Courtesy of YahooFinance

Binance's Struggles and Ambitions: Can They Shape the Future of Crypto?

To highlight Binance's efforts to expand crypto adoption through partnerships and the challenges it faces that may impact the wider crypto industry.

25 Apr 2025, 16.30 WIB

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Ikhtisar 15 Detik

Binance berusaha untuk meningkatkan adopsi kripto melalui integrasi dengan dompet digital terkemuka.
Perusahaan menghadapi tantangan hukum yang signifikan di berbagai negara, termasuk AS dan Nigeria.
Regulasi yang lebih baik dapat membantu membangun kepercayaan konsumen dalam industri kripto.

United States, Nigeria, France - Binance has integrated fiat-to-crypto onramp capabilities for Apple Pay and Google Pay through Worldpay, aiming to bring more users into the Web3 ecosystem. This integration allows easy conversion of fiat currency to cryptocurrencies within the Binance app. However, a recent AWS Cloud outage caused significant disruptions, leading to a crash in the Mantra (OM) token's value.

Despite its efforts to partner with established payment names, Binance faces ongoing legal challenges that may impact its reputation and the wider crypto industry. The company has been charged by the SEC for operating unregistered exchanges and securities, and it is also facing a high-profile lawsuit in Nigeria for operating without proper registration. Additionally, France is investigating Binance for alleged violations of anti-money laundering laws.

Regulatory collaboration appears to be a crucial step for gaining consumer trust in the crypto industry. GlobalData's Industry Polls indicate that a significant portion of people are more likely to purchase cryptocurrencies if the industry is more regulated. However, the involvement of Binance's ex-CEO, who has a controversial past, in advising countries on Web3 strategies adds another layer of complexity to the situation.

Sumber: https://finance.yahoo.com/news/binance-continued-challenges-hinder-wider-093054915.html