@cz_binance
@binance
“While the bank agreed to plead guilty to one charge of systemically violating U.S. economic sanctions, no executives of the bank were charged with crimes.”
I was in court with
@cz_binance
today. Over the last few years, he has come to be a good friend. He is one of the most kind-hearted and genuinely nice people I have ever met. The judge recognised this, and went below even what probation services recommended. He will be ok.
I find it curious that some people think that
@cz_binance
‘s sentence was lenient.
BNP Paribas was fined more than double what Binance was (9 billion ) for the exact same charge of compliance failures regarding sanctioned countries and organisations. UBS was fined about the
Samuel Johnson once said “The true measure of a man is how he treats someone who can do him absolutely no good.’
I could not agree more.
By this yardstick alone, Mr. Zhao, at least by my measure, is beyond a doubt, a good man.
Tik Tok CEO Singaporean Chew Shou Zi was calm under pressure from some of the most stupid, disrespectful people in the world. The whole world saw this. He won. No doubt.
BIE Member States elect Serbia as host country of Specialised Expo 2027/28, with 81 votes, compared to 70 votes for Spain. Congratulations Belgrade!
#BIE172
American regulators are very confused. The SEC is suing Coinbase because it deems crypto as securities; the CFTC is suing Binance because it deems crypto as commodities. Crypto cannot be both. Make up your mind.
#SECvsCFTC
Completed first diplomatic trip to Serbia. Look forward to stronger diplomatic relations between Serbia and Singapore. Thank your Foreign Minister Ivica Dacic.
Said Mr Cheng: “Binance was the only non-licensed offshore exchange that Singaporean residents couldn’t use. They complied. Did have a licence, or any of the many global offshore exchanges out there?” /3
The US has opaque and conflicting rules on digital asset regulation. Either CFTC is right and they are commodities, or SEC is right and they are securities. You would have thought that the world’s financial power can figure out which agency is in charge of regulation. If firms do
@cz_binance
@binance
is an exchange. Even if 12 billion of assets leaves the exchange , it also means that binance now has 12 billion LESS of liabilities. This is accounting 101. This journalist needs basic numeracy skills.
Serbian Prime Minister
@anabrnabic
recently appointed me as Serbia’s first Honorary Consul. In attendance was Singapore’s Senior Minister of State for Foreign Affairs Sim Ann. I look forward to deepening bilateral ties between the 2 countries.
The irony of US journalists ‘investigating’ crypto exchanges is the: on the one hand they accuse exchanges of being opaque. On the other hand untrained journalists with an ‘arts’ degree claim to be able to trace flows funds on the blockchain. Imagine doing this with cash!
The AEUR is 1:1 pegged STABLE COIN.
It is NOT a utility token.
Some Binance users decided to bid up to 3 euros for 1 euro.
Thank you for the confidence in the AEUR, but if you have money to pay 3 euros for 1 euro, please donate to charity instead. :)
In order to protect you, our users,
#Binance
suspended trading for $AEUR on December 5 due to abnormal volatility.
Within 72 hours of this announcement, Binance will facilitate and implement the AEUR project team’s compensation plan for impacted users.
This is bad logic
1) Any form of speculative trading is a form of gambling. Whether it is stocks, or commodities, or forex.
2) Many things that are traded have no ‘intrinsic value’. Like gold. Or any ‘precious’ metal. Even art. Something has value as long as 2 persons agree
JUST IN: At least 3 children killed in shooting at private Christian elementary school in Nashville, a local hospital confirms. The shooter was killed by police.
Crypto exchanges are not banks. 1) Don’t leave your investments in there 2) There is no concept of reserves. Exchanges should not be using ANY user funds and withdrawals/trades should be immediate. IT’S AN EXCHANGE.
“But when users sign on with FTX, did they sign on with Quoine? Were the funds stored by Quoine? Obviously not, otherwise the funds wouldn’t be stuck. It was stuck in ,” he said. /2
I am very honoured to have received the Public Service Medal (COVID 19) today.
This is in recognition of my small contribution to our fight against COVID 19.
When AEUR re-lists in the next few days remember it is a 1:1 pegged stable coin. :) thanks for the confidence but stable coins do not rise in value. Certainly not 200%.
@burnerphoneuser
It’s usually some (minority) Malaysians who get upset. Because they chucked us out in 1965, we have become wealthy and developed and they are still…. Just look at the currencies. Was 1:1 in 1965. Now it’s closer to 1:4. Singaporeans should be more magnanimous.
South Korea – the country accounts for 6.21% of all of FTX’s total user percentage
Singapore – the country accounts for 5.26% of all of FTX’s total user percentage
Germany – the country accounts for 4.20% of all of FTX’s total user percentage
#ftx
#Serbia
is the first European nation to grant
#China
a visa-free permit, and one can easily find a strong presence of Chinese elements on the streets of
#Belgrade
. Our China Daily reporter took to the streets of Belgrade and found out the reason why the country is so close to
Influencers are unable to monetise their interactions with their fans easily at moment. Virtual assets will enable them to create a digital fan economy.
The ‘fiat’ in fiat money means ‘by government decree’. Fiat money is as strong as the government behind it. No more no less. Fiat money collapses when a government collapses, or loses the confidence of its people. There is no crisis of that magnitude in Switzerland, America, the
South Africa has one of the highest rates of murder and violent crime in the world. Perhaps it should look into its own backyard , stop its own people from killing themselves. Before accusing others of genocide.
When Singapore was expelled from Malaysia in 1965, one of our biggest worries was national defence.
The British announced that it would withdraw its troops from the mid 1970s.
In this dire time of need, the State of Israel came to newly-independent Singapore’s aid.
Military
All Americans should be horrified and outraged by the brazen terrorist attacks on Israel and the slaughter of innocent civilians. We grieve for those who died, pray for the safe return of those who’ve been held hostage, and stand squarely alongside our ally, Israel, as it
NFTs will eventually be regulated, and it was better for me to get ahead of the curve with a progressive and innovative regulator in Dubai such as VARA,” Cheng said.”
What happened yesterday was bad for all of crypto. It may be the straw that breaks the camel’s back. If even the alleged good boy of crypto and number 2 exchange, can go poof in 24 hours, what other skeletons are in crypto’s closet? Expect regulators to go harder.
Up till the last 24 hours or so, there was no way to download the Binance app if you lived in Singapore (unless you used a vpn)
Now I'm easily able to without VPN
So did MAS reverse their restrictions in light of FTX?