The exchange has obtained authorization as an Electronic Money Institution from the UK's Financial Conduct Authority. The license allows the platform to issue electronic money and provide financial services.
Binance has introduced a pilot program enabling banks to custody trading collateral outside the exchange to mitigate counterparty risk for institutional investors. This initiative marks a significant step in combining traditional banking practices with blockchain tech.
The exchange has announced a new feature to send funds by simply sharing a link in any app, and a simple mode in its app for newcomers to the crypto ecosystem.
The exchange has announced a new feature to send funds by simply sharing a link in any app, and a simple mode in its app for newcomers to the crypto ecosystem.
The exchange has obtained authorization as an Electronic Money Institution from the UK's Financial Conduct Authority. The license allows the platform to issue electronic money and provide financial services.
Binance has introduced a pilot program enabling banks to custody trading collateral outside the exchange to mitigate counterparty risk for institutional investors. This initiative marks a significant step in combining traditional banking practices with blockchain tech.
A recent string of hacks on KyberSwap, Justin Sun-associated platforms and Raft expose deep-seated security flaws and show the need for advanced protection for users and investors.
The settlement might have been the best possible outcome for the exchange: no bank run, no more compliance issues, a fresh start. Meanwhile, the potential outcome for CZ is to be kept in the U.S. until his sentencing hearing.
