Community News:
1. Binance: BTC reserve proof has passed Mazars audit, confirming that the reserve ratio is 101% correct
Binance posted on Twitter that the BTC reserve proof report of the Binance platform audited by Mazars, a global financial audit, tax and consulting company, has been released. According to the Mazars audit results, as of November 22, 2022 (BTC block height 764327), the net balance of BTC of users on the Binance platform was 575742.4228, and the reserve ratio was 101%.
2. Binance.US announces cancellation of Ethereum transaction fees
Binance.US announced that it will cancel Ethereum transaction fees, including ETH/USD, ETH/USDT, ETH/USDC and ETH/BUSD trading pairs. In addition, Binance.US will also provide additional transaction fee discounts for users who use BNB to pay transaction fees. (CoinDesk)
Industry News:
1. Nomura Holdings will increase investment in its crypto subsidiary and plans to achieve profitability within two years
Nomura Holdings CEO Jez Mohideen said that Nomura's crypto subsidiary Laser Digital plans to add 50 employees by March and use the FTX incident as an opportunity to gain more institutional clients. (Bloomberg)
2. Signature Bank will reduce cryptocurrency deposits by up to $10 billion and exit the stablecoin business
Joe DePaolo, CEO of Signature Bank of the United States, said at an investor conference held by Goldman Sachs Group on Tuesday that it would reduce cryptocurrency deposits by $8 billion to $10 billion. In addition, Signature Bank also hopes to exit the stablecoin business. (CoinDesk)
Policies and Regulations:
1. Nigeria restricts cash withdrawals to promote CBDC adoption
Nigeria’s Central Bank has restricted cash withdrawals in an effort to push consumers toward alternative currencies, including its central bank digital currency (CBDC) eNaira. (Decrypt)
2. Japan may restrict algorithmic stablecoins
A document released by the Japanese Financial Services Agency shows that the country's regulators may restrict algorithmic stablecoins. In November this year, Tomoko Amaya, deputy director of international affairs of the Japanese Financial Services Agency, gave a speech at a roundtable held by OMFIF, which was made public today. In his speech, Amaya pointed out that "the proposed assessment believes that stablecoins must not use algorithms to stabilize their value and strengthen the protection of redemption rights." (Cointelegraph)