Binance has integrated the Lightning Network
On July 17, Binance completed the implementation of the Lightning Network Bitcoin micropayment network for deposits and withdrawals. When making deposits, users can select LN as an option.
This week, the exchange also highlighted the dynamics of the digital asset industry for the six months of 2023 and announced that it will conduct its twenty-fourth quarterly BNB token burn. The platform removed 1.99 million coins worth over $484 million from circulation.
Kuwait has banned cryptocurrency transactions and mining
Kuwait's Capital Markets Authority (CMA) has said it is committed to an "absolute ban" on virtually all cryptocurrency transactions in the country.
According to the circular, the measures apply to payments, investments and mining. The CMA also banned local regulators from issuing any licenses allowing firms to “provide virtual asset services as a commercial business”.
