The order frees Binance.US from restrictions levied by the U.S. Securities and Exchange Commission, the affiliate said on Friday. Binance will transfer...
- Cryptocurrency exchange Binance's U.S. affiliate on Friday received approval from a federal judge to invest certain customer assets in U.S. Treasury bills.
Binance will transfer crypto to a third-party custodian not affiliated with the exchange, the order stated. These funds will mature on a rolling four-week basis, provided that no third parties, including Binance entities, are involved in the investment, according the court order.The SEC, in June last year, had sued Binance, its CEO and founder Changpeng Zhao and Binance.US's operator.
Later that month, Binance, the world's biggest cryptocurrency exchange, and Binance.US entered into an agreement with the SEC to ensure that U.S. customer assets remain in the United States.Netflix is canceling its $11.99 monthly basic subscription for streaming without ads. Subscribers will need to opt for another option.The Bank of Canada will cut its overnight interest rate on Wednesday by 25 basis points to 4.
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