Buy/Sell Ads Binance officially announced that she is working on launching a project with a meaningful name Venus, in connection with which local are to arise stablecoiny.
This project stands out among others a wide range of entities that will be able to join the cooperation, including governments, corporations, companies from the technology industry, as well as companies specializing in blockchainie. Moreover, the previous experience of the stock exchange can have a very large impact on the success of the project.
A turn towards Asian markets
There are many indications that Binance will focus on Asian markets, especially Chinese, which is a huge challenge for the stock market. China is a strong player on the digital market, so strong that whether it shows any interest in the new project is highly doubtful. The more so, to say the least, China is quite reluctant to refer to the foreign stock exchange, which is Binance.
Also check: The Binance Exchange - a beginner's guide
Venus project compared to Libra
The latest stock market design Binance in the media they have increasingly been compared to Facebook libry, which, however, does not fully coincide with the scope of activities and markets targeted by both projects.
Product The Zuckerberg brand created as universal, global cryptocurrency firstly aimed at reducing fees for the use of selected financial services, and secondly providing the possibility of using financial services to persons who for various reasons have not had such a possibility so far.
Buy/Sell Ads Binance is focused on the design of digital assets of a local nature, but related to cryptocurrencies around the world. There are also many indications that Binance is seeking cooperation with individual countries, especially as mentioned in Asia, to create their own digital currencies.
Libra is a warning to Venus
Some commentators point out one more aspect that has caused them to name quite often lately Venus and Pound appear side by side.
I'm talking about raw regulatory authorities, with which the social giant had considerable problems due to the strict controls imposed on Libra.
Meanwhile, Binance representatives announce that they intend to ensure their project full compliance with the regulations. Thus, the stock exchange set the bar very high, because its two main goals - entering the Chinese market and regulatory compliance are very contradictory. China they do not hide their dislike of US regulators.