(Thread) We just hosted a 1-hour press conference to share the active steps we’re taking to build upon our efforts to be more compliant with local regulations everywhere.

I’d like to share these updates with you now too.
@binance we will continue to adapt to new regulations in order to best serve our users. So, what are we actually doing?

Here are some things we just announced, with more to come.
We have commenced processes for licenses & approvals where there is an existing legal framework for crypto exchanges. This includes on-going work across Asia-Pacific, EMEA and Latin America.

We will actively work with regulators as more crypto-specific frameworks are introduced.
We’re enhancing our KYC efforts to further our leadership in this area.

Daily withdrawal limits will be adjusted from 2 BTC to 0.06 BTC (roughly ~$2,000 USD) for accounts who have only passed Basic account verification.

As I shared earlier this week, Binance Futures has been limiting new futures accounts opened within the past 30 days to 20x leverage from July 19.

From 27 July we will extend the limit to accounts opened within the past 60 days.

We just launched a new tax reporting tool. It’s an API which you can use to track crypto activities and connect to third party tax vendors to streamline reporting requirements.

We are actively hiring leadership with regulatory and compliance experience.

There are no immediate plans to replace me as CEO. (Journalists like to mis-quote this). I always humbly invite everyone @binance or outside to raise their hand at this job. 🙋‍♀️🙋‍♂️
More to come. Stay tuned.

Binance is ready to assist regulators from around the world and together find the optimal way to set a fair playing field - consumer protection is important to all of us. We want to create a sustainable ecosystem around blockchain technology.

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More from @cz_binance

19 Jun
.@Binance Mini Program Update

1/6. WebView APP Framework

Now supports new type: WebView App. Developers can directly reuse their web App to run on the Binance App. With JS-SDK, developers can easily integrate functionalities like login, Binance Pay and so on.
2. Native Input

Mini program uses a new native input instead of the old web one. Lots of new features of components are supported: auto focus, auto height and confirm type on the keyboard.
3. Jump to Other Mini Programs

Now developers can jump to other mini programs by API. Mini programs with higher permission can even jump to a Deeplink inside the Binance App.
Read 6 tweets
9 May
Not sure how many of you remember this day. Anyways, I used this phrase a few times since. Here is the story behind the Chinese proverb I was referring to. Just came across a good English translation today.

It has helped me greatly in my journeys so far. 1/n
I posted the link earlier today, but that broke the site. It seem to be hosted on a small server. So, pasting the content here directly. Link at the very end.

In ancient China, near the edge of the Great Wall, there was an old man named Sai Weng. Two of the things closest to him in his life were collecting rare breeds of horses and his beloved son.
Read 14 tweets
31 Mar
People don’t believe me when I say I didn’t do much for #BSC. They still want to give me credit for it. 😂

A thread with a few example to drive that home and what I did and did not do for #BSC. 1/9
I learned that I can use MetaMask with #BSC for the first time in this blog post, alas, with the link from Twitter.

I was like… wow, cool.


Then I clicked on a link in a tx and landed on bscscan.com. I was like … hey, I know how to use this site, it works just like etherscan.io. Who ripped it off?

Then I learned it’s built by the same team. Cool, who thought of that? 👍 3/9
Read 10 tweets
25 Mar
Beware of scammers impersonating @Binance Helpdesk staff on social media (Twitter, FB, Reddit...) and chats (Telegram, Signal...)


Remember these 2 rules:

1. Never give anything more than a Chat Case ID to anyone. Everything else should be communicated through the Binance chat. Do NOT under any circumstances give out your email or password. Binance Helpdesk do not need any of the above to help you. They just need your Case ID.
2. Never under any circumstance send coins to anyone, especially NOT to our support staff (fake or real). In the rare case that we need to deduct some fees, we will do it directly to your account. You never have to send coins to anywhere other than your deposit address.
Read 5 tweets
28 Feb
Alright, last thread on ETH and its "killers", for today. Vitalik once said (and there is a video of it somewhere), ETH killer is ETH. I believe he is correct, ironically.

ETH is overwhelmingly successful. But its success (not other coins) may also be its own killer. 1/5
Perhaps social media is the best example. Friendster, MySpace was hugely popular, couldn't handle the load, couldn't keep up with the user/demand growth. Gone. Many other examples if you are old enough to remember the early days of the internet. 2/5
Ethereum created the smart contract market, which lead to ICOs, DeFi, NFTs, etc. Demand is growing exponentially, performance of ETH aren't. ETH 2.0 is still years away. Rollup aren't user friendly (jury is still out). This is the ETH killer. 3/5
Read 5 tweets
27 Jan
#crypto vs stonk trading.

1/6. Markets. #Bitcoin is traded on thousands of exchanges. Stonks are typically listed on one exchange only, by design. More markets tend to reduce manipulation.
2. Insiders. Bitcoin doesn’t have insiders. Other crypto are less decentralized than bitcoin, but most are more decentralized than stonks, which have legally defined insiders.
3. Fees. Crypto exchange charges much lower fees. Stonk trading involves high and often hidden fees.
Read 6 tweets

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