SPB Exchange will issue DFAs for Chinese shares, Binance again lost the right to work in one country, and was also left without a banking partner - the main results of today in the BeInCrypto digest
Today, the bullish sentiment is waking up in the cryptocurrency market. Most cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), rose in price at the end of the day.
The current bitcoin exchange rate against the dollar is $30,556
What's up with Binance today
Cryptocurrency exchange Binance was denied a license to operate in Germany. Now, without a license, the company will not be able to advertise its services. Financial regulator BaFin also denied a license to store cryptocurrency, but did not provide details. Binance representatives also said they would not share details of conversations with regulators.
Binance, the largest cryptocurrency exchange, has lost its European banking partner Paysafe Payment Solutions Limited. Paysafe will stop processing bank transfers in euros from September 25, 2023. In addition, the British digital bank Nomo Bank has imposed restrictions on bank transfers to Binance addresses.
What's on the market today
The Bank for International Remittances (BIS) has chosen the decentralized exchange Curve to test the turnover of cross-border digital currencies of Central Banks. Curve will be used exclusively as part of the CBDC experiment. The choice of Curve is due to the ability to maintain minimal slippage of quotes and adjust profit parameters for buyers of the Central Bank's digital currency. BIS is testing cross-border CBDCs with France, Switzerland and Singapore as part of the Mariana project.