Binance is a digital asset exchange that facilitates trading of cryptocurrencies. The company is headquartered in Malta and has offices in Singapore, Hong Kong, and Tokyo.

Binance was founded in 2017 by Changpeng Zhao, who is also the current CEO.

In April 2019, the Philippines’ Securities and Exchange Commission (SEC) released a list of 15 unregistered cryptocurrency exchanges that included Binance. The SEC advised the public not to transact with these exchanges as they are not regulated by the commission.

However, Binance is not listed as an illegal entity in the Philippines. The country’s Central Bank, Bangko Sentral ng Pilipinas (BSP), has issued a Circular recognizing cryptocurrency exchanges as remittance and transfer companies.

The BSP requires these exchanges to comply with anti-money laundering and countering-the-financing-of-terrorism lAWS.

As of this writing, there is no specific regulation for cryptocurrencies in the Philippines. However, the SEC is currently crafting regulations for initial coin offerings and digital asset exchanges.

Once these regulations are released, Binance will most likely be required to register with the SEC in order to operate legally in the Philippines.

South Korea has been a major player in the cryptocurrency market since its inception. The country is home to some of the largest exchanges and trading platforms, and its citizens are some of the most active traders in the world.

However, the government has been notoriously hostile to cryptocurrencies, and has taken a number of steps to crack down on the industry.

In January 2018, the South Korean government announced a set of regulations that would ban anonymous trading on exchanges, and require traders to use their real names when trading. The government also imposed a number of other restrictions, including banning foreigners from trading on South Korean exchanges.

These regulations caused a major sell-off in the cryptocurrency market, and led to a number of exchanges shutting down or relocating to more friendly jurisdictions. Binance, one of the world’s largest cryptocurrency exchanges, was one of the companies affected by the regulations.

Binance had been operating in South Korea since early 2018, but was forced to shut down its operations in the country after the new regulations were announced. The company has since relocated to Malta, where it has been granted a “digital asset business license” by the country’s financial regulator.

While Binance is no longer operational in South Korea, there are a number of other exchanges that continue to serve the South Korean market. These exchanges have either complied with the new regulations, or have found ways to work around them.

The bottom line is that South Korea is still a major player in the cryptocurrency market, despite its hostile stance towards cryptocurrencies. There are a number of exchanges that continue to serve the South Korean market, and traders have found ways to work around the new regulations.

Binance, the world’s largest cryptocurrency exchange by trading volume, is launching a new service that will allow users to earn staking rewards on their crypto holdings.

The new service, called “Binance Earn,” will initially offer two staking products: one for the popular Tezos (XTZ) cryptocurrency and one for the Binance-native token Binance Coin (BNB). Binance said that more staking products will be added in the future.

To participate in Binance Earn, users must first deposit their crypto assets into a special “Binance Earn wallet.” Once deposited, users can then choose to stake their assets for a set period of time and earn rewards based on the size of their stake and the length of time they locked up their funds.

For example, Binance is offering up to 10% annualized rewards for users who stake XTZ for six months, and up to 8% annualized rewards for those who stake BNB for two months.

At the end of the staking period, users can either withdraw their principal plus earned interest, or they can reinvest their funds back into Binance Earn to continue earning staking rewards.

It is important to note that Binance Earn is distinct from Binance’s existing “Binance Savings” service, which also offers interest-bearing accounts but requires users to lock up their funds for a set period of time. With Binance Earn, users have the flexibility to withdraw their funds at any time, though they will forfeit any interest that has accrued if they do so before the end of the chosen staking period.

The launch of Binance Earn comes as more and more crypto exchanges are looking to offer staking services to their users. Staking is a process whereby holders of certain proof-of-stake (PoS) cryptocurrencies can earn interest on their holdings by committing them to help secure the network.

Notably, Coinbase – the largest U.S.-based cryptocurrency exchange – recently launched its own staking service for select PoS cryptocurrencies. And earlier this year, Kraken – another major U.

S.-based exchange – acquired Circle’s Poloniex exchange in part so that it could offer staking services to Poloniex users.

It is clear that exchanges see staking as a way to attract and retain customers, as well as generate additional revenue. For crypto holders, staking can be a way to earn passive income on their holdings without having to sell them.

And because many exchanges offer staking services through custodial wallets, it can also be a convenient way to earn rewards without having to run your own node or worry about securing your private keys.

So is Binance Earn worth considering? For most crypto holders, the answer is probably yes. The interest rates on offer are competitive with other exchanges, and the fact that you can withdraw your funds at any time makes it a relatively low-risk way to earn passive income on your crypto holdings.