Binance is facing a fresh wave of scrutiny as US regulators zero in on the world's largest crypto exchange. But analysts think the company will weather the rough patch.
Veronica Kusumawardani and Cindy Kikhonia F of DDTC Consulting report that anti-avoidance measures have been introduced in Indonesia despite parliamentary concerns over their impact on investment in the country.
Investors pulled more than $6 billion from the Binance-branded BUSD token last month as US regulators tightened their grip on the crypto sector, per the FT.
The firm will stop issuing BUSD, the world's third-biggest stablecoin, as the SEC reportedly plans to sue Paxos for the sale of unregistered securities.
Minister of Tourism and Creative Economy Sandiaga Salahuddin Uno stated that the strategic policy launched by the Directorate General of Immigration .