December 3, 2020

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Shortly from the Cryptoworld 25/02 | In New Jersey, all crypto businesses will have to be licensed – Binance adds support for another fiat currency and more

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Shortly from the Cryptoworld 25/02 | In New Jersey, all crypto businesses will have to be licensed - Binance adds support for another fiat currency and more

 

Binance adds support for another currency – this is the Hong Kong dollar

 

Binance now offers deposits and withdrawals in Hong Kong dollars without deposit fees. By adding Hong Kong dollars, users can freely exchange them for cryptocurrencies. Deposits are made possible through a partnership between Binance and Epay. Users can thus save using QR codes, transfer, SEPA, Fasapay, PM and other electronic deposits.

 

Earlier this month, the Stock Exchange added 15 more fiat currencies for its Visa and Mastercard purchases on its platform. Shortly before the announcement, the company also added Russian ruble pairs for its peer-to-peer trading platform. All these efforts suggest that Binance is trying to attract as many new people as possible to join the cryptocurrency market during this new bull market.

 

New Jersey lawmakers demand that all crypto businesses must be licensed

 

New Jersey lawmakers are now considering a new bill requiring crypto-currency firms to be properly licensed to operate. Yvonne Lopez proposed a law on digital assets and blockchain technology.

 

Legislation would set new requirements for digital currency businesses and create additional protection by requiring businesses to disclose their legal actions. They should do so by regularly publishing information on their progress in the fight against money laundering and terrorist financing.

 

Japan is considering creating its own digital currency

 

The leaders of the Japanese Central Bank, Ministry of Finances and the Financial Services Agency held a series of meetings to determine whether the country should become another in line where a government-approved digital currency would be introduced. The issues discussed include how the Japanese government, which would accept the central bank’s digital currency, would affect the world economy.

 

The country’s economy could benefit most from the adoption of the digital currency. However, like other countries, they face the same fears of hacking, financial crime and money laundering. Governor Haruhiko Kuroda said earlier in his statement that there was no demand for a state-approved digital currency in Japan, but people could still be interested once regulatory challenges and risks were properly addressed.

 

Tyler Winklevoss bought the most expensive space ticket for the BTC

 

Tyler Winklevoss, a bitcoin investor and co-founder of the Gemini crypto exchange, bought the most expensive space ticket. Purchases were made in 2014 for 312.5 BTC, which at that time was equivalent to $ 250,000. However, the investment in 2014 has appreciated to over 1000% to date and the price of 312.5 BTC would now be valued at more than $ 3 million.

 

Winklevoss described the purchase of a ticket as a pizza effect that took place in 2010. At that time, two pizzas were paid by the Laszlo Hanyecz programmer for 10,000 BTC, equivalent to over $ 97 million today.

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