As the Binance vs SEC hearing lumbers on, the parties struggle to agree on discovery requests and dispositions, and Circle was admitted as a 'friend of the court'.

Kraken and other major exchanges are shifting focus to the European market as the new MiCA framework promises greatly enhanced regulatory clarity.

Lately, Binance and its U.S. affiliate have faced multiple troubles partially connected to ongoing investigations by the SEC and CFTC. Let’s have a closer look at the latest setbacks and successes of the embattled exchange.

Binance is likely to leave Georgia soon due to registration issues. This adds to a series of setbacks, including the end of its partnership with Mastercard and Visa.

In addition to its other compliance-based troubles, Binance is also under investigation in connection with possible violations of the U.S. sanctions on Russia. Local observers report on interesting ways the exchange circumvents the restrictions.

Binance Connect, fiat-to-crypto on- and off-ramps service provider, was shut down on August 16, adding to the list of drawbacks for the group.

Binance has exited multiple European countries despite its stated intentions to focus on compliance with MiCA regulations. Meanwhile, the company became the first to obtain an operational license for providing exchange services in Dubai and re-entered the Japanese market with a licensed entity.

Following Ripple’s partial victory against the SEC crypto firms are no longer running scared… so the regulator is now trying to put the willies up any accountancy firm willing to work with the crypto industry.