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Episode details

World Service,16 Dec 2022,26 mins

Auditor withdraws from working with crypto company as customers scramble to pull funds

World Business Report

Available for over a year

World’s largest cryptocurrency exchange, Binance has revealed that the auditor Mazars has stopped working with it following $6bn withdrawals this week. Earlier in the week, Binance experienced over $1bn worth of redemptions as fears mounted over the future of the crypto market. 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. (Binance is the world’s largest cryptocurrency exchange. Credit: Reuters)

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