Binance Gets NY Financial Services’ Nod for Its USD-Pegged Stablecoin The exchange is expected to ramp up its services in the US. Arnab Shome News (CryptoCurrency ) Monday, 06/01/2020 15:40 GMT+2 2020-01-06T13:40:30+00:00 2020-01-07T19:56:32+00:00. Photo: Binance CEO Changpeng Zhao. Share this article. Finance Magnates Telegram Channel; Global crypto exchange Binance has received ... The U.S. arm of cryptocurrency exchange Binance is opening for registration and deposits on Wednesday. The platform will go live supporting just six cryptocurrencies initially – bitcoin, (BTC ... Bitcoin Regulation Binance and Kraken May Be Operating Illegally in NY State. Georgi Georgiev Sep 20, 2018 05:00 . Share. Tweet. Send . Share. According to the Attorney General of New York, three crypto exchanges namely, Binance, Kraken, and Gate.io, may be in violation of digital currency regulations in the state. Binance, Kraken, Gate.io Under the Gun. A new report by the Virtual Markets ... — Binance (@binance) January 6, 2020. Binance stablecoin now approved by NYDFS. As many are likely aware, Binance’s stablecoin — Binance USD (BUSD) — is a cryptocurrency backed by US dollars. The coin was developed and issued by Binance, in partnership with Paxos, which is a regulated financial institution building infrastructure to ... Binance’s BitLicense status may not hurt it in the short run. However, Wright notes that blockchain-based technology needs to comply with government regulations in order to be taken seriously by ... Users will also be able to buy BUSD on Binance.com for trading against three initial pairs: BUSD-Bitcoin (BTC), BUSD-Binance Coin (BNB) and BUSD-XRP. Paxos, which became the first approved and regulated company to offer crypto products and services when the NYSDFS granted it a limited-purpose trust charter in 2015, will serve as the USD custodian and issuer of BUSD. The regulated currency ... NY Regulator Proposes New Coin Listing Requirements . The New York State Department of Financial Services, the Bitlicense regulator, has published a proposed framework for licensed companies ... Binance's USD-backed stablecoin, BUSD, has received approval from the notoriously-stringent New York State Department of Financial Services. Binance's USD-backed stablecoin, BUSD, has received approval from the notoriously-stringent New York State Department of Financial Services. Become smarter in just 5 minutes. The latest on what’s moving markets, in your inbox every day. Subscription suc
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