crypto firms by U.S. ![]()
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