Binance, the world’s most used cryptocurrency exchange, stopped all its activities in Israel after the request of the regulators.
According to a report by local news site Globes, the Israel Free Market Authority has asked Binance to clarify its activities in Israel and has given the Israelis a request. type of services provided and about the licenses in which it operates asked for an explanation.
Binance’s Free Market Authority said in a statement. all activities until the licensing problem is resolved. announced that he had stopped.
Binance, the world’s best-known cryptocurrency exchange, is under scrutiny by many regulators around the world. In July 2021, the UK financial watchdog FCA warned against operating in the country. also The Securities Commission (OSC) in the Canadian province of Ontario announced in a press release that Binance has no track record under Ontario securities laws.
Ben Samocha, founder of local crypto platform CryptoJungle language support and local currency unit announced that it has withdrawn its support.