A recently published Reuters report cites three unnamed sources saying leading cryptocurrency exchange Binance comingled “billions” worth of customer funds in 2020 and 2021. Binance has denied comingling user funds and said the report was false.
The Securities and Futures Commission (SFC) of Hong Kong revealed in an announcement on Tuesday that it would begin accepting license applications for cryptocurrency trading platforms starting from June 1.
Popular hardware wallet firm Ledger is delaying the launch of its Ledger Recover offering after facing significant backlash from the cryptocurrency community over the past week.
Top stories in the Crypto Roundup today:
- Binance Denies Commingling User Funds
- Hong Kong Opens the Door for Retail Crypto Trading
- Ledger Delays Key Recovery Tool Launch After Community Backlash
- Bitcoin Volatility Dropped Significantly in 2023