Binance restricts Korean and Malaysian residents’ access to trading in local currencies
Representatives of the platform claim that the changes in the cryptocurrency exchange are due to the requirements of local regulators
Cryptocurrency exchange Binance has notified users that residents of South Korea and Malaysia are no longer available to some products of the trading platform, particularly trading pairs with the Korean Won (KRW) and Malaysian Ringgit (MYR), payment options in the same currencies, as well as P2P applications.
Binance P2P will remove trading pairs as well as discontinue support for its Korean-language website. Representatives of the crypto exchange explained that the changes to the site are based on the requirements of local regulators.
In late July, the Securities Commission of Malaysia (SC) issued a notice accusing the world’s largest cryptocurrency exchange by trading volume, Binance, of operating illegally in the country. The regulator warned the trading platform that it has 14 days (starting from July 26) to cease operations in Malaysia.
FTX exchange to open access to crypto derivatives to US customers
The trading platform is awaiting approval from the US Commodity Futures Trading Commission (CFTC), according to Brett Harrison, CEO of the site’s US subsidiary
Brett Harrison, CEO of US cryptocurrency exchange FTX, told Decrypt that FTX.US will allow customers to trade cryptocurrency derivatives by the end of the year. According to Harrison, an exact timeline for opening access to crypto derivatives is difficult to give, as much depends on the US Commodity Futures Trading Commission.
Hackers steal $7 million from crowdfunding platform DAO Maker
The attackers converted the stolen USDC into Ethereum to prevent the stable coin issuer from freezing assets
Hackers attacked crowdfunding platform DAO Maker and withdrew $7 million in USDC stable coin from it. This was reported by analytics service PeckShield. The information was later confirmed by crypto-journalist Colin Wu. According to him, the attackers converted the stolen funds into Ethereum.