![]() Meanwhile, the exchange has denied wrongdoing and labeled the CFTC’s lawsuit as “unexpected and disappointing.” The exchange added that it complies with regulations and would continue cooperating with regulators. The Department of Justice (DOJ) is also investigating the crypto exchange to determine whether Binance or its executives circumvented sanctions around Russia’s invasion of Ukraine. The regulator alleged that the exchange illegally facilitated trading derivative orders on commodities for U.S. The Commodity Futures Trading Commission (CFTC) sued Binance and its CEO over commodities law violations. Regulatory strugglesīinance faces increased scrutiny from several regulatory authorities in the United States over its compliance with local regulations. With the new revelations, Reuters reported that a Binance.US spokesperson said that the current CEO, Brian Shroder, has had complete control and access to the accounts since he took over in 2021.īinance and Binance.US were yet to respond to CryptoSlate’s request for comment as of press time. (Wed Sat) Holy Hour of Eucharistic Adoration (Further Explanation of Ember Days BELOW) o 7:00pm Wed. In April, Binance.US’s head of legal, Krishna Juvvadi, told Reuters that staff of the exchange’s operator, BAM Trading, had exclusive control of the platform’s bank account since 2019. ![]() The new report contradicts earlier claims made by Binance.US that it operates independently of Binance. Binance denied this report, calling it a “conspiracy theory.” Binance.US’ contradictory statements Reuters reported that Binance commingled user funds with corporate funds in 20. The defunct bank Silvergate Bank reportedly authorized Chen as the “Primary Admin User” of the five bank accounts, including one that held American customers’ funds and an account for corporate clients.ĭuring this period, Binance.US staff sought the Chen team’s approval to process payments and cover its payroll, Reuters cited company messages. subsidiary between 20, Reuters reported on June 5, citing bank records. Traditionally, Embertides have been seen also as opportune moments to prepare prayerfully for ordination of diocesan clergy.Binance top executive, Guangying Chen, reportedly controlled five bank accounts of its independent U.S. Here is the explanation from the 1917 Catholic Encyclopedia. In Catholic England, there was a verse to help people remember when they fell: “Fasting days and Emberings be Lent, Whitsun, Holyrood, and Lucie,” and a shorter mnemonic that went: “Lenty, Penty, Crucy, Lucy.” The Ember Days, which were historically kept four times during the liturgical year, have a venerable history. Such Ember Days, also known as the “fasts of the four seasons”, were said to have been introduced into England by St Augustine of Canterbury as a way of thanking God for the gifts of nature and to cultivate the virtues of moderation and prudence in the use of worldly goods. After that, the next Embertide will be in the third week of Advent, then the first full week of Lent and the week following Pentecost Sunday. It usually comes during the week following the feast of the Exaltation of the Holy Cross (September 14) – so this year, the September Ember Days fall on Wednesday, September 18, Friday, September 20 and Saturday, September 21. ![]() On these days, Catholics traditionally fast as they would on Ash Wednesday and Good Friday, except they are permitted to eat meat as part of the main meal on the Wednesday and Saturday. Whitsun being old English for Pentecost, and September 14th being the feast of the Holy Cross or Holyrood in old English, and December 13th being the feast of St. ![]() They fall equidistant in the cycle of the year and each of them contains a Wednesday, Friday and a Saturday of the same week. The Ember Days at the Four Seasons, being the Wednesday, Friday, and Saturday after the First Sunday in Lent, the Feast of Pentecost, September 14, and December 13. The Ember Days are four sets of three seasonal days of prayer, fasting and abstinence.
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