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If the offer is accepted, 10% of all commission fees on Binance Smart Chain will be burned.
Binance will allocate $1 billion to develop the Binance Smart Chain (BSC) ecosystem.
Cryptocurrency exchange KuCoin has announced the closure of all mainland Chinese customer accounts after the People's Bank (PBOC) stepped up measures to combat cryptocurrency trading.
The head of the new Binance compliance department was Tigran Gambaryan, who worked for more than ten years as a special agent in the US Tax Service (IRS).
The cryptocurrency exchange announced new restrictions amid pressure from the regulator.
Former Ant Group and Uber executive Brian Schroeder has been named president of Binance's US operations, replacing Brian Brooks, who abruptly resigned in August after just four months on the job.
Representatives of the cryptocurrency exchange said that the Commission is threatening them with legal proceedings due to preparations for the launch of the landing program.
Yesterday, 200,000 BNB worth $100,738,776 were transferred from the crypto exchange from Binance to an unknown wallet.
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