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Binance joins Neo Council, 2.1 million NEO used to secure two Top 21 positions

Binance Staking has secured two positions on the Neo Council. At the time of press, Binance has voted with approximately 2.1 million NEO to secure its places in the Top 21. Binance is the world's largest custodial exchange with nearly US $9.07 billion in 24-hour volume, according to CoinCap.io. Binance Staking is a service that allows users to earn distributions offered on proof-of-stake or other networks that distribute rewards to participants. The platform provides two types of staking: flexible and locked. Flexible staking offers fewer rewards but allows users to move the underlying assets at any time. Locked staking requires users to deposit a token for a specific time frame but provides higher yields. For example, a minimum of 0.01 NEO locked for 15, 30, 60, or 120 days will earn increasing yields of 5.79%, 7.49%, 8.79%, and 13.56% (made in GAS distributions), respectively. In the announcement post, Neo Global Development said "Binance Staking's new membership in the ...
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11 Japanese Bitcoin Exchanges Earn Regulatory Licensure


Eleven Japanese bitcoin exchanges have been granted approval to operate under the country's new financial services regulations.

Though home to one of the most infamous events in cryptocurrency history — the collapse of bitcoin exchange Mt. Gox — Japan has largely embraced cryptocurrency, and regulators have stated a desire to promote "sound market development."

To that end, Reuters reports that Japan's Financial Services Agency (FSA) has announced that it has approved 11 domestic bitcoin exchanges to operate within the country. Registration with the FSA had become necessary as part of the April bill that recognized bitcoin as legal tender and eliminated the consumption tax on purchases at bitcoin exchanges.

In the months following this legalization, bitcoin adoption has surged within Japan, and the country has become a central hub for Asia's crypto-economy in the wake of China's ICO and bitcoin exchange ban.

Now that bitcoin is recognized as a legal payment method, cryptocurrency exchanges are subject to increased security guidelines, including segregating funds in customer accounts, verifying customer identities to combat money-laundering, and having adequate systems and policies in place to prevent cyber attacks. The FSA has also stated it will put bitcoin exchanges under "full surveillance," which may include on-site inspections.

Notably, bitFlyer–whose BTC/JPY trading pair regularly ranks as one of bitcoin's top three highest trading volumes–was one of the exchanges licensed during this first round of approval.

Quoine, another cryptocurrency exchange to receive licensure, issued a statement saying they will continue to work with regulators to promote the "healthy development of the cryptocurrency industry within Japan."

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