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Binance Weekly Report: New Compliance Advisors


In this weekly report (March 20 to 26, 2021): Binance appointed two new compliance and regulatory advisors, upgraded our customer service system, and more.


1. Welcoming our New Compliance and Regulatory Advisors: Two Former FATF Executives. Rick McDonell and Josée Nadeau will provide high-level guidance on Binance’s global compliance and regulatory strategies. 


Binance Smart Chain (BSC) Updates

2. The MVB Accelerator Program enters the last phase. In this article, we share the latest updates and look at the third phase of the program

3. Juggernaut secures investment from $100M fund to build projects on Binance Smart Chain. Juggernaut (JGN), the complete custom DeFi synthetics suite, governance, and NFT marketplace, has secured an undisclosed amount of funding from the $100M fund set up to empower projects building on top of Binance Smart Chain (BSC).

4. Binance Smart Chain v1.0.7 release. BSC v1.0.7 is out and all validator nodes on the BSC testnet have upgraded to this new version. If you are running a node on Binance Smart chain mainnet or testnet, it's recommended to upgrade to this version.

5. BSC Validator Spotlight: BNB48 Club, HashQuark, MathWallet & CertiK. What does it take to become a validator candidate? What was their motivation to become a validator? And what’s their prediction of the BSC future? Check out the latest four interviews. 

6. Binance Chain Mainnet Lowering of Fee Structure 2021/03. Due to the recent BNB price change, the validators have proposed and voted on lowering the fee structure on Binance Chain Mainnet. 

7. Binance Chain Extension Wallet Bug Report, March 2021


Binance Exchange Updates

8. Binance and CapBridge Financial sign MoU to Build Strategic STO Partnership. “By joining forces with CapBridge, Binance will be able to work with a fully licensed firm to broaden services securing compliance with local regulations,” said Binance CEO Changpeng Zhao (CZ). “We are looking forward to building a long-term partnership with CapBridge to diversify our offerings for users.”

9. Binance Launches Online Chat V5.0. To enhance our customer support user experience we have completed an upgrade to the Binance customer service system and launched Online Chat V5.0.

10. Introducing the Stars of Binance Pool Program. In order to grow the crypto mining community, Binance Pool will launch the Stars of Binance Pool program on March 25. We’re inviting miners, mining farm owners, community owners, KOLs, and experienced crypto enthusiasts in the mining industry to join Binance Pool.


12. Binance Loans Launches Hourly Interest Feature. All new Binance Loans orders’ interest will be calculated on an hourly basis, with no early repayment interest penalty for any loan terms.

13. Earn Up to 30% APY on COS, DUSK, DEGO, EGLD and NKN with Binance Savings.

14. Use Canadian Dollar (CAD) to buy ADA, BNB, CHZ, DOGE, DOT, ENJ, MATIC, VET and XRP Directly with with your credit or debit card.

15. Symbol (XYM) Distribution Is Now Complete. We have now completed the distribution of XYM tokens to XEM holders according to our previous announcement.

16. Binance Pool launches the 35th phase of dual savings products for BTC, USDT, and BUSD.

17. Binance To Initiate Dock (DOCK) Mainnet Token Swap. Deposits and withdrawals of DOCK will be suspended starting from 2021-03-28 01:00 AM (UTC).

18. Notice Regarding the Cardano (ADA) Withdrawal Issue. Cardano (ADA) provides two wallet formats, namely Byron wallet and Shelley wallet. Currently, Binance uses Byron deposit addresses, and supports withdrawals via Shelley wallets. The Cardano team has verified that a fully functioning Shelley wallet is capable of sending transactions to Byron wallet, and vice versa.

19. Binance Staking launches BIFI Staking with Up to 30.54% APY.

20. Updates to the DREP (DREP) 100:1 Redenomination Plan. Read the latest updates following last week’s announcement of the redenomination plan. 


Binance Futures Updates

21. What Can You Expect on Futures Expiration Day? This article will give you a better understanding of futures contract expiration and how it impacts BTC value. We shall first explain the entire process of futures expiry. Following that, we dive into why market volatility tends to increase on this day and how you can navigate through it safely.

22. Earn More with the USDT-Margined Quarterly Futures Referral Bonus Campaign. To celebrate the launch of  USDT-Margined Quarterly Futures, we’re introducing the all-new USDT-margined Quarterly Futures Referral Bonus Campaign with our affiliate community from April 1 (00:00 UTC) to June 30 (11:59 UTC), 2021.  In addition to getting a 30% commission from Binance Futures trading fees and the opportunity of receiving a bonus of up to 72,000 USDT every month

23. Binance has enabled Margin trading for the following assets and trading pairs:

24. New listings added to Binance Futures on March 22:

25. We completed the reverse token split for SUSHIDOWN and DOWN.

26. UPDATED: Leverage and Margin Tiers of Binance Futures Contracts & 10,000-for-1 reverse token split for AAVEDOWN, DOTDOWN, ADADOWN, XRPDOWN, LINKDOWN

From the Binance Team

27. Intro to Peer-to-Peer Trading: What is P2P Trading and How Does a Local Bitcoin Exchange Work? This brief introduction to P2P trading will explain why and how to buy and sell crypto directly with other traders.

28. Latest articles from Binance Academy

29. Latest reports from Binance Research

Promos and Community

30. NEW: CHZ, ACM, ASR, ATM, JUV, OG and PSG Promo: 100,000 USDT to Be Won. We're collaborating with Chiliz and its FAN Tokens for a 100,000 USDT giveaway to thank the community for their support. Competition starts 2021-03-26 00:00 AM (UTC) and ends 2021-04-01 11:59 PM (UTC).

31. NEW: Trade CHZ/EUR, CHZ/GBP on Binance to Share $50,000, Everyone Wins! For a limited time, all users will share a 50,000 USD prize pool in CHZ by trading CHZ/EUR and CHZ/GBP pairs!

32. NEW: TRU Trading Competition - $50,000 in Rewards to Be Won!

33. NEW: Register to Win a share of $100,000 in TRX, BTT, WIN, JST, and SUN

Register for a Binance account via gift links in the announcement and receive a share of $100,000 in TRX, BTT, WIN, JST, and SUN. Each user can win up to $10 in tokens. 

34. NEW: Binance Super Prophet: Pick a Trade, Win from $100K in Prizes. Correctly predict one of the top two gainers of the day out of BTC, BNB, FIL, ZEC, UNI, and SUSHI to win a share of the $100,000 prize pool. 

35. NEW: Win and Share $50,000 in Streamr (DATA) on Binance

36. EXTENDED: Binance BRL Zero Withdrawal Fees Promotion extended until June 30, 2021.

37. EXTENDED: Zero Fees Promo on Bank Deposits for EUR and GBP. Now, users may continue to enjoy zero-fee bank deposits until March 31.

38. EXTENDED: Zero-Fee Promo for BUSD/USDT, USDC/BUSD, TUSD/BUSD, and PAX/BUSD, now until June 10.


That’s a wrap for the past week. Follow us on Twitter, Instagram, Facebook, and YouTube, and join our official Binance Telegram group to talk more with our community.