Binance U.S Secures Money Transmitter License From Nevada

The United States subsidiary of the world’s largest cryptocurrency exchange by trading volume, Binance U.S announced today that it has received a Money Transmitter Licence from the Nevada Department of Business and Industry, Financial Institutions Division. Markedly, this is the seventh nation granting such a license to the crypto giant.   In the past, states … Read more

Can Web3 be hacked? Is the decentralized internet safer?

Web3 came into existence posed as a blockchain-powered disruption to the current state of the internet. Yet, as a nascent technology, a fog of assumptions plagues discussions about the real capabilities of Web3 and its role in our day-to-day lives. Considering the promise of a decentralized internet using public blockchains, a complete transition to Web3 … Read more

Bangko Sentral ng Pilipinas Warns the Public About Unregistered VASPs

The Central Bank of the Philippines also known as the Bangko Sentral ng Pilipinas (Bangko Sentral) has issued a warning to citizens urging them to stay away from unregulated virtual asset service providers(VASP).    As contained in the published announcement, Bangko Sentral emphasized that virtual assets are a risky asset class with high volatility which … Read more

Digital Trader BHEX.SG Receives Standard Payment Institution License from MAS

The central bank of Singapore also known as the Monetary Authority of Singapore (MAS) has issued a standard payment institutional license to BHEX.SG, a digital assets trading platform. According to an announcement made by BHEX.SG, the acquisition of this license was through rigorous examination and investigations all conducted by the financial regulator, MAS.    The … Read more