All articles tagged with #regulatory climate
Binance.US has cancelled its $1.3 billion deal to buy assets of bankrupt crypto lender Voyager Digital, citing a "hostile and uncertain regulatory climate." Voyager had been looking to raise funds through an asset sale to repay creditors after it collapsed into bankruptcy last year. The company had initially agreed to sell its assets to major digital asset exchange FTX, but that deal fell apart when FTX imploded in November.
Binance.US has terminated the $1 billion asset purchase deal with bankrupt crypto lender Voyager Digital, citing the "hostile and uncertain regulatory climate in the United States." Voyager Digital said its Chapter 11 plan allows for direct distribution of cash and crypto to customers via the Voyager platform. A substantive part of the deal was allowed to proceed by the US government in an April 20 filing, despite concerns the fine print of the contract would pardon breaches of tax or securities law.