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🗺 Binance Exchange Plans to Establish Multiple Regional Headquarters

It's planning to turn things around in its favor and grow the crypto ecosystem.

Hey Blockster, Crypto regulation is a tough subject both within and outside the digital asset industry.   One of the major outfits that feels the weight of these regulations are cryptocurrency exchanges, and in recent times, Binance, the world's largest crypto trading platform has come under intense scrutiny from regulators-including the South African Financial Sector Conduct Authority (FSCA).   In response to these scrutiny, Binance said it is halting its futures, options, margin and leveraged token trade to its South African users.    The exchange said all traders have 90 days to close their position, after which no one will be able to do so again.   Binance is the world's largest exchange by trading volume, and the company does not operate from a central headquarters, a situation that many regulators are not comfortable with.   Besides doing its due diligence to register its business in all the regions where it operates to avoid further regulatory crackdowns, the company's CEO, Changpeng Zhao said the firm will establish regional headquarters to interact more with market watchdogs.   With many countries a great fit for the company's headquarters establishment, Ireland is arguably one of the first favorites, according to a revelation made by the company CEO in a recent interview with Reuters.   To learn the details of the story, we highly recommend taking a look at this article on Blockdesk. We have more stories for you! Take a look below to stay updated with the latest happenings of the digital asset space: Why Is Bitcoin Mining So Hard? What Happens Behind The Curtains? – While you could run a profitable mining business using your personal computer in the early days, Bitcoin mining has become a tough job in 2021. But what is the reason behind this phenomenon? Solana Flips XRP In Surprising Growth Phase - Can Ripple Reclaim Its Spot? – The highly scalable blockchain Solana is having an excellent year so far. In addition to the rapid expansion of its ecosystem, its SOL token has achieved quite some growth in the past few months. As a result, it claimed the sixth spot from Ripple's XRP yesterday. Mining Crypto On A Mobile Phone? Here's How! – While crypto mining can be a difficult process, it doesn't mean that you need to use complex hardware to earn shiny coins by validating blocks. Instead, you can utilize something as simple as a smartphone for the activity. Check out this article to learn how! Decentralized Lending And Borrowing Is Gaining Traction – What You Need To Know – With the rise of the DeFi space, decentralized lending and borrowing protocols have gained quite some traction lately, offering users a way to generate a passive income and access extra capital by using their coins as collateral. That's all we got for you this week. Be sure to have a good rest until Monday, when we will return with a new batch of exciting cryptocurrency stories! Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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