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Business Matters: Crypto: Confidence crisis brew as auditing firm halts work

Crypto: Confidence crisis brew as auditing firm halts work

17/12/2022 GMT

BBC World Service - Business Matters, Crypto: Confidence crisis brew as auditing firm halts work

Accounting firm Mazars has halted its work for Binance as outflows accelerated to $6bn

The world’s largest cryptocurrency exchange, Binance has revealed that the auditor Mazars has stopped working with it as outflows from platform swelled to $6 billion following the collapse of FTX earlier in the week.

The website offering digital trading cards showing Donald Trump in guises such as a superhero, astronaut and Nascar driver says the items have already sold out. The announcement drew criticism and mockery, including from Republicans.

And as the month-long FIFA World Cup tournament draws to a close, we evaluate how the competition not only proved to be a tourism boom for host Qatar but also for neighbour – the UAE and in particular – Dubai.

(Its a difficult time for Cryptocurrency. Credit:Getty)

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Crypto: Confidence crisis brew as auditing firm halts work

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