Mazars and Binance. A suspension of trading

Mazars and Binance

Mazars, a worldwide accounting agency. Has declared a “suspension of transactions” with cryptocurrency exchanges reminiscent of Binance and Crypto Dotcom.

Mazar has supplied a report that these exchanges have ample buyer funds as investor nervousness over the digital forex market has grown because of the latest fall of FTX.

In response to Bloomberg Information on the sixteenth (native time), Mazars stated. “We now have suspended actions associated to the creation of a ‘proof of reserve’ report within the digital forex sector.”

Mazars , Binance

Binance, the world’s largest cryptocurrency trade. Additionally stated. Mazars has hinted at a short lived suspension of labor with cryptocurrency exchanges around the globe. Together with Crypto Dotcom, Cucoin, and Binance.

Mazars defined that the rationale for the suspension was “involved about the way in which the Reserve Certificates Report is known by the general public.”

This report exhibits that the cryptocurrency trade has the funds of its prospects.

FTX collapsed

As issues concerning the digital forex market grew as FTX collapsed, exchanges have been making an attempt to show their monetary soundness by writing the report back to international accounting companies.

Binance launched a report written by Mazar on the seventh and Crypto Dotcom on the ninth, respectively, stressing that they’ve buyer property safely.

What do you suppose?

Currently, the cryptocurrency market is entering the dark ages again. It is showing a very stagnant part, and next year, the issue will be bigger due to the economic recession. What do you think will happen to the cryptocurrency market in the future?

When can the so-called fireplace come again? Bitcoin will collapse like this, right? Or will we be able to reach 100 million won by breaking through the connection point again? I’d appreciate it if you could freely share your opinions.

I strongly hope that further negative factors will be completed, the cryptocurrency market will be reorganized, and a lot of attention will be gathered again in the first half of next year!