Binance Banned In The UK: What Does It Mean For Cryptocurrency Traders And Prices?
"In addition to being ordered to display a stark notice on its website and social media regarding its lack of permissions, Binance may need to also undertake some intense procedural tasks within an eye wateringly tight timeframe – just a few days.
Although we are not actively promoting futures and derivatives in individual countries, we intend to start further restricting access to these products in the region. We understand that many local regulators may have their own stance on cryptocurrencies and welcome the opportunity to engage in constructive dialogue. "We are constantly evaluating our products and workingwith partners to meet the needs of users, - the exchange writes. - The European region is very important to Binance. The authorities here are acting proactively to form more harmonious regulation of cryptocurrencies, and this is a positive sign for the industry.
Open time Open High Low Close Volume Close time Base asset volume Number of trades Taker buy volume Taker buy base asset volume Ignore 1591258320000 9640.7 9642.4 9640.6 9642.0 206 1591258379999 2.13660389 48 119 1.23424865 0.
Each trading pair has its own base coin. Binance Futures COIN-Ⓜ is a division of the Binance cryptocurrency exchange that provides cryptocurrency futures trading. For COIN-Ⓜ futures, the base coin is BTC and a number of other cryptocurrencies (ETH, ADA, LINK, BNB, TRX, DOT, EOS, LTC, bitcoin BCH, XRP, ETC).
For Binance users being forced to close their accounts, there could be tax implications. Selling crypto for fiat and bitcoin trading from one crypto to another constitutes a taxable transaction. For btc Binance users in Ontario, it’s important to export all of your trade details by the December deadline so that you can accurately complete your taxes next year. Users may have to pay income tax or capital gains tax.
I regularly use to do future trade in the past made huge and lost aswell i was misguided by the concept that the interest is the fee like any other service provider . but later on i came across a bayan of dr zakir naik stating futures totally haram as it is alike betting and and haram interest infested and further mentioned that ( spot trading is totally halal unless the project u r investing in is not induldge in haram business and further mentioned that he himself is involved in spot trading ) after that i decided not to do futures anymore instead i started doing defi .
Open time Open High Low Close Volume Close time Quote asset volume Number of trades Taker buy base asset volume Taker buy quote asset volume Ignore 1601510340000 4.15070000 4.15870000 4.15060000 4.15540000 539.23000000 1601510399999 2240.39860900 13 401.82000000 1669.98121300 0.
All symbols are supported, the file format is: /data/spot/monthly/klines//
Cayman Islands-based Binance allows people to buy and bitcoin sell a wide range of digital assets. It has attracted attention from regulators who have expressed growing concern about the ease with which cryptocurrencies can be used to facilitate crime and launder the proceeds.
More than 370 cryptocurrencies are represented on the exchange, from which many trading pairs are generated. Binance Spot is a division of the Binance cryptocurrency exchange that provides spot and binance futures margin trading (with 3x cross-margin and binance futures 10x isolated margin).
While users of crypto exchanges often resort to VPNs to bypass various restrictions, this requirement will further complicate access for European clients to the Binance futures platform. Binance announced a decline this weekwithdrawal limits from accounts not confirmed by documents from 2 BTC to 0.06 BTC per day.
Open time Open High Low Close Volume Close time Quote asset volume Number of trades Taker buy base asset volume Taker buy quote asset volume Ignore 1499040000000 0.01634790 0.80000000 0.01575800 0.01577100 148976.11427815 1499644799999 2434.19055334 308 1756.87402397 28.46694368 17928899.62484339.
These instruments or contracts constitute securities and derivatives." The OSC alleges that Bybit failed to comply with registration requirements that apply to those who facilitate the trading of securities and derivatives. In the statement of allegations against Bybit, the OSC says "Bybit only provides its investors with instruments or contracts involving crypto assets. The OSC has alleged that Bybit, Poloniex, and KuCoin have failed to comply with Ontario regulations. In the statement, the OSC goes on to say that any crypto exchange disrega rding securities law will face regulatory action. Bybit allows users to trades futures contracts, which the OSC says are securities and derivatives.