Category: Binance

Russia does ‘absolutely nothing’ to regulate crypto, RACIB head says

Russia does ‘absolutely nothing’ to regulate crypto, RACIB head says

Despite Russia adopting its first cryptocurrency law in January 2021, the country’s cryptocurrency market is still largely unregulated and is associated with a lot of uncertainty, according to a local industry advocate.Yury Pripachkin, head of the Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (RACIB), argued that the existing Russian crypto regulations are nothing more than “half-measures” that have nothing to do with systematic solutions.In an interview with local news agency RBC, Pripachkin referred to Russian President Vladimir Putin issuing multiple consecutive mandates to adopt crypto regulation over the past four years. The executive highlighted that the total market capitalization of cryptocurrencies surged from around $200 billion in 2017 to the current $2.7 trillion, but local lawmakers have essentially done nothing to capture this value:“Russia has done absolutely nothing to regulate the local cryptocurrency market, which accounts for 10% of the global crypto market,” Pripachkin said. He added that the size of the Russian crypto market is comparable to the annual federal budget revenue of $270 billion.Pripachkin claimed that Russia’s crypto law “On Digital Financial Assets” provides a legal basis to crypto in the broad sense but doesn’t define major industry terms like smart contracts nor does it regulate activities like crypto mining, issuance and taxation.The head of RACIB is not alone in thinking that the Russian cryptocurrency industry is largely a grey zone. Anna Maximenko, a counsel at the international law firm Debevoise & Plimpton, believes that the current crypto regulation in Russia is “limited to the definition of cryptocurrency” and a few other aspects like the ban on crypto payments.“Other aspects of cryptocurrencies’ turnover, including exchanges and requirements to the investors, are currently not regulated,” Maximenko told Cointelegraph. According to the expert, the absence of regulation leads to a situation where no crypto exchanges are registered in Russia, with residents still being able to use services of foreign crypto exchanges like Binance, Huobi Global, Paxful and others.Related: Bank of Russia to assess Bitcoin holdings volumes as $36B leave banks“Taking into consideration the Bank of Russia’s negative stance on cryptocurrencies, it may well be the case that there will be no Russian crypto exchanges, while foreign crypto exchanges will stay in a grey zone,” Maximenko said.The news comes as the Russian government shows increasing interest in cryptocurrencies like Bitcoin (BTC), with some ministries proposing to mine the cryptocurrencies with associated gas.However, the Russian government remains skeptical of Bitcoin when it comes to the interest of its own residents, with the Bank of Russia looking to limit transactions to crypto exchanges as crypto investment becomes extremely popular among local investors.

Flash Crash on Binance’s US Exchange Briefly Causes Bitcoin’s Price To Plummet by 87%

Flash Crash on Binance’s US Exchange Briefly Causes Bitcoin’s Price To Plummet by 87%

A flash-crash event on the Binance.US trading platform triggered a sharp drop in Bitcoin’s value, causing an abrupt 87% devaluation in the price of the leading crypto asset.
On October 21st, the price of Bitcoin briefly tumbled to a low of $8,200 from $65,952 on Binance.US, the arm of global crypto exchange Binance in the United States. Within five minutes, the value of the crypto surged back up to $65,000, negating all the losses from the massive sell-off.
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Binance Smart Chain Devs Propose Ethereum-Like Gas Fee Burning Mechanism

Binance Smart Chain Devs Propose Ethereum-Like Gas Fee Burning Mechanism

Developers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that the token would experience thanks to token burns. The proposal, called Binance Evolution Protocol 95 (or BEP-95), bears a striking resemblance to EIP-1559, an already implemented Ethereum proposal that also burns fees.
Binance Smart Chain Could Burn Gas Fees
Binance Smart Chain, the decentralized blockchain backed by Binance, could be implementing a gas-burning mechanism in the near future. Developers of the chain unveiled a proposal that points in that direction. The proposal, called BEP-95, would burn some of the fees that users spend to make transactions or to interact with smart contracts on the network.
Normally these fees would go to validators as rewards for securing the network. But with BEP-95, 10% of these funds would be burned depending on network activity. This percentage is subject to change, and members can change this number via community vote. According to the proposal, the goal of this new implementation would be to “speed up the BNB burning process and improve its intrinsic value by burning a portion of gas fees.”

Chasing Sustainability
Binance Smart Chain developers could be betting on this change to make BNB more sustainable. Currently, Binance conducts BNB burns that are announced on a regular basis. But the exchange only agreed to burn 100 million BNB tokens. After this number is reached, no more burns will be conducted by the exchange.
By changing the economic policy of the network, developers aim to ensure that the currency remains competitive, decreasing the amount of BNB in the market and making it more scarce. This move seems to be mimicking the proposal that Ethereum approved earlier this year, called EIP-1559, that also implemented burning a part of the fees that would normally go to miners. This new economic proposal seems to have contributed to the price growth that Ethereum has experienced since its approval.
BNB and Ethereum don’t have a max supply, so there is a common interest in keeping the issuance and supply in check to maintain price stability. The proposal is still in its initial stages, and could change before being implemented on the BSC blockchain.
What do you think about Binance Smart Chain devs proposing to burn BNB coming from gas fees? Tell us in the comments section below.

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Altcoin Roundup: Holding Bitcoin? Here’s how to put it to work in DeFi

Altcoin Roundup: Holding Bitcoin? Here’s how to put it to work in DeFi

The long-awaited day finally came on Oct. 19 as the first Bitcoin (BTC) exchange-traded fund (ETF) went live on the New York Stock Exchange, thrusting the crypto asset into the limelight across mainstream news outlets and alternative media alike. Despite the fact that the ETF in question will hold no actual Bitcoin and is instead a futures-based instrument, investors and pundits across the ecosystem have largely hailed its launch as proof that Bitcoin has hit the big leagues and will soon surpass the coveted $100,000 price target.Many investors either don’t have access or will choose not to interact with the newly launched EFT, but holders can still use a variety of strategies to earn a yield on their BTC holdings. Here’s a look at some strategies BTC holders can use to earn a yield. DeFi meets BTC in BadgerDAOBadgerDAO is an open-source protocol built on the Ethereum network that has the specific goal of building products and the required infrastructure needed to simplify the integration of Bitcoin into decentralized finance (DeFi). Currently, BadgerDAO has the most extensive list of BTC paired pools where investors can provide liquidity.BadgerDAO Bitcoin yield offerings. Source: BadgerDAOAs seen in the image above from the BadgerDAO dashboard, there are different offerings from the simple staking of Wrapped BTC (wBTC), which can earn a yield ranging from 1.22% to 27.98% depending on the terms of the lockup, to the staking in more complex liquidity provider (LP) strategies like the renBTC/wBTC/sBTC pool, which offers a yield ranging from 7.07% to 45.37%. It is important to note that there are risks involved with wrapping BTC and RenVM because a user must relinquish control of the original BTC in order to obtain either wBTC or renBTC, violating the crypto code of “not your keys, not your crypto.” For LP tokens that pair BTC with other cryptocurrencies such as Ether (ETH), BADGER or stablecoins like Tether (USDT) and USD Coin (USDC), holders must also consider the possibility of suffering an impermanent loss if the price of Bitcoin increases by a significant amount compared to the other token it is paired with. Trader JoeTrader Joe is the largest decentralized trading platform by total value locked (TVL) on the Avalanche network, according to data from Defi Llama, with $2.18 billion worth of assets currently on the protocol. Bitcoin-related pools on Trader Joe. Source: Trader JoeUsing wBTC on the Avalanche Network requires another layer of wrapping that produces wBTC.e, which can then be traded on the network or used to provide liquidity. At the time of writing, Trader Joe is offering a yield on three LP tokens, including a return of 26.223% for the wBTC.e/AVAX pair, 16% for the wBTC.e/USDC.e pair, and 11.9% for the wBTC.e/USDT.e pair. All rewards are paid out in the protocol’s native JOE token. RaydiumRaydium is the top-ranked DeFi protocol on the Solana network, according to data from Defi Llama, and currently boasts a TVL of $1.77 billion. Users who wish to use their BTC on Solana have the option of pairing it with USDC, USDT, Serum (SRM) and a wrapped form of Solana known as mSOL.Bitcoin-related pools on Raydium. Source: RaydiumThe yields offered range from 5.16% to a high of 14.27%, with all rewards paid out in the platform’s native RAY token. PancakeSwapPancakeSwap is the No. 1 ranked protocol by TVL on the Binance Smart Chain (BSC) with data from Defi Llama showing that $5.39 billion worth of tokens is currently locked on the protocol. In order to utilize Bitcoin on the BSC, it must first be wrapped to become BTCB, which can then transact on the network. Bitcoin-related pools on PancakeSwap. Source: PancakeSwapAt present, PancakeSwap is offering a 5.44% return for the BTCB/ETH pair, a 15.82% return for the BTCB/BUSD pair (Binance’s stablecoin, Binance USD) and 20.79% for the BTCB/BNB pair. All rewards are paid out in the protocol’s native CAKE token. Related: Valkyrie Bitcoin futures-linked ETF launches on Nasdaq, with share prices dropping 3% in first hourDecentralized Bitcoin futuresDYdX is a decentralized perpetual futures trading platform that made waves back in September when it airdropped thousands of dollars worth of its native DYDX governance token to early adopters of the platform. Similar to the ProShares Bitcoin Strategy ETF, trades made on the dYdX protocol do not settle in actual Bitcoin but instead in a USD stablecoin, so BTC stakers may not be too interested in the protocol if directly increasing Bitcoin holdings is the only goal. However, as opposed to trading a government-regulated futures product that is only available when the traditional markets are open, dYdX offers the decentralized, 24/7 trading environment that the crypto faithful have grown to love.Want more information about trading and investing in crypto markets?The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Solana Moves Into 6th Largest Crypto Market Cap Position — SOL Valuation Targets Cardano’s Rank

Solana Moves Into 6th Largest Crypto Market Cap Position — SOL Valuation Targets Cardano’s Rank

The crypto asset solana has managed to capture more than 12% in gains during the last 24 hours and has recently positioned itself as the sixth-largest cryptocurrency market capitalization. The crypto asset’s overall market cap is around $62.2 billion, only 11% away from surpassing cardano’s market valuation at $69 million.
Solana Takes the 6th Spot, Market Valuation Nears Cardano’s Market Cap
On Friday, the crypto asset solana (SOL) has managed to take the sixth position in terms of the world’s largest crypto market valuations. At the time of writing SOL is swapping for over $203 per unit and is up 12.4% over the last day. Seven-day statistics indicate that solana has gained 37.5% this past week and during the last 30 days, SOL is up 68.2%. After the digital currency captured the sixth largest crypto position, a great number of people discussed the crypto asset on social media.
Friday, October 22, 2021, SOL/USD.
At 1:30 p.m. (EDT), the hashtag #solana had around 97,900 tweets with the hashtag present in the tweet. The fifth-largest market cap holder, cardano (ADA) has lost 1.0% during the last seven days and if SOL keeps up the pace, ADA could lose its position. ADA already dropped a few notches to the fifth position after it held the third-largest crypto market cap for months. Each ADA is exchanging hands for $2.14 and the crypto asset has a market valuation of around $69 million which is less than 11% higher than solana’s.

While Cardano Holders Saw 1,936% Gains in a Year, Solana’s Year-to-Date Price Increase Jumped 10,868%
Now, year-to-date, ADA has seen massive gains collecting more than 1,936% in value. However, solana’s year-to-date gains have been considerably larger as SOL investors made 10,868% in gains. While the crypto asset solana is doing better than cardano price-wise, SOL also has $6.57 billion in 24-hour global trade volume, while ADA has $2.1 billion today. The top five pairs swapping with SOL today include USDT, USD, BTC, BUSD, and EUR with USDT commanding 42.71% of all SOL trades.
Friday, October 22, 2021, ADA/USD.
ADA’s top trading pair is also tether (USDT) as the stablecoin captures 60.6% of all ADA swaps. The USDT/ADA pair is followed by BTC, USD, BUSD, KRW, EUR, and ETH in terms of cardano’s top seven trading pairs. Coingecko statistics show the most active cryptocurrency exchange swapping solana (SOL) on Friday is Binance. Market data on October 22, indicates that the most active exchange trading ADA is Binance as well.
What do you think about solana skyrocketing in value and capturing the sixth largest crypto market cap? Let us know what you think about this subject in the comments section below.

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New proposal aims to raise Binance Coin value by burning BSC fees

New proposal aims to raise Binance Coin value by burning BSC fees

Amid the ongoing rally of Binance’s native token, Binance Coin (BNB), the developers of Binance Smart Chain (BSC) have proposed more measures to maintain the token’s deflationary model and improve its intrinsic value.According to a new Binance Evolution Protocol, BEP-95, BSC developers are considering introducing a real-time burning mechanism for a portion of gas fees to reduce BNB supply and drive BNB value higher by increasing the demand. According to the BEP, BNB holders will decide how to dispatch the BSC gas reward.Releasing the proposal on Friday, BSC developers noted that the new BEP might decrease the total amount of BNB that validators and delegators obtain from staking. The burning mechanism will be enabled by introducing governable parameters for two system smart contracts for collecting gas fees.Created by Binance in 2017, BNB is a deflationary token by design, meaning that Binance burns a percentage of the BNB supply every three months to maintain the token’s value. Binance will stop burning BNB once 50% of the initial supply has been burnt and only 100,000,000 BNB remain.The latest BNB token burn took place last Monday, with Binance burning 1,335,888 BNB ($640 million) in its 17th quarterly burn.The proposal comes amid BNB seeing a major rally recently, with the token breaking above $500 on Wednesday. At the time of writing, BNB is the third-largest cryptocurrency by market capitalization after Bitcoin (BTC) and Ether (ETH). The token is trading at $495, up around 44% over the past 30 days. BNB’s all-time high was recorded in May 2021, with the token surging to as high as $686, according to CoinGecko.Related: Ethereum miners are hoarding a record $70B in ETH following EIP-1559 activationThe latest BIP, which occurred in August, is similar to a new transaction fee mechanism implemented for Ethereum’s London upgrade. According to Etherchain, the current average ETH burn rate amounts to 3.76 ETH or $15,448 per minute.

As the Crypto Economy Nears $3 Trillion, Top 10 Crypto Exchanges Hold Over $206B, More Than 7%

As the Crypto Economy Nears $3 Trillion, Top 10 Crypto Exchanges Hold Over $206B, More Than 7%

The crypto economy has come awfully close to nearing the $3 trillion handle as far as the value of all 10,000+ crypto assets is concerned. Today, crypto market aggregation sites show the entire crypto-economy at $2.756 trillion is worth more than the value of Apple’s market cap at $2.467. Furthermore, the top ten crypto-asset exchanges, in terms of cryptocurrencies held in reserves, hold more than $200 billion or 7.47% of the entire crypto economy.
10 Centralized Crypto Exchanges Hold 7.47% of Crypto Economy’s Value in Custody
Digital currencies are far more valuable today than they were a month ago and the crypto economy is coming close to topping $3 trillion in value. The whole crypto-economy surpassed Apple’s overall worth this past week as bitcoin (BTC) became the sixth-most valuable asset on earth and ethereum (ETH) is now the 15th-largest global asset. While BTC has a $1.2 trillion market cap, ETH commands a market valuation of over $500 billion.
Top five cryptocurrency exchanges in terms of digital assets held in custody on October 21, 2021.
Meanwhile, the top ten crypto asset trading platforms, in terms of cryptocurrencies held in reserves, hold 7.47% of the entire crypto-economy under custody. The top ten crypto asset exchanges that hold the most value in crypto assets in custody are Coinbase, Binance, Huobi Global, Kraken, Okex, Gemini, Bitfinex, Bittrex, Bitmex, and Bitflyer respectively. All ten of these exchanges on Thursday, October 21, 2021, hold approximately $206.263 billion using today’s exchange rates.

Coinbase Commands 35% of the $206 Billion Held in Reserves by Top 10 Trading Platforms
The “Exchange Transparent Balance Rank” data on Thursday is provided by Bituniverse with help from Peckshield, Etherscan, and Chain.info. Out of the whopping $206 billion held on centralized exchanges, Coinbase holds 35.84% with $73.84 billion held in reserves. Binance holds 14.78% of the $206 billion with $30.46 billion. Both Bitmex and Bitflyer hold the least amount of crypto reserves in the top ten positions, with Bitmex holding $7.27 billion and Bitflyer holding $4.89 billion in crypto reserves.
All ten of these exchanges combined hold more value than the overall market capitalization of Fortune 500 companies like Comcast, Pfizer, Cisco, Coca-Cola, and Intel. It’s safe to say that the top ten crypto exchanges in terms of crypto reserves held in custody are becoming heavyweight behemoths in the world of finance, thanks to the growing value of the crypto economy.
What do you think about the top ten crypto exchanges holding $206 billion in cryptocurrencies? Let us know what you think about this subject in the comments section below.

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Bitcoin price flash crashes by 87% to $8K on Binance US

Bitcoin price flash crashes by 87% to $8K on Binance US

Bitcoin (BTC) crashed to just $8,100 on Oct. 21 — but only if you were trading on Binance’s dedicated United States exchange, Binance U.S.On Thursday, Binance U.S. suddenly printed a one-minute candle which took BTC/USD from $65,815 to $8,200 — a drop of 87%.”Shouldn’t be happening”In what traders call a “scam wick,” the one-minute BTC/USD differed dramatically from other major exchanges, which logged a one-minute candle with a floor around $64,200.The phenomenon has occurred more frequently in recent days, with Bitstamp also seeing freak order book events. The scope of the Binance U.S. error, however, was in a league of its own, and did not go unnoticed by market participants.”Well done Binance U.S.,” popular Twitter trader Crypto Chase summarized.”Good thing Americans are forced on to these dogshit exchanges where they can get completely scammed on unreasonably thin books. This type of shit just shouldn’t be happening. It’s not fair that some get stopped out and some stay in, some get fills and some don’t.”BTC/USD 1-hour candle chart (Binance). Source: TradingViewCrypto Chase referred to the implications sudden erratic price movements on exchanges, these serving to liquidate traders who should have retained their positions.The debacle was tinged with irony, coming just as Binance CEO Changpeng Zhao, known as CZ, warned about incoming volatility.”Expect very high volatility in crypto over the next few months,” he tweeted on the day.Leverage builds in overly long marketMeanwhile, concerns were also mounting Thursday that leveraged traders had taken on more risk than they could chew.Related: Bitcoin futures ETF hits $1B AUM in a record-breaking two daysA look at funding rates across exchanges hinted at excessive optimism, with traders going long BTC en masse — a classic indicator of a correction.Funding rates had increased significantly in the hours after BTC/USD passed its recent all-time high and went on to hit $67,100.Bitcoin funding rates chart. Source: Bybt

Binance USD (BUSD): A Case Study for Stablecoin Compliance and Security

Binance USD (BUSD): A Case Study for Stablecoin Compliance and Security

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Binance USD (BUSD) has become one of the fastest-growing cryptocurrencies in the world, with a variety of use cases and growing demand amid the continued growth of the crypto markets. A key component to BUSD’s success is its unwavering compliance to the world’s most stringent regulatory standards, ensuring safety and security for all of the stablecoin’s users.
Stablecoins have emerged as major players in the crypto market this year, driven by user demand for flexible liquidity in fiat currency terms. These cryptocurrencies, whose market values are pegged to the worth of certain assets like the U.S. dollar, have also been important assets in the growth of decentralized finance (DeFi). There is $120 billion worth of stablecoins in circulation as of September 1, according to CoinMarketCap.
Amid the rise in demand for stablecoins, various segments of the crypto industry have brought up questions about the veracity of the 1:1 peg of major stablecoins to their backing assets, like the U.S. dollar and other fiat currencies. After all, if the issuers of stablecoins are not able to show that each unit of their tokens can be exchanged for the equivalent amount of the backing asset, there will be serious doubts about the credibility of these tokens, resulting in adverse market effects.
Therefore, when Binance launched BUSD with Paxos in 2019, utmost importance was put towards making sure that every unit of the stablecoin can be verifiably backed with U.S. dollars, therefore giving its users peace of mind and giving more credibility to a stablecoin industry beset by trust issues.
BUSD: A Case Study of Stablecoin Compliance and Safety
BUSD is a 1:1 U.S. dollar-backed stablecoin regulated by the New York State Department of Financial Services (NYDFS), issued by Paxos, a regulated blockchain infrastructure platform. Since then, BUSD has emerged as the third-biggest stablecoin in the world, with a market cap now above $12 billion and a user base of about 1.1 million people.
As a result of BUSD becoming the stablecoin of choice for millions of cryptocurrency users, we see a number of characteristics that show the merits of having a stablecoin that has prioritized user safety and compliance to regulatory and public standards.
1. Actual, Audited, and 100% Cash and Cash-Equivalent Reserves
As mentioned above, BUSD is one of few stablecoins in the world backed with actual cash. According to a current reserve report from Paxos, 100% of BUSD’s total market capitalization is backed by cash and cash equivalent reserves.

The issuance of Paxos provides a glimpse of the lengths that Binance has gone to ensure that BUSD is an above-board crypto-financial product. BUSD is one of the few stablecoins that provides monthly audited reports of reserves. Everyone can independently verify at specific points in time that the entire supply of BUSD tokens is consistent with USD in reserve accounts at U.S. banks held and managed by Paxos.
Ultimately, the audits and measures that are implemented to verify BUSD’s asset holdings solve one of the main concerns by regulators regarding the existence of actual reserves that back stablecoins.
2. Regulatory Trust and Insurance
With stringent measures such as the aforementioned monthly audits, BUSD adheres to the highest compliance standards, particularly by NYDFS, regarded as one of the most stringent when it comes to compliance requirements.
Why is having a regulator essential to the stablecoin business?
In August 2020, BUSD became “Greenlisted” by the NYDFS, making it pre-approved for custody and trading by any of the NYDFS’ virtual currency licensees.
Unlike most stablecoins that claim to be compliant, the BUSD business and its issuer Paxos are regulated by NYDFS, This means:
-The value of each stablecoin token is tied directly to the value of the US dollar, and the amount of “reserve” dollars equal or exceed the number of stablecoins outstanding.
-Regulators are overseeing the establishment and maintenance of reserves backing the stablecoins.
-Reserves may only be held in the safest forms, such as FDIC-insured bank accounts and in short-term maturity US Treasury instruments.
-Reserves are fully segregated from corporate assets, specifically for the benefit of token holders, and are held bankruptcy remote pursuant to the New York Banking Law.
Regulatory oversight is important because it assures stablecoin users that the dollars underlying their stablecoins are secure and will be immediately available when they want them. The NYDFS ensures the Trust companies, like Paxos, and their individual tokens are following its strict rules at all times.
3. Growing Use Cases
In less than two years since its debut, BUSD has become one of the fastest-growing cryptocurrencies while featuring a variety of utilities, from trading to lending and payments.

Stablecoins like BUSD play a critical role in the world of decentralization and in providing a solid foundation for the continued growth of DeFi (decentralized finance). BUSD is widely used in Binance Smart Chain (BSC) and Ethereum when it comes to trading, lending, and other scenarios. According to the BSC Project, there are currently more than 400 decentralized applications that support BUSD. On April 21, 2021, the single-day transfer amount of BUSD reached a peak of $261 billion, across 737,000 transactions on BSC.
The combination of ample regulatory compliance, trading volumes, and user interest in BUSD presents a case where private-driven financial innovation via blockchain technology can be pursued while staying compliant with user protection mandates stipulated by the world’s top regulators.
Why Strive for Compliance?
The rise in stablecoins has sparked discussions by regulators regarding the challenges they potentially pose to money markets. Making sure that each unit of a stablecoin can be exchanged for an equivalent unit of its backing asset is a matter of public interest, because deficiencies related to that characteristic can lead to general mistrust in the crypto markets. In the long term, the overall cryptocurrency industry suffers if these concerns aren’t addressed.
With BUSD’s emphasis on compliance, we can safeguard the trust of both users and regulators in stablecoins, while opening opportunities for the private and public sectors to cooperate in establishing stablecoins as an important asset class in the global economy. When more stakeholders show acceptance to stablecoins, particularly trusted ones like BUSD, more avenues for growth opportunities open up.
Ultimately, it takes global cooperation to realize crypto mass adoption, and therefore a better global financial framework. At Binance, we believe in facilitating this in a healthy way, through proactively collaborating with local regulators and leading the industry to a common destination: to benefit and protect users. In a recent virtual press conference, Binance CEO Changpeng “CZ” Zhao said, “Our view is that it’s great for the regulators to be coming in… to get to 10%, 20%, 80%, 99% [crypto] adoption.”
Therefore, it is important for us to maintain BUSD’s status as one of the world’s safest and most compliant stablecoins, for the sake of long-term progress in the industry.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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