Hashkey did not provide specific details behind its decision, only stating that it was a “policy change.” However, according to the exchange’s statement, transactions involving crypto assets to verified and authenticated unhosted wallet addresses, also known as whitelisted addresses, will continue unaffected. This decision by HashKey adds to the challenges faced by Binance on a global scale.
In February, the Nigerian government banned Binance due to concerns about currency speculation in the country. Nigerian telecommunications companies were instructed to block access to the websites of these prominent crypto firms.
During the ongoing Token 2049 in Dubai, Binance’s top executives, CEO Richard Teng and COO Noah Perlman, highlighted the woes facing the crypto exchange. Teng also emphasized Binance’s dedication to collaborating with global law enforcement agencies to combat financial crimes.
The agreement also mandated an independent compliance monitor for three years, essentially making the U.S. a regulatory referee for Binance’s global operations. It also saw Binance’s founder and CEO, Changpeng Zhao, step down from his role.
