INS to release its wallet

Much anticipated Blockchain Platform by INS is on schedule with the launch of the cryptocurrency wallet on June 29
21 June 2018   956

A new open source cryptocurrency wallet by INS is coming worldwide on June 29. The initial release will support only web platform with iOS and Android versions to be added later. The wallet supports INS ERC20 and ETH tokens with BTC coming soon. Users will be able to perform transactions, receive payments and store funds.

INS Wallet Launch

Launch Summary

INS Ecosystem builds the next generation high-performance scalable blockchain platform with security protocols and smart contracts designed with the express purpose to meet an immense business scope with focus on the consumer markets (retail, consumer goods and services, logistics, etc). At the moment of publication, INS market indicators are as follows:

Average price 0.854392 USD
Market cap 25,888,862 USD
Volume (24H) 4,929,740 USD

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   297

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.

 

Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.