tl;dr
Binance has announced new measures to enhance platform security and prevent misuse, including monitoring for account misuse and a reward program for reporting violations. Additionally, the exchange is transitioning UAE accounts to comply with new regulations, requiring users to shift to the Binance ...
Binance has announced new measures to enhance platform security and prevent misuse, including monitoring for account misuse and a reward program for reporting violations. Additionally, the exchange is transitioning UAE accounts to comply with new regulations, requiring users to shift to the Binance FZE exchange by December 15, 2024, to align with the Virtual Asset Service Provider license from Dubai's VARA. This move aims to strengthen Binance's presence in the region and ensure regulatory compliance.
Cryptocurrency exchange Binance has announced a new initiative to combat the misuse of account features on its platform. The company reports detecting instances where users have exploited certain account types to gain unfair advantages, such as better fee rates and higher API limits.
Binance offers various account types, including sub-accounts, managed sub-accounts, and fund manager accounts, designed for legitimate business purposes. However, the exchange has found that some bad actors are abusing these features to circumvent controls and access or sell privileged account status. In response, Binance has enhanced its monitoring systems to detect potential misuse across all account types.
To further combat this issue, Binance is introducing a reward program for users who report verified cases of account misuse. The company has set up a dedicated email address for users to submit their findings. Reward amounts will be determined on a case-by-case basis.
Binance has recently revealed a crucial update in the follow-up of securing a VASP (Virtual Asset Service Provider) license from Dubai’s VARA (Virtual Assets Regulatory Authority). On June 26, the crypto exchange unveiled an announcement on account transition procedures for UAE residents to shift from the Binance global exchange to the Binance FZE exchange.
The account transition ensures user accounts migrate from the Binance global exchange to the FZE exchange. To be eligible, users must complete and update the KYC verification requested via email. The deadline for this submission is December 15, 2024. This transition is part of Binance’s broader strategy to comply with local regulations and enhance its service offerings in the UAE.
More about Mitsubishi UFJ Financial Group Inc ADR
Mitsubishi UFJ Financial Group Inc ADR
Mitsubishi UFJ Financial Group, Inc., a banking holding company, offers financial services in Japan, the United States, and Asia / Oceania. The company is headquartered in Tokyo, Japan.
Industry: FINANCE
Sector: COMMERCIAL BANKS
Symbol: NEC
Market Cap: 120.16B
Price-Earnings Ratio: 13.14
Dividend Yield: 0.78%
52-Week High: 543.96
52-Week Low: 0.229
Shares Outstanding: 6.505B
Public Float: 11.73B
Beta: -0.234
EPS: 0.006
More about Apple Inc
Apple Inc. is an American multinational technology company that specializes in consumer electronics, computer software, and online services. As of 2021, Apple is the world's largest technology company by revenue, totaling $274.5 billion in 2020, and the world's most valuable company since January 2021. Apple is also the world's fourth-largest PC vendor by unit sales and the fourth-largest smartphone manufacturer. It is one of the Big Five American information technology companies, along with Amazon, Google, Microsoft, and Facebook.
Industry: Technology
Sub-industries: Electronic, Computers
Market Cap: 320.59B
PE Ratio: 27.2
EPS: 32.46
ROE: 0.96
Dividend Yield: 6.44
Debt to Equity: 24.54
Current Ratio: 0.263
Revenue: 381.62B
Gross Margin: 195.36
Operating Margin: 0.007
Net Margin: -0.043