Michele
Fri Jun 07 2024
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5 answers
859
Does Binance report to ATO?｜, and the ATO has been providing crypto tax guidance since 2014.Yes, Binance reports user transaction data to the ATO
Does Binance have any reporting obligations to the Australian Taxation Office (ATO)? Given that the ATO has been issuing crypto tax guidance since 2014, it seems that cryptocurrency transactions would be subject to some form of tax regulation. I'm curious to know if Binance, as a major cryptocurrency exchange, is required to submit user transaction data to the ATO for tax purposes. Is this information publicly available, or does it fall under confidentiality agreements? If Binance does report to the ATO, how does this impact users' privacy and security? I'd appreciate any clarification on this matter.
Michele
Fri Jun 07 2024
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5 answers
1209
Is Binance allowed in the UAE?｜Binance, one of the largest crypto exchanges in the world, .has experienced some legal setbacks recently and is the latest firm to receive Dubai's coveted VASP license
Is Binance indeed permitted to operate in the United Arab Emirates? Given that Binance, renowned as one of the foremost cryptocurrency exchanges globally, has encountered several legal challenges of late, I'm curious about its status in the UAE. Furthermore, I've noticed that it has recently become one of the few select entities to acquire Dubai's highly sought-after VASP license. This raises questions about its legality and regulatory standing in the emirate. Could you please clarify the situation?
Caterina
Fri Jun 07 2024
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6 answers
1039
Is Binance money laundering?｜Cryptocurrency exchange giant, Binance, , has been fined about C$ 6 million ($4.38million) by Canada's anti-money laundering agency for violating the country's money laundering and terrorist financing laws.facing charges for alleged $35.4million money laundering and tax evasion in Nigeria
Could you clarify for me, is Binance involved in money laundering? I've heard that the cryptocurrency exchange giant, Binance, has been fined approximately C$6 million (about $4.38 million) by Canada's anti-money laundering agency due to violations of the country's money laundering and terrorist financing laws. Additionally, there are also accusations against Binance for alleged money laundering and tax evasion worth $35.4 million in Nigeria. Could you provide more details on these allegations and the consequences Binance is facing?
IncheonBeautyBloom
Fri Jun 07 2024
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5 answers
1336
Should I keep my crypto on Binance or wallet?
Could you please assist me with a decision? I'm torn between storing my cryptocurrency on Binance or in a personal wallet. Could you help me weigh the pros and cons of each option? On Binance, it seems convenient to trade and access various services, but I'm also concerned about the security risks associated with centralized exchanges. On the other hand, using a wallet gives me more autonomy and control over my funds, but it might be less user-friendly and require more technical knowledge. What would you recommend, considering both ease of use and security?
mia_anderson_painter
Fri Jun 07 2024
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5 answers
936
Is Canada a restricted country for Binance?｜, which it withdrew from in March 2022 after a protracted disagreement with that province's regulators. All is not lost for Canadian cryptophiles, however.Binance operated in all Canadian provinces and territories except Ontario
Could you please clarify for me? Is Canada considered a restricted country for Binance? I understand that Binance withdrew from Ontario in March 2022 due to a lengthy disagreement with the provincial regulators. But does this mean that the entire country of Canada is now restricted for Binance? Or are Canadian crypto enthusiasts still able to use Binance services in other provinces and territories? It seems from the paragraph that Binance was operational in all Canadian regions except Ontario. Could you elaborate on this matter?
