Israeli BTC services blocked due to watchdog's request

Israeli bank Leumi blocked transactions of popular cryptocurrency services
11 December 2017   1434

Such a decision is explained by the directive of the country's financial regulator to combat illegal gambling. This is reported by the Finance Magnates.

In particular, users reported that they received warnings about the impossibility of transferring payments to Bitcoin Service Coinmama using the bank's issued Leumi payment card. In the telephone mode, the bank's employees reported that the service was classified as a gambling site.

It should be noted that this information was confirmed in the bank's official letter to its clients.

As part of the framework of ongoing security activity and in light of the explicit instructions of the Bank of Israel (in accordance with the law prohibiting gambling in the State of Israel), Leumi Card monitors and blocks websites that execute gambling transactions. Leumi Card holders are not permitted to make transactions through them.
 

Leumi Letter

Meanwhile, the chairman of the Agency for Securities of Israel Shmuel Houser recently compared the fascination with crypto-currency with the gold rush of the XIX century. In doing so, he distinguished between bitcoin, blockchain technology and ICO.

Recall, in late November, the Ministry of Finance of Israel announced the formation of a working group on the study of digital currencies, which will include the heads of major audit firms and professional agencies

Binance to Launch BTC-Pegged Own Chain Based Token

In this way exchange wants to transfer crypto based on own blockchains to its ecosystem and  increase liquidity and trading volumes at Binance DEX
17 June 2019   158

In the coming days, Binance Exchange will launch a series of BEP2-tokens, tied to different cryptocurrency rates, on its own Binance Chain blockchain. The first token of this type will be BTCB - its rate is tied to Bitcoin.

BTCB is backed with bitcoins located in Binance reserves. The address for storing bitcoins has already been made publicly available, so that users can verify that the token has the necessary support.

In the future, the BTCB / BTC trading pair will be launched on Binance.com. With its help, users will be able to convert the original cryptocurrency into the Binance Chain token. The price spread in this case will be about 0.1%.

According to Binance, in this way it can transfer cryptocurrencies based on its own blockchains to its ecosystem and currently not represented in the Binance Chain. The company expects the launch of new tools to increase liquidity and trading volumes at Binance DEX.

While this approach is more centralized than atomic swaps, we believe it provides a higher degree of ease-of-use to most traders. And most traders are already trusting Binance.com to hold their funds anyway.
 

Binance Team

To date, Binance has independently reserved 9,001 BTC and released 9,001 BTCB. The BTCB / BTC trading pair on Binance.com will tentatively appear within a day, and an asset will be added to Binance DEX after approval of the relevant offer.