Binance Labs Invests in Delphinus Lab
Binance Labs is accelerating the Web3 revolution by investing in Delphinus Lab, a pioneering infrastructure provider in the zkWASM market. This investment, made on August 21, marks the beginning of a new era for Web3 apps, promising increased security, privacy, and flexibility for developers and users. zkWASM is a technology that combines zero-knowledge (ZK) encryption […]
Binance Considers Legal Action Following Checkout.com Split
After abruptly deciding to terminate ties with the payment processor Checkout.com, Binance is considering legal action. The letters of termination from Checkout.com, which were sent out on August 9 and August 11, refer to regulatory issues, suspicions of money laundering, and compliance checks. However, Binance expresses a different viewpoint, claiming it disagrees with Checkout’s “rationale […]
Binance Applies for Taiwan AML Compliance
According to local sources, Binance is working on becoming compliant with Taiwan’s anti-money laundering (AML) rules. This suggests that the exchange is planning to enter Taiwan’s cryptocurrency industry. During a regulatory draft meeting, the Taiwan Financial Supervisory Commission stated that Binance is among the entities seeking approval for their AML procedures. To enter the region’s […]
Binance Japan to Rely on Liquid for Biometric Identity Verification
Binance is set to re-enter the Japanese market by partnering with Liquid, a biometric data authentication service, to meet Japan’s stringent KYC regulations. It makes use of an AI-based image processing system. It facilitates identity checks that adhere to the regional Japanese KYC rules. Gathering biometric information is crucial to KYC procedures. Due to privacy […]
Binance Granted Full Operating License in El Salvador
The cryptocurrency exchange Binance has recently obtained a complete license to operate in El Salvador, which supports Bitcoin. Today’s biggest cryptocurrency exchange, Binance, revealed that it has been granted a full operating license to service consumers in El Salvador. This achievement coincides with the nation’s growing acceptance of Bitcoin (BTC) as a legal tender. With […]