Pakcoin to launch Merchants Payment System

In order to address the issue of price volatility, social entrepreneurs and developers developed Merchants Payment System "Adaigi" and are releasing it on June 25
18 June 2018   727

"Adaigi" - Pakcoin's Merchants Payment System is rolling out on June 25. The registration on the platform is KYC-compliant. It features a dashboard with a functionality to withdraw and send pakcoins. Dashboard can display a list of addresses of merchant and his employees with a Recent Activity log of the last 6 transactions.

Other features include:

  • security settings;
  • payment withdrawal;
  • conversion;
  • QR-code transactions;
  • withdrawal fee of 0.1 PKR;
  • multiple accounts

More details are available here. At the moment of publication, Pakcoin market indicators are as follows:

Average price 0.003691 USD
Market cap 208,428 USD
Volume (24H) 825 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.