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Ramadan Super Meetup with Our CEO Richard Teng

<h2 data-block-id="5b636d81-3339-4902-a77f-054f967bdc33">Main Takeaways</h2><ul data-block-id="7db993ee-356a-44bd-86b7-26fd28e05752"><li data-block-id="fcc9f7f2-e747-430d-b4e9-8733fd4808b5">Join our online <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/live/video?roomId=2184265" customevents="[object Object]">Ramadan Super Meetup</a> at 12:00 (UTC+0) on March 11 for exclusive insights, a live quiz, and a chance to share in 5,000 FDUSD of rewards.</li><li data-block-id="574e7c2e-cbbc-4ce7-9056-d26d7582e4d7">Hosted on Binance Live, we’ll be celebrating Ramadan as a community, featuring sessions with our CEO Richard Teng, CMO Rachel Conlan, and MENA growth leader Bader Al Kalooti.</li><li data-block-id="2cffb963-f86c-4d33-8a58-da014a3c1a72">Unlock daily Ramadan-themed activities, educational livestreams, and charitable initiatives from March 11-20 with our <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.%suffixOrigin%/%locale%/activity/calendar/ramadan-2024" customevents="[object Object]">2024 Ramadan Calendar</a>, featuring more than $400,000 of rewards.</li></ul><figure data-block-id="4cffdd89-0d43-4f61-b1cb-cab3e9ecb137" data-type="imageFigure"><img contenteditable="false" src="https://public.bnbstatic.com/image/cms/blog/20240311/8c40def6-70f2-4829-b8da-fcbf427fdbd2.png" naturalwidth="1600" naturalheight="900" adaptive="true"><figcaption></figcaption></figure>As part of the holiest month of the year for Muslims across the world, Binance will be hosting a Ramadan-inspired virtual <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/live/video?roomId=2184265" customevents="[object Object]">Super Meetup</a> on Binance Live. This exciting online event, starting at 12:00 (UTC+0) on March 11, is a chance for our community to come together and hear from our CEO Richard Teng, and other Binance leaders, as we celebrate the start of Ramadan, and learn more about our dedicated <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.%suffixOrigin%/%locale%/activity/calendar/ramadan-2024" customevents="[object Object]">2024 Ramadan Calendar</a> packed full of activities and rewards!Tune in to hear from some of Binance’s key voices, get ready for a fun and rewarding interactive quiz, and start this year’s Ramadan journey alongside your fellow Binancians. The event will be hosted by Reem Khayat, our Regional Marketing Lead (MENASA). <h2 data-block-id="eea7386c-bc41-49f4-b0b3-43f1bdcac6f7">What to Expect From the Super Meetup</h2>Starting with an overview of our Ramadan-themed activities, community initiatives, and rewards for this year — as detailed by our Regional Operations Lead (MENASA) Humza Khan — the Super Meetup will then turn to Richard Teng, our CEO.This will be Richard’s first major online interaction with the Muslim community since taking the helm. He will also be sharing his thoughts on his first <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/blog/from-our-ceo/a-letter-from-our-ceo-my-first-100-days-leading-binance-6098215234509961325" customevents="[object Object]">100 days of leadership</a> at Binance, as well as the conditions of the current crypto market. This segment will be moderated by Vishal Sacheendran, Regional Director (MEASA).Following Richard’s insights, we’ll jump into an in-depth discussion with Rachel Conlan, Global Chief Marketing Officer (CMO), and Bader Al Kalooti, Head of Operations, Marketing, and Growth (MENA). They’ll be looking at marketing and regional growth trends, as well as strategies and updates — both here at Binance, and on a broader, global basis. Then it’s time to get ready for our interactive quiz! Prepare yourself to tackle five questions. Those who answer correctly can earn a share of 5,000 FDUSD in rewards (split among 1,000 winners). Excited to take part? Then don’t miss our <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/live/video?roomId=2184265" customevents="[object Object]">Ramadan Super Meetup</a> on Binance Live. <h2 data-block-id="0e6a8f0c-d5c5-41ff-9062-4ae26fd5be56">Learn More About The Guests</h2>Each of the Binance leaders joining us for the Ramdan Super Meetup bring a wealth of experience and expertise. Not familiar with the speakers? Here’s what you need to know!Richard Teng: With over three decades of experience in financial services and regulation, Richard Teng has a wealth of experience, including as CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), and Chief Regulatory Officer of the Singapore Exchange (SGX). In November 2023, Richard succeeded Changpeng Zhao as <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/blog/from-our-ceo/a-letter-from-our-ceo-my-first-100-days-leading-binance-6098215234509961325" customevents="[object Object]">Binance CEO</a>. Rachel Conlan: Our <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/blog/leadership/binance-announces-rachel-conlan-as-chief-marketing-officer-3151244541602122461" customevents="[object Object]">Chief Marketing Officer</a>, is the driving force behind our global marketing endeavors. With a proven track record of success in senior leadership roles at the likes of Havas and CAA, Rachel has spearheaded ground-breaking campaigns, including Binance’s partnerships with Cristiano Ronaldo and the Alpine F1 Team. As she says: “We are just scratching the surface to unleash the larger potential of crypto in the new era of Web3.” Bader Al Kalooti: Leading growth, marketing, and operations across the MENA region, Bader Al Kalooti brings over 18 years of invaluable experience in finance and technology to Binance. With a background that includes roles at companies such as Citibank and Amazon, Bader plays a key role in developing strategies to enhance Binance’s presence in the region.<h2 data-block-id="ad7bfe9a-4aab-4ae3-9e07-8c350bc106b5">$400,000 of Rewards to be Shared this Ramadan!</h2>As a reminder, this Super Meetup kicks off our 2024 Ramadan Calendar, set to run from March 11 to March 20. Click the calendar each day to unlock Ramadan-themed rewards, educational livestreams, and charitable initiatives designed to unite and inspire our community. Join us this Ramadan by exploring the different calendar activities as they’re unlocked day by day — and be in with a chance to win from a $400,000 total rewards pool. Don’t forget to tune in at 12:00 (UTC+0) on March 11 to hear from Richard, Rachel and Bader as part of our exclusive virtual Super Meetup designed to celebrate the most important month of the Muslim calendar year. <h2 data-block-id="411ac9dd-64f8-4c30-967e-e97506f4dfcc">Three ‘Always On’ Activities</h2>As well as the activities to be unlocked each day through March 11-20, our Ramadan Calendar features a number of ‘Always On’ activities, offering free and daily chances to win rewards.The three activities running throughout the duration of our Ramadan Calendar are:<ol data-block-id="d8232713-aa87-4dfb-af30-e02ef07d3681"><li data-block-id="184922d8-cb0a-4daf-a85d-9624625f881e">Riddle Me This Ramadan: Solve Ramadan-themed riddles on Telegram, engage with fellow community members, and share a $15,000 reward pool in FDUSD!</li><li data-block-id="87c86370-eb4a-48bc-915b-ec8364f5a115">Red Packet Giveaway: Claim your FREE Red Packet containing a crypto reward from 0.01 to 3 FDUSD. Earn an extra Red Packet for each friend you successfully invite to take part!</li><li data-block-id="0cfcc9e1-7de2-4936-b879-2dc8afa8083c">Fawazir Social Media Contest: Follow Binance on <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://twitter.com/binance?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" customevents="[object Object]">X</a> to take part in four different Ramadan riddles. Solve them to qualify for rewards! Five winners per riddle will each receive 100 FDUSD. Don’t miss out!</li></ol><h2 data-block-id="33f097ef-de47-4037-82d3-103ed3fc4632">Further Reading</h2><ul data-block-id="4c043ac0-0538-4a11-abae-4e148b46db96"><li data-block-id="5b585cbd-4cd6-40ae-a91e-4ccd351f5690"><a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/blog/markets/binances-2024-ramadan-calendar-a-journey-of-discovery-and-giving-4458577920864034961" customevents="[object Object]">Binance’s 2024 Ramadan Calendar: A Journey of Discovery and Giving</a></li><li data-block-id="4c134f86-7399-4fec-84a2-8d4e3b6a47dc"><a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.%suffixOrigin%/%locale%/activity/calendar/ramadan-2024" customevents="[object Object]">The Binance Ramadan Calendar</a></li><li data-block-id="3b3d8df1-0c56-4223-a606-fe038785a2f6"><a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/blog/from-our-ceo/a-letter-from-our-ceo-my-first-100-days-leading-binance-6098215234509961325" customevents="[object Object]">A Letter From Our CEO: My First 100 Days Leading Binance</a></li></ul>Risk Disclaimer: Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/terms" customevents="[object Object]">Terms of Use</a> and <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/risk-warning" customevents="[object Object]">Risk Warning</a>.

2024-03-10

Give Back to The World: Feeding Families This Ramadan

<h2 data-block-id="9e9f2223-91ff-4287-ac79-02edf452b998">Main Takeaways</h2><ul data-block-id="526f31d7-f044-45de-88d7-71233d996f9a"><li data-block-id="035d8394-771f-4911-9594-d97d2686c426">Binance launches ‘Give Back To The World’ on March 15, 2024, to provide food supplies to over 1,500 families across Egypt, Gaza, Morocco, and Pakistan this Ramadan.</li><li data-block-id="6a742b64-f026-4bb2-88f0-97eca3dca2b7">Our Ramadan charity initiative, in partnership with recognised NGOs such as the Alkhidmat Foundation, aims to deliver targeted on-the-ground support to those in need.</li><li data-block-id="e17bf79f-640c-4a08-a3ee-401a9f92954f">Through this initiative, Binance aims to directly combat food insecurity and foster a culture of compassion as part of its wider Ramadan Calendar, which features daily activities from March 11-20, and includes $400,000 of rewards to be shared.</li></ul><figure data-block-id="b4962dd9-c0e4-4b61-a0d2-3a6b2da14e28" data-type="imageFigure"><img contenteditable="false" src="https://public.bnbstatic.com/image/cms/blog/20240314/59bdff0b-8876-4c3f-a600-37fdcf2d49c6.png" naturalwidth="1600" naturalheight="900" adaptive="true"><figcaption></figcaption></figure>Ramadan, the ninth month of the Islamic calendar, is a sacred time for Muslims worldwide, observed through fasting, prayer, and reflection. Fasting, one of the Five Pillars of Islam, is considered a time for spiritual reflection, devotion, and self-discipline. However, the challenge of food insecurity can exacerbate the difficulties faced by many families during this period, transforming what should be a time of spiritual enrichment into one of struggle. Charity, a cornerstone of Islamic teachings, holds particular significance during Ramadan. It’s a period when Muslims are encouraged to heighten their awareness of those in need and to amplify their charitable deeds. And so on March 15, 2024, Binance is proud to launch ‘Give Back To The World’, an initiative that aims to deliver essential food supplies to over 1,500 families in need across Egypt, Gaza, Morocco, and Pakistan. In doing so, we strive to honor the essence of Ramadan — and its values of compassion, charity, and communal support. <h2 data-block-id="b3e3feb0-6af7-410c-9cb3-ea58bdeff62b">Direct Support Through Food Distribution</h2>Understanding the critical importance of directly assisting those in need, Binance is committed to actionable, on-the-ground efforts this Ramadan. We’ve partnered with key organizations within each targeted region to pinpoint families most in need of support. Through these collaborations, with the likes of the Alkhidmat Foundation — a non-political, non-governmental, and non-profit organization that provides humanitarian and social welfare services to communities across Pakistan — we ensure our aid reaches the right hands at the right time.To address essential nutritional needs during this holy month, we’re distributing food boxes filled with nutritious, non-perishable items such as rice, pasta, beans, and canned goods, all procured from local suppliers. This initiative not only supports the community, but also provides families with the means to prepare wholesome meals during Ramadan. Specifically for Gaza, our food boxes will include ready-to-eat meals from Mitchell’s, Pakistan’s oldest food company, ensuring those in challenging circumstances receive immediate sustenance.<h2 data-block-id="6ed85abd-2fb1-42f3-abbf-b99d80cebd2a">Why Food Boxes?</h2>Food insecurity remains a pressing issue in many parts of the world. During Ramadan, the importance of food and sustenance takes on a new meaning, as families come together to break their fasts. However, not every table is laden with nourishment. By distributing these food boxes, we aim to bring hope and sustenance to those in need. Our mission transcends mere food distribution; it’s about nurturing a culture of compassion and giving. By extending this support, we aim not just to address immediate needs, but to inspire a wider movement of kindness and mindfulness across communities during Ramadan.<h2 data-block-id="7325bff2-8abc-46c4-ae56-78cb8b174ae7">The Binance Ramadan Calendar: $400,000 of Rewards</h2>‘Give Back To The World’ exists as Day 5 of our wider <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.%suffixOrigin%/%locale%/activity/calendar/ramadan-2024" customevents="[object Object]">Ramadan Calendar</a>, a dynamic and engaging series of activities running from March 11 to March 20. This initiative — presented as an online calendar, and featuring a blend of daily rewards, educational livestreams, and community activities — is designed to surprise and unite. With more than $400,000 in rewards to be distributed, we hope to inspire our community during this special time of giving.<h3 data-block-id="fb30d91f-1406-4d4a-9a53-f1754cacb8a8">Three ‘Always On’ Activities</h3>As well as the activities to be unlocked each day through March 11-20, our Ramadan Calendar features a number of ‘Always On’ activities, offering free and daily chances to win rewards.The three activities running throughout the duration of our <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.%suffixOrigin%/%locale%/activity/calendar/ramadan-2024" customevents="[object Object]">Ramadan Calendar</a> are:<ol data-block-id="34b66e54-24b7-4906-989f-63c62a4de925"><li data-block-id="009d3fa3-d75b-4f93-b255-6fa66e3035c8">Riddle Me This Ramadan: Solve Ramadan-themed riddles on Telegram, engage with fellow community members, and share a $15,000 reward pool in FDUSD! More <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/support/announcement/riddle-me-this-ramadan-share-community-rewards-worth-15-000-in-fdusd-0b074755b3ca4f5997658e0d3eeee785" customevents="[object Object]">here</a>.</li><li data-block-id="e55b6f19-2c9d-4b24-b2dd-5ba3a622deab">Red Packet Giveaway: Claim your FREE Red Packet containing a <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://binance.onelink.me/y874/5dioq6ym?af_force_deeplink=true" customevents="[object Object]">crypto reward</a> from 0.01 to 3 FDUSD. Earn an extra Red Packet for each friend you successfully invite to take part!</li><li data-block-id="9bf9bbf6-9fe7-43a4-a4b0-9965cb2fdc65">Fawazir Social Media Contest: Follow Binance on X to take part in four different Ramadan riddles. Solve them to qualify for rewards! Five winners per riddle will each receive 100 FDUSD. Don’t miss out! Read more <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/blog/markets/fawazir-ramadan-solve-riddles-on-x-for-rewards-5800051197490022993" customevents="[object Object]">here</a>.</li></ol><h2 data-block-id="d064264a-cd5b-4f67-a6eb-d682b66ab96e">The Power of Community</h2>Binance believes in the strength of community. Our initiative in Egypt, Gaza, Morocco, and Pakistan isn’t just about delivering food boxes; it’s about sending a message of solidarity and support. It’s a reminder that even in the vast, digital world of crypto, human connection remains at our core. Here's how you can be a part of this journey:<ul data-block-id="232528a0-66bf-46d0-beb8-7e70c9d74274"><li data-block-id="7d89160c-1446-44e2-8497-05e5f8a11fc6">Spread the Word: Use your voice on social media to raise awareness about this initiative. The more people know, the more impactful our efforts can be.</li><li data-block-id="396f930a-469a-401b-91ab-99e49d3f8afc">Engage with Our Activities: Throughout the <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.%suffixOrigin%/%locale%/activity/calendar/ramadan-2024" customevents="[object Object]">Ramadan Calendar</a>, there are numerous ways to participate, including sharing rewards, interactive challenges, and more.</li><li data-block-id="f38aeaaa-ce47-470f-96c9-e9964e762187">Embrace the Spirit of Giving: Ramadan is a perfect time to reflect on our blessings and give support to those in need. Every action, no matter how small, can make a difference.</li></ul>This Ramadan, let’s unite to make a difference. Let’s spread hope, support families in need, and showcase the incredible power of the Binance community. Join us as we give back to the world, one food box at a time. Warmest wishes for a blessed Ramadan to you, your loved ones, and communities around the globe. Together, we can bring light to those in need.<h2 data-block-id="f376cc39-bfde-4ff6-830a-eec2fd933d90">Further Reading</h2><ul data-block-id="2f9d8b92-b64e-47cf-a730-54f2364f69a2"><li data-block-id="8c348ba2-e899-4c52-8cd5-2dbd99a47dfd"><a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.%suffixOrigin%/%locale%/activity/calendar/ramadan-2024" customevents="[object Object]">The Binance Ramadan Calendar</a></li><li data-block-id="3da943fc-4c77-4c48-8400-18d62cb57220"><a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/blog/markets/fawazir-ramadan-solve-riddles-on-x-for-rewards-5800051197490022993" customevents="[object Object]">Fawazir Ramadan: Solve Riddles on X for Rewards!</a></li><li data-block-id="f56fc950-fcfe-4b45-8e0d-e9153985861c"><a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/blog/markets/binances-2024-ramadan-calendar-a-journey-of-discovery-and-giving-4458577920864034961" customevents="[object Object]">Binance’s 2024 Ramadan Calendar: A Journey of Discovery and Giving</a></li></ul><hr data-block-id="5b50d90e-497c-49da-a0f8-4b55b032131c">Risk Disclaimer: Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/terms" customevents="[object Object]">Terms of Use</a> and <a target="_blank" rel="noopener noreferrer nofollow" appurl="" href="https://www.binance.com/en/risk-warning" customevents="[object Object]">Risk Warning</a>.

2024-03-15

SEC Complaint Aims to Unilaterally Define Crypto Market Structure

<figure data-block-id="0ec2b8db-4bf1-4c52-8b68-c39aadc91481" data-type="imageFigure"><img contenteditable="false" src="https://public.bnbstatic.com/image/cms/blog/20230605/026722ab-19ca-4c7a-ae61-a98af8851159.png" naturalwidth="1600" naturalheight="900" adaptive="true"><figcaption></figcaption></figure> We are disappointed that the U.S. Securities and Exchange Commission chose to file a complaint today against Binance seeking, among other remedies, purported emergency relief.  From the start, we have actively cooperated with the SEC’s investigations and have worked hard to answer their questions and address their concerns.  Most recently, we have engaged in extensive good-faith discussions to reach a negotiated settlement to resolve their investigations.  But despite our efforts, with its complaint today the SEC abandoned that process and instead chose to act unilaterally and litigate.  We are disheartened by that choice. While we take the SEC’s allegations seriously, they should not be the subject of an SEC enforcement action, let alone on an emergency basis. We intend to defend our platform vigorously.  Unfortunately, the SEC’s refusal to productively engage with us is just another example of the Commission’s misguided and conscious refusal to provide much-needed clarity and guidance to the digital asset industry.Today’s action is another in a line of examples where, as with other crypto projects facing similar suits, the Commission has determined to regulate with the blunt weapons of enforcement and litigation rather than the thoughtful, nuanced approach demanded by this dynamic and complex technology. Unilaterally labeling certain tokens and services as securities – even ones over which other U.S. authorities have asserted jurisdiction – only compounds these problems.Perhaps most surprising, the SEC’s actions undermine America’s role as a global hub for financial innovation and leadership.  Digital asset laws remain largely undeveloped in much of the world, and regulation by enforcement is not the best path forward.  An effective regulatory framework demands collaborative, transparent, and thoughtful policy engagement – a path the SEC has abandoned.And, to be clear: any allegations that user assets on the Binance.US platform have ever been at risk are simply wrong, and there is zero justification for the Staff’s action in light of the ample time the Staff has had to conduct their investigation.  All user assets on Binance and Binance affiliate platforms, including Binance.US, are safe and secure, and we will vigorously defend against any allegations to the contrary.  Rather, the SEC’s actions here appear to be in service of an effort to rush to claim jurisdictional ground from other regulators – and investors do not appear to be the SEC’s priority.  Because of our size and global name recognition, Binance is an easy target now caught in the middle of a U.S. regulatory tug-of-war. It seems based on these developments that the SEC’s goal here was never to protect investors; if that were truly the case, the Staff would have thoughtfully engaged with us on the facts and in our efforts to demonstrate the safety and security of the Binance.US platform.  The SEC’s real intent here, instead, appears to be to make headlines. We will continue to cooperate with regulators and policymakers in the U.S. and across the globe because that is the right thing to do.  And Binance remains committed to productive engagement to ensure the next generation of cryptocurrency regulation fosters innovation while implementing and ensuring important consumer protections. Because Binance is not a U.S. exchange, the SEC’s actions are limited in reach.  Still, we stand with digital asset market participants in the U.S. in opposition to the SEC’s latest overreach, and we are prepared to fight it to the full extent of the law.We will work alongside industry partners to defend this important technology from misguided lawsuits.  And we will maintain our unceasing efforts to deliver a safe and trusted platform for our users that holds true to our core value of furthering the freedom of money.

2023-06-05