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Binance.US Finally Opens Account Registrations with BNB Being on the List of Available Coins   

  • Alex Dovbnya
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    Binance.US has started accepting account registrations, but it is yet to transition into full trading

Binance.US Finally Opens Account Registrations with BNB Being on the List of Available Coins   
Cover image via news.u.today

Binance is now available for US customers along with Binance Coin, the exchange's native token. The US-based arm started accepting account registrations at 8 a.m. ET.

As reported by U.Today, Binance.US was expected to open its doors to 37 US states, excluding Washington and New York. However, the exchange’s CEO Catherine Coley claimed that they would be able to hammer out regulatory uncertainties in the future. 

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Meet Binance X: Top Crypto Exchange Launches New Platform for Supporting Developers

Meet Binance X: Top Crypto Exchange Launches New Platform for Supporting Developers

Binance announced that it would support six cryptocurrencies (Bitcoin, Tether USDT and four top altcoins). BNB, the exchange’s native token, was on the list of potential assets it was exploring for future listings.

However, BNB, which has been struggling to pick up steam as of recently, did end up among the basked of coins that will be available for trading from the get-go. As a result, its price spiked by approximately 11 percent over the last 24 hours.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Central Bank Cryptocurrency Can Arrive Faster Than You Think: ING Chief

  •  Denis Sinyavskiy
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    Mark Cliffe of ING believes that central banks will issue their own cryptocurrencies over the next 5 years or even faster.

Central Bank Cryptocurrency Can Arrive Faster Than You Think: ING Chief
Cover image via www.123rf.com

According to information from ING’s official website, Mark Cliffe, ING’s Chief Economist discussed the possibility of creating cryptocurrency by Central Banks, they may appear faster than everyone expects.

In addition to the ING’s Chief Economist, the discussion was attended by  ING's Lead Economist for Digital Finance, Teunis Brosens, IMF Economist, Priscilla Toffano and Phil Middleton from the central bank thinktank, OMFIF. During the conversation, it was said that the first official Central Bank cryptocurrency can be created within 5 years.

Expert’s thoughts on CB Cryptocurrencies

Teunis Brosens expressed the following thoughts about the existing banking system and why its own cryptocurrency will be a clear win:

“The existing financial infrastructure is quite outdated. It’s expensive, it takes a lot of time, compliance is difficult and the central bank digital currency could be a new single technical infrastructure which is faster, cheaper, which makes is one go very easy. So it would be a big leap forward.”

Mark Cliffe himself considers cryptocurrency a necessity for banks, this is what he says:

“And this might open up a range of other options for the central banks to help support another economic activity in the next downturn.”

Foe of “global stableoins”

Central Banks cryptocurrencies can become an effective alternative to “global stablecoins”, such as Libra. In particular, banks have time to create their own digital coins due to the failures of Libra.

How do you think, how fast will it take for the first CB digital currency to come? Leave your thoughts in the comment section.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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