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Binance Connect to go off air on August 16, 2023


Binance Connect, previously known as Bifinity, is tentatively scheduled to shut down on August 16, 2023. The crypto on-ramp and payment infrastructure went live on March 07, 2022. After a year, the service is all set to be blown out by the venture. A spokesperson did interact with the media,...

PayPal Halts Crypto Sales in U.K. Until 2024 to Comply With New FCA Rules


Online payment giant PayPal said it will temporarily pause crypto buying services in the UK to comply with the recent new rules for marketing cryptoassets enacted by the UK Financial Conduct Authority (FCA). In a message to its customers on Tuesday, PayPal said that the crypto sales would pause...

Singapore Announces Stablecoin Rules, MAS to Label Regulated Tokens


The Monetary Authority of Singapore (MAS) unveiled regulations aimed at ensuring the value stability of each stablecoin regulated in the city-state. Under the new rules, issuers that want their fiat-pegged tokens to be labeled as “MAS-regulated” will have to meet certain requirements. Singapore...

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