Binance, one of the biggest exchanges in the world by volume traded, has been required to drop the offer of cryptocurrency related derivatives, like futures contracts, in Spain.
The Spanish securities regulator, the CNMV, has ordered Binance to stop offering cryptocurrency derivative products to customers in the country. According to local media, the crypto exchange giant has followed the orders of the regulator, withdrawing these products from its customers in Spain.The CNMV, which is the Spanish securities regulator, is putting more pressure on exchanges offering cryptocurrency-linked derivatives in the country.
The regulator warned last year about the danger of derivatives, stating they increase the complexity of trading operations, and also can cause investors to lose even more than the initial investment capital.Binance has reportedly withdrawn all of its derivatives offerings from its investments page for Spanish users, preventing them from opening new operations.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance plans to invest $500 million alongside Elon Musk in Twitter buyoutBinance has committed $500 million to invest in Twitter alongside elonmusk's buyout of the social media service. 'We're excited to be able to help Elon realize a new vision for Twitter' - cz_binance shares.
Read more »
Crypto Exchange Binance Approved by French Regulator as a Fully Regulated Digital Asset Service Provider – Regulation Bitcoin NewsBinance has received regulatory approval by the French financial regulator to operate as a registered digitalasset service provider. crypto cryptocurrency bitcoin $BTC
Read more »
Georgia to Unveil New Cryptocurrency Law by This Fall – Regulation Bitcoin NewsAuthorities in Georgia are holding discussions with industry representatives to finalize a bill designed to regulate crypto trading.
Read more »
California Governor Newsom Signs Executive Order on Crypto, Blockchain, and Web3 – Regulation Bitcoin NewsCalifornia’s governor has signed an executive order on crypto and blockchain to create a comprehensive framework for web3 tech to thrive. cryptocurrency bitcoin $BTC
Read more »
New York environmental committee will not consider Bitcoin mining ban billOn Friday, May 6, a bill that would have imposed a two-year moratorium on certain sorts of proof-of-work (PoW) crypto... Continue reading
Read more »
Elon Musk Secures Funding From Crypto-Friendly Binance, Sequoia, Fidelity to Buy Twitter – Featured Bitcoin NewsElon Musk has secured $7.139 billion in new financing commitments to fund his acquisition of Twitter. crypto cryptocurrency bitcoin $BTC
Read more »