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Binance to Wind Down Hong Kong Derivatives Trading in Switch to ‘Proactive’ Compliance Stance – CoinDesk – CoinDesk

Binance, the crypto exchange that has come under scrutiny from regulators globally, said it will take a more proactive stance to compliance and stopped Hong Kong clients from opening new derivates accounts, effective immediately.

UPDATE (AUG. 16, 9:27 UTC): Adds H.K. derivatives decision to headline, first paragraph.
UPDATE (AUG. 16, 9:57 UTC): Adds Binance’s recent actions, expands on global regulatory pressure.