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Binance Ends Support for BUSD Stablecoin: What It Means for Users and the Future of Stablecoins

Binance, one of the largest cryptocurrency exchanges in the world, has made the decision to end support for its Binance USD (BUSD) stablecoin. This move comes after Paxos, the company responsible for minting new BUSD coins, announced that it would be halting its operations. The transition is set to take place on December 15th, and it will have significant implications for users of the BUSD stablecoin. Automatic Conversion to First Digital USD Starting on December 31st, many users' BUSD balances on Binance will be automatically converted into First Digital USD. This conversion will take place seamlessly, and users will not be required to take any action. The transition is designed to ensure a smooth and uninterrupted experience for BUSD users. Implications for BUSD Users While the automatic conversion should minimize any disruption for BUSD users, it is important for them to be aware of the implications of this change. Once their BUSD balances are converted into First Digital US

Greenland Holdings Subsidiary to Apply for Virtual Asset Trading License in Hong Kong

As the world becomes increasingly digitized, more and more companies are seeking to expand into the virtual asset trading space. One such company is China state-owned Greenland, a real estate developer with a fintech unit that already holds a digital banking license in Singapore. This subsidiary is now seeking to obtain a virtual asset trading license in Hong Kong, a move that could have significant implications for the global digital asset landscape.

As the CEO of Greenland, I am excited to announce that our company is taking this bold step into the world of virtual asset trading. With our extensive experience in real estate development and our growing fintech expertise, we believe that we are uniquely positioned to succeed in this new arena.

Here are some of the reasons why we believe that obtaining a virtual asset trading license in Hong Kong is a smart move for us:

Hong Kong is a major financial hub

Hong Kong is one of the world's leading financial centers, with a highly developed infrastructure and a strong regulatory framework. By obtaining a virtual asset trading license in Hong Kong, we will be able to tap into this thriving ecosystem and take advantage of the many opportunities it offers.

Virtual asset trading is a rapidly growing industry

The virtual asset trading industry is growing at an astonishing pace, with more and more people around the world turning to digital assets as a store of value and a means of exchange. By entering this market now, we are positioning ourselves for long-term success and growth.

Our existing expertise gives us a competitive advantage

At Greenland, we have extensive experience in real estate development, as well as a growing fintech unit that is already licensed to operate as a digital bank in Singapore. This combination of skills and expertise gives us a unique competitive advantage in the virtual asset trading space, and we believe that we can leverage this advantage to achieve success in Hong Kong and beyond.

We are committed to innovation and growth

Finally, at Greenland we are committed to innovation and growth. We believe that virtual asset trading represents a significant opportunity for us to expand our business and explore new avenues of growth. By obtaining a virtual asset trading license in Hong Kong, we are demonstrating our commitment to this vision and our willingness to take bold risks in pursuit of our goals.

In conclusion, we are excited about the prospect of obtaining a virtual asset trading license in Hong Kong, and we believe that this move will position us for long-term success and growth in the digital asset space. We look forward to working with regulators and industry partners to make this vision a reality, and we are confident that our expertise, experience, and commitment to innovation will enable us to achieve great things in this exciting new market.


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