๐ What's new in crypto? Check out the TOP 3 NEWS from 07/27/2019! ๐ฐ [CDF #7]
It's time for a short review of today's most important news from the crypto-world! ๐
๐ Binance introduces a new feature
The leading crypto exchange Binance has added support for many decentralized markets (DEX) to its Trust Wallet, integrating the Kyber Network protocol.
Binance acquired Trust Wallet, a decentralized open-source portfolio that initially offered native support for Ethereum and other Ethereum-based tokens in summer 2018. After extending the portfolio service to many other coins, in June Binance released the portfolio on its non-deposit Binance DEX platform.
After integration with the Kyber Network protocol - a dedicated platform for cross-transactional solutions - users will have access to a wider DEX ecosystem and will be able to exchange cryptocurrencies using Multi-DEX and an interface without an order book.
In the spring Binance revealed the details of his action plan for Trust Wallet, indicating that he was planning to support tokens based on PoS protocols, offer staking services and integrate Layer 2 payment protocols such as Lightning Network.
๐ Germany will implement new AML requirements
From next year, new anti-money laundering (AML) legislation will be implemented in Germany. The regulations will require cryptographic companies to have a license issued by the Federal Financial Supervisory Authority (BaFin), according to Cointelegraph Deutschland.
According to the publication, the new rules will require that cryptographic companies such as exchange sites and portfolio providers obtain a BaFin license and comply with the AML rules, as cryptographic assets will be considered a financial instrument from 1 January 2020. Democratic Party member Frank Schรคffler said that the government is harming local innovation and forcing cryptographic companies to move to other EU countries.
๐ The UK is considering a careful investigation of Libra
A parliamentary committee in the UK may decide to investigate the Facebook crypto project because it fears that it will have too much power.
Damian Collins, Chairman of the Digital Committee, Committee on Culture, Media and Sport, said to Financial News that given the company's poor privacy record so far, he is concerned that Facebook can properly protect the financial data of its millions of potential Libra users.
Collins, who led the British investigation into the Cambridge Analytica data scandal, said that in the case of Libra Facebook seems to be "almost trying to turn into its own country". Although it is not a country with borders, Facebook "has a global community that is under the supervision of Mark Zuckerberg".
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