Now, Binance can provide customer information to tax agencies upon request. It’s likely that Binance provides tax reporting information to tax authorities in the countries in which it operates. Because Binance does not currently operate in the United States, it’s unlikely that the exchange reports to the IRS. Does Binance report to the IRS? Why Read More …

Since Binance owns it, you can also, very easily, transfer to Binance. Also, it is advantageous for the people who live in less developed countries where the banking sector does not function very well. Also, they are sensitive to the pro and anti Bitcoin news. On the other hand, over-the-counter exchanges are one of the Read More …

At the end of August 2017, Bitcoin had an assigned trading value of nearly $5,000 for a single Bitcoin. In August 2021, UK regulator the Financial Conduct Authority in effect blacklisted Binance, one of the largest crypto exchanges. In June 2021, banks and payment institutions in China were told to stop enabling crypto transactions, and Read More …