Cryptocurrencies

Binance Drama Deepens as Malaysia Alleges Illegal Operations

  • Malaysia orders disabling of Binance.com within country
  • Futures, derivatives to wind down in three European countries

Changpeng Zhao

Photographer: Akio Kon/Bloomberg
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The global regulatory crackdown on the world’s largest cryptocurrency exchange by volume has deepened, with Malaysia issuing enforcement actions for alleged illegal operations.