A full audit of Binance's assets and liabilities may be some way off, the crypto exchange's Asia-Pacific chief has said. By JamieCrawleyCD
Finding an auditor to go over the whole balance sheet is difficult given the complexities of auditing crypto assets due to challenges like price volatility, Leon Foong said in the interview.
“It shows you the limitations of the more traditional industries because there is a learning curve," he said."Number one, it’s not their core competence. And number two, obviously there’s a lot of scrutiny if they get it wrong.”in December. The report found its bitcoin reserves to be overcollateralized. Mazars subsequently paused its proof-of-reserves work with crypto clients out of concerns about the way such reports are understood by the public.
Crypto firms came under pressure to demonstrate that their customers' assets were fully backed 1:1 last year in the wake of
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Binance Gift Card: Your Crypto Business Solution | BinanceIf you're looking to scale your business through crypto, Binance Gift Card could be the answer for you. Why? 🔸 Zero fees 🔸 Access to 270+ cryptocurrencies, and many fiat currencies 🔸 Offer loyalty rewards And more ➡️
Consulte Mais informação »
Binance Margin Will Delist FIO, GNO, IRIS, MLN, WTC Trading Pairs From Isolated Margin | Binance SupportFellow Binancians , Binance Margin will delist FIO, GNO, IRIS, MLN and WTC trading pairs from Isolated Margin at 2023-02-16 06:00 (UTC) . Isolated Margin Pairs: FIO/BTC, FIO/BUSD, FIO/USDT, G...
Consulte Mais informação »
Binance to temporarily suspend bank transfers of U.S. dollarsBinance, the world’s largest crypto exchange, said it would temporarily suspend deposits and withdrawals in U.S. dollars via bank accounts starting Wednesday.
Consulte Mais informação »
Binance to temporarily suspend bank transfers in US dollars beginning Feb. 8Binance, the world’s largest cryptocurrency exchange, has announced the suspension of U.S. dollar bank transfers for international users with two days’ warning.
Consulte Mais informação »
Crypto Giant Binance Halts USD Bank TransfersOnly a very small percentage of binance's customers are affected by the suspension
Consulte Mais informação »