![]() ![]() Those who have cryptocurrency holdings on Binance can still collect them until August 17. More than 100,000 customers have already switched, according to Coinmerce CEO Jaap de Bruijn, and this number is expected to increase further. Now, when users log into their account with Binance, they can automatically transfer all their crypto coins to a Coinmerce account with a single button click. To make things easier for customers, Binance has signed an agreement with the Dutch crypto platform Coinmerce. It was still possible to trade on the platform until July 17, but now users can only withdraw their cryptocurrencies. Operating with the license is a requirement under the country’s Anti-Money Laundering and Anti-Terrorist Financing Act. The company did not receive a license from De Nederlandsche Bank, the central bank of the Netherlands. The platform is no longer allowed to offer its services in the country, and it has called on users there to withdraw their digital currencies from the platform before August 17.īinance, one of the largest cryptocurrency exchanges in the world, already announced in June that it would leave the Dutch market. Join us on Telegram and follow us on Google News.It is no longer possible to execute trades on cryptocurrency platform Binance while in the Netherlands. Want alpha sent directly to your inbox? Get degen trade ideas, governance updates, token performance, can’t-miss tweets and more from Blockworks Research’s Daily Debrief.Ĭan’t wait? Get our news the fastest way possible. Subscribe to Blockworks’ free newsletter now. Get the day’s top crypto news and insights delivered to your email every evening. Though South Korean prosecutors said last week Kwon was “ obviously on the run” from authorities, he denied those claims in tweets, saying at the time he did not “have anything to hide.” Interpol has issued a global request to arrest Terraform Labs founder Do Kwon, Bloomberg reported. The token’s market capitalization stands at roughly $2 billion. LUNC’s price - at a fraction of a cent - was up roughly 33% in the last 24 hours, as of about 1:00 pm ET Monday. But Zhao said on Twitter that Binance’s plan had changed, saying that the LUNC community was not happy with this approach and that it would take awhile to develop. LUNA stakers voted at the end of that month to rename the chain Terra Classic, with its native asset being LUNC.īinance said in a blog post Friday that the exchange would implement an opt-in button for people to agree to pay their 1.2% tax for their LUNC trading. The move came after the Terra blockchain imploded in May following algorithmic stablecoin terraUSD (UST) losing its peg to the dollar and the collapse of the LUNA token. The Terra community previously approved a proposal to introduce a 1.2% tax burn for on-chain transactions of LUNC and USTC on Terra Classic network. The specific amount of LUNC to be burned, its equivalent value in USDT, and on-chain transaction ID will be updated each week. The trading experience and liquidity remain the same, and Binance can still contribute to the supply decrease of LUNC, which is what the community wants.” The burn is paid at our expense, not the users,” CEO Changpeng Zhao tweeted. “Fees will be converted to LUNC then sent to the burn address. The crypto exchange is set to burn all trading fees collected on Binance for spot and margin trading pairs of LUNC and Binance USD (BUSD), as well as LUNC and Tether (USDT), the company said Monday. The LUNC community wasn’t a fan of the crypto exchange’s original plan to have an opt-in button for people to pay the taxīinance intends to burn trading fees on Luna classic (LUNC) - after Terra governance token holders voted to implement a relatively rare 1.2% tax for on-chain transactions to limit the token’s rapidly-rising supply.Binance to burn trading fees at exchange’s expense, not users’, CEO says. ![]()
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