Binance Turkey fined 8M lira for non-compliance against money laundering
MASAK found Binance Turkey guilty of violating the Law on Prevention of Laundering Proceeds of Crime, also known as the AML Law. Go to Source Powered by WPeMatico
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Finance Redefined: Binance leads $60M Multichain funding, Interlay raises $6.5M, Dec. 17–24
Binance Labs was the lead funder in a $60-million seed round, Interlay seeks to increase Bitcoin interoperability, Bent Finance and Grim Finance suffer million-dollar exploits — all coming to you in this week’s Finance Redefined. Go to Source Powered by WPeMatico
Binance introduces BNB Auto-Burn to replace quarterly burn protocol
BNB tokens will now be burned automatically based on a formula that includes blocks generated and BNB price. Go to Source Powered by WPeMatico
Dubai to Create Crypto Zone, Binance Joins Effort
The Dubai World Trade Centre will become a comprehensive ecosystem for cryptocurrencies and providers of related services. The move is part of efforts to support new industries and the emirate intends to source help from crypto companies like Binance. Dubai World Trade Centre to Host and Regulate Crypto Space Authorities in the United Arab Emirates … Read more
100 digital payment token firms in Singapore fail to win licenses: Report
The Monetary Authority of Singapore wants to support crypto and blockchain adoption in the country but it’s also willing to recognize the risks. Go to Source Powered by WPeMatico
100 Companies Fail to Obtain Crypto Licenses in Singapore Due to Tough Regulation
More than 100 companies that applied for a license to offer crypto services in Singapore have either been turned down or withdrawn their applications. “Cryptocurrencies could be abused for money laundering, terrorism financing, or proliferation financing due to the speed and cross-border nature of the transactions,” said the country’s central bank, the Monetary Authority of … Read more
Visa Partners With 60 Crypto Platforms to Let Consumers Spend Digital Currency at 80 Million Merchants
Visa’s head of crypto has revealed that the payments giant has partnered with about 60 leading crypto platforms “to launch card programs that make it easy for consumers to convert and spend digital currency at 80 million merchant locations worldwide.” He emphasized, “We’ve built a lot of momentum in this space, and we’ll continue to … Read more
Crypto Complaints Have Increased Significantly Says South Africa Financial Sector Ombud
Nonkumbulo Tshombe, an advocate with the Financial Advisory and Intermediary Services (FAIS) Ombud, recently revealed that her office has noted a significant increase in the number of cryptocurrency-related complaints during the 2020/21 financial year. Cryptocurrency Not yet Regulated An advocate with the South African office of the financial services sector ombudsman, Nonkumbulo Tshombe, recently revealed … Read more
Binance joins fresh crypto hub by Dubai World Trade Centre
Binance will assist crypto exchanges and businesses to become licensed in Dubai in cooperation with the local government. Go to Source Powered by WPeMatico
XRP’s Market Price Gains on Upcoming Sologenic Airdrop, XRP Whales Start Moving Millions
The digital asset xrp has gained more than 10% in value during the last seven days, shrugging off the losses a majority of crypto coins experienced last week. According to data from Whale Alert, someone moved 449.3 million xrp on December 19. Moreover, xrp holders are expecting to receive an airdrop from a project called … Read more
