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CNBC report shows how Chinese Binance customers bypass crypto bans

0xMain
March 24, 2023

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CNBC has released an investigative piece on Binance citing allegations of allowing its Chinese customers to override the country’s cryptocurrency trading ban. According to the article, Binance staff and volunteers have taught others how to trick the exchange’s know your customer (KYC), residency,...

Russia will use Chinese yuan for transactions, avoiding sanctions

0xMain
March 22, 2023

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A shift in the digital currency environment may occur due to Russia’s latest decision to utilize the Chinese yuan instead of the U.S. dollar in trade settlements with nations in Asia, Africa, and South America. Despite Russia’s choice having nothing to do with...

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US SEC charges Chinese ‘fraudster’ Guo in $850m scam

0xMain
March 16, 2023

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The United States securities and exchange commission (SEC) has leveled charges against Miles Guo otherwise called Brother Seven – a Chinese businessman who has been living in exile – and his financial advisor, William Je over allegations of their involvement in a fraudulent...