Cryptocurrency Q&A
Why was Binance banned in Malaysia?｜Decrypt reported that Binance could have been blacklisted because , despite not having the license to do so. It also promoted its platform to Malaysians and also tried to release a crypto debit card in Malaysia without approval.it made the Ringgit available on its peer-to-peer exchange
Why was Binance banned in Malaysia?｜Decrypt reported that Binance could have been blacklisted because , despite not having the license to do so. It also promoted its platform to Malaysians and also tried to release a crypto debit card in Malaysia without approval.it made the Ringgit available on its peer-to-peer exchange
Emanuele
Sun Jun 09 2024
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7 answers
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Why did Malaysia ban Binance? Decrypt revealed that the platform might have been blacklisted due to its unauthorized operations. Despite lacking the necessary license, Binance aggressively marketed its services to Malaysians and attempted to introduce a crypto debit card without approval. Furthermore, it facilitated Ringgit transactions on its peer-to-peer exchange, possibly violating regulatory guidelines. Was this a calculated risk or a lack of due diligence? What steps should Binance take to reinstate its operations in Malaysia?
7 answers
JessicaMiller
Mon Jun 10 2024
Cryptocurrency, a digital asset designed to function as a medium of exchange, has emerged as a disruptive force in the finance world. It offers unprecedented levels of security, anonymity, and decentralization, making it an appealing option for individuals and businesses alike.
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HanbokGlamour
Mon Jun 10 2024
Another key service offered by BTCC is its wallet solution. The wallet provides a secure and convenient way to store and manage cryptocurrencies, ensuring that users' assets are protected from unauthorized access and theft.
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Chiara
Mon Jun 10 2024
With the growth of the cryptocurrency industry, platforms like BTCC have emerged to cater to the needs of investors and traders. BTCC, a UK-based exchange, provides a comprehensive suite of services that cater to various aspects of the crypto ecosystem.
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Lorenzo
Mon Jun 10 2024
BTCC's wallet also offers a range of features that enhance the user experience. These include intuitive interfaces, multi-factor authentication, and support for multiple cryptocurrencies, making it a one-stop solution for crypto enthusiasts.
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Paolo
Mon Jun 10 2024
The exchange's commitment to security and compliance is another reason for its popularity. BTCC employs robust security measures to protect user funds and personal information, while also adhering to strict regulatory requirements to ensure a safe and transparent trading environment.
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