❗️ Latest news from the world of Binance:
🏢 The cryptocurrency exchange Binance has announced that it has converted all assets of its SAFU fund into the stablecoin $USDC and now owns 3% of its supply. The fund's balance holds $1 billion.
💼 The company noted that using the verified $USDC increases the fund's reliability and guarantee.
🇮🇳 Insiders have revealed that Binance is ready to return to India, having paid a fine of approximately $2 million. The exchange will return as an entity registered under the Financial Intelligence Unit (FIU).
👤 According to an informant, Binance will comply with all applicable laws, including the Prevention of Money Laundering Act (PMLA) and the VDA tax system, "which it had previously disregarded."
📰 Moreover, Bloomberg reported today that the exchange has received a full cryptocurrency license in Dubai after Changpeng Zhao relinquished control of the local organization.
🇦🇪 It is noted that the regulator wanted to ensure that Dubai does not deviate from the agreement Binance reached with the US authorities, under which Zhao was forced to step down as CEO.
