Happy Friday! Binance Bytes is an initiative by the Research team to provide a quick round-up of the week.
Highlights 🧵:
1/ El Salvador plans to relax its requirement for local businesses to accept Bitcoin as payment, making it voluntary rather than mandatory. This shift aims to secure over $3 billion in loans, including a potential $1.3 billion loan from the International Monetary Fund (IMF).
2/ Binance has unveiled a new version of its wallet, the Binance Wallet, featuring a unified wallet, revamped airdrop zone, and a new interface. These upgrades emphasize the "Seamless" theme, aiming to enhance asset management, streamline airdrop access, and elevate the overall user experience, making the platform easier to navigate.
3/ The Hong Kong Government has gazetted the Stablecoins Bill to regulate issuers of fiat-referenced stablecoins in Hong Kong. Set for its first reading in the Legislative Council (LegCo) on December 18, the Bill aims to enhance the regulatory framework for virtual assets, address financial stability risks, ensure user protection, and leverage the benefits of virtual assets and their technologies.
Check out our latest publications from this week 🔎: The ETH Value Debate