The Israel Capital Markets Authority asked trading platform Binance to clarify the nature of its activities,and also checks licenses. In this regard, the crypto exchange stopped its work in the country.
Over the past few months, Binance has faced intense regulatory scrutiny, including an investigation by the U.S. Securities and Exchange Commission (SEC).
In 2021, the exchange was forced to fight off the UK authorities, who banned the platform from working without meeting a number of conditions.
If earlier analysts, assessing the price trend of Binance Coin, predicted an uptrend with an exit from the $ 430-440 zone, now they promise a protracted bearish movement.
At the same time, the suspension of operations in a single country is unlikely to have a long-term negative impact on the price of BNB.
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