Binance.US refuses to buy Voyager Digital due to difficulties in regulating the crypto market
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The American division of the largest cryptocurrency exchange Binance decided to abandon the deal to buy the assets of the bankrupt crypto lending service Voyager Digital. The exchange cited the difficulties associated with regulatory uncertainty in the US. A $1.3 billion deal to buy the assets of a bankrupt crypto lender would help investors a lot, but regulators apparently don’t care about their well-being and continue to harass crypto projects. “Today we received a letter from Binance.US notifying us of the termination of the agreement to purchase our assets. This decision is disappointing, however, we have the opportunity to distribute
Crypto broker Voyager – which was one of many crypto firms to enter bankruptcy proceedings in 2022 – has been given approval by a court to sell some of its assets to Binance (a larger crypto exchange and its primary competitor) for about $1 billion. Voyager Can Sell Its Assets…