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Cryptoactive Broker Destroys More Than 1.2 Million Tokens, Equivalent to Nearly $400 Million.

The world's largest crypto-assets broker by trading volume, Binance announced on Monday, 19, the burning of nearly 1.3 million binance coin (BNB) cryptocurrencies, equivalent to about 390 million dollars (more than 2 billion of reais). Destroying tokens in circulation is primarily intended to increase scarcity and preserve the value of the cryptocurrency, while benefiting those who keep the asset in their wallets. To date, about 16% of the 200 million binance coin tokens initially issued have been burned. According to the company, the plan is to burn another 35% in future events. Despite being the largest crypto exchange in the world by trading volume, the brokerage has been under strong pressure from regulators in several countries where it operates, such as the United States, United Kingdom, Japan, Italy and Singapore. Company CEO Chanpeng Zhao released a text last week detailing the company's plans to meet compliance requirements, especially with the application of control policies to prevent illicit activities such as money laundering. Binance coin is currently trading at around $285, down nearly 7% in the past 24 hours. In the year, the cryptoactive still accumulates high of 650%. Based on the text by: Gabriel Rubinsteinn Mark 2 friends in the comments!

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