Binance Announces SHIB’s Incorporation into the Supported Tokens’ List

Crypto giant Binance has declared to support Shiba Inu and has included the meme token in the series of tokens backed by the exchange. With this move, the SHIB consumers can carry out payments with the token at more than 60M merchants across the globe. In addition to this, 8% of the tax will be returned on the transfers and no FX or annual charges will be implemented on them.

SHIB Listed on Binance Card for EEA Residents and Ukrainian Refugees

In a post on the official website of the platform, Binance noted that its Binance Card will support AVAX, SHIB, and XRP. The crypto exchange asserted that at the moment Binance Card can be availed by those only those who are using Binance in the jurisdiction of EEA or are Ukrainian refugees living within the same region. The exchange mentioned a list of up to 14 crypto assets that Binance Card Supports in which XRP, USDT, SXP, SHIB, SANTOS, PORTO, LAZIO, ETH, DOT, BUSD, BTC, BNB, AVAX, and ADA are included.

The cryptocurrency exchange Binance and the credit card company Mastercard have just recently formed a partnership to launch a prepaid rewards card in the Argentine market.The respective move has been taken to assist the customers in spending crypto on the regular products within the country where a decline is being witnessed in the local currency because of the extreme inflation rates prevailing across the globe. With the card, the consumers will be able to purchase things as well as pay bills with crypto.

At the start of this month, the crypto exchange declared that it will release the Binance Account Bound (BAB). The platform disclosed that the status of being the earliest Soulbound Token (SBT) is secured by BAB that is to be constructed on the Binance Smart Chain (BSC). In the words of the crypto platform, the “Know Your Customer (KYC)” requirements would be necessary to be fulfilled by the users if they intend to utilize the BAB tokens.

SEC Persuades Investors to Avoid Investing in Binance

Nonetheless, contrary to this rapid expansion, the securities regulators are targeting the top crypto exchange. In this respect, recently, the Securities and Exchange Commission (SEC) of the United States has issued a warning to the common masses against the investment in Binance, citing that the cryptocurrency exchange is not compliant with the registration requirements for its business in the jurisdiction of Philippines.

The organization moved on to encourage the Binance customers to submit a complaint against the exchange for infringing the Securities Regulation Code. However, the crypto venue says otherwise. It emphasizes that they are completely abiding by the mission of the SEC for the security of the clients as their preference. The exchange revealed in a statement that they are in knowledge of the letter issued by the SEC that was published on 2nd August and that they have additionally written to the regulator, clarifying the ambiguous and false accusations in the complaint filed by Infrawatch.