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Binance announces $1.5 million airdrop for Storm Boris flood victims

Webp khomyakov
Kyrylo Khomyakov, Binance's general manager for Central and Eastern Europe and Central Asia | LinkedIn

Binance announced that it will airdrop up to $1,500,000 in BNB to users residing in regions severely impacted by the flooding from Storm Boris in Central Europe. This initiative is part of Binance Charity's response to the disaster.

User identification for the airdrop will rely on Proof of Address (POA) submitted by September 18, 2024, confirming residency in the severely impacted regions of Poland, Romania, and Czechia. Each eligible user will receive $50 in BNB, according to a press release by Binance.

According to Kyrylo Khomyakov, Binance's general manager for Central and Eastern Europe and Central Asia, "The impact of flooding in Poland, Czech Republic, and Romania has been devastating, destroying homes, possessions and, sadly, taking lives. We are aiming to bring some support to those affected. We hope that our users who receive these donations can put them to best use locally, whether for the needs of themselves or their loved ones or for the local communities where it is needed most."

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Binance Charity is a non-profit organization focused on utilizing Web3 technology for social impact by making education and research accessible and implementing local humanitarian initiatives. The organization reports having assisted over 2 million individuals across 54 countries with commitments exceeding $23 million to various projects.

Binance operates as a major global blockchain platform featuring the largest digital asset exchange by trading volume. The company offers a wide range of financial products and services and is known for its comprehensive ecosystem which includes educational resources, research, charitable initiatives, and an NFT marketplace. Binance supports users around the clock in 40 languages and prioritizes security and regulatory compliance to protect its users and contribute to the growth of the blockchain industry. In 2022, the platform saw significant activity with an average daily trading volume of $65 billion and 300 billion spot transactions.

Organizations Included in this History
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On November 14, the European Banking Authority (EBA) released comprehensive guidelines for Payment Service Providers (PSPs) and Crypto-Asset Service Providers (CASPs) to ensure alignment with European Union (EU) and national restrictive measures. These guidelines aim to reduce risks and strengthen compliance when transferring funds or crypto assets.

Nov 22, 2024

The UK government is set to introduce new cryptocurrency regulations aimed at countering the growing appeal of the United States as a destination for crypto businesses. In response to concerns of regulatory delays following Brexit, the legislation focuses on establishing a clearer framework for stablecoins and staking activities, with the goal of strengthening the UK’s position as a global hub for digital assets.

Nov 22, 2024

OpenAI, the world’s largest artificial intelligence company, has announced it will establish a new base in Paris.

Nov 20, 2024

On October 30, UK Chancellor Rachel Reeves announced a capital gains tax (CGT) rate increase for high-income individuals, raising it to 24%. This change has raised concerns in the cryptocurrency community, where some investors fear that increased tax and regulatory pressures will diminish the UK's appeal for digital asset investment.

Nov 20, 2024

On November 6, the UK government issued an updated version of the Property (Digital Assets Etc.) Bill, clarifying its approach to defining digital assets, including crypto tokens, as recognized property under English law. The update aims to provide greater security and clarity for individuals and businesses engaging with digital assets.

Nov 20, 2024

Matt Law, Chief Commercial Officer at Outlier Ventures, said that it would not "surprise" him if many people embrace "more efficient," cost-effective systems like tokenization to gain the "same user benefit."

Nov 16, 2024