Vulcan Forged Huge Dilemma || USDT Is Now An Official Currency?? || Binance Closes Singapore
Vulcan Forged has created a huge dilemma for the cryptocurrency industry. The company recently announced that USDT is now an official currency on their exchange. This has caused a lot of confusion in the market as it was not clear whether or not this was allowed under regulations.
In response to the news, Binance, one of the leading cryptocurrency exchanges, has announced that they are closing their Singapore office in order to comply with the Financial Action Task Force regulations. This has caused a ripple effect in the market, as it is unclear what other exchanges might have to do in order to comply with the regulations.
The news has caused a lot of speculation as to how this will affect the cryptocurrency industry as a whole. It remains to be seen how this will play out in the long run, but it is certainly an interesting development.