⚡Binance Obtains Two Key Licenses In Canada and Bahrain.

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    ⚡Binance Obtains Two Key Licenses In Canada and Bahrain.

    Hey Blockster,

    If you have been actively following our newsletter and reading the articles on Blockdesk, you already know then that Binance has been facing a major regulatory hurdle in the past few months.

     

    Starting with the UK's Financial Conduct Authority (FCA), the crypto exchange has been highly criticized and warned by regulators in numerous nations amid a global crackdown against Binance's unlicensed services.

     

    As a result, the company had to partly or entirely halt its offerings in multiple jurisdictions, such as in Singapore, where it has recently withdrawn its license application that would allow the exchange to serve the country's citizens.

     

    At the same time, Binance has remained laser-focused on achieving better compliance with regulators, with the ultimate goal to feature a license in all jurisdictions where it offers services for citizens.

     

    Now, as the company recently became a licensed entity in both Canada and Bahrain, Binance has achieved a critical milestone in this field.

     

    Check out this article on Blockdesk to learn the details of the story.

    Want to read more cryptocurrency stories? Look no further; you can find all the articles we have collected for you today below:

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    Filecoin (FIL) Vs. Storj (STORJ) — Battle Of Crypto Storage – While centralized providers like Dropbox and Google Drive offer convenient ways to store your files in the cloud, they face some crucial fundamental issues that can be only fixed by decentralization and blockchain tech. But which crypto storage service should you choose: Filecoin or Storj?
     
    Colony Lab On Target For $21 Million Raise — About The Project – Have you heard about Colony Lab? If you haven't, then you should know that it's a DAO that raises funds from contributors and invests them in projects within the Avalanche ecosystem. And, it seems that Colony is on the right track for its $21 million milestone in this field.
     
    India Set To Make Crypto Tokens An Asset Class — What This Means? – Cryptocurrency regulation in India is a bit confusing, as lawmakers had already tried to restrict or ban activities related to coins in the past. However, it seems that crypto could soon be recognized as an asset and a currency in the near future.

    Hope you enjoyed today's crypto stories. If you want to read more, be sure to check back tomorrow, as we will return with our newest collection. See you then!

    Cheers,
    The Blockster Team
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