Binance News: Introduction of Community-Driven Token Listing and Delisting Mechanism

Binance, one of the largest cryptocurrency exchanges globally, has announced a groundbreaking new governance model that empowers its users to have a say in the listing and delisting of tokens on its platform.

Binance Introduces Community-Driven Token Listing and Delisting

Binance has unveiled a new governance model allowing users to vote on token listings and delistings. Users holding at least 0.01 BNB can vote for projects they want to see listed on the exchange. Tokens with the highest votes and passing due diligence will be added to Binance’s trading platform. Similarly, users can vote to delist projects in Binance’s Monitoring Zone, which includes inactive or risky assets. This initiative aims to improve market access for emerging projects.

Sanctioned Russian Crypto Exchange Garantex Seized

Garantex, a Russian crypto exchange popular with ransomware gangs and darknet markets, has been taken down in an international law enforcement operation. On Thursday, a coalition of law enforcement agencies from the U.S., Germany, and Finland seized Garantex’s domains and servers, and froze nearly $28 million in crypto tied to the exchange with the help of stablecoin issuer Tether. The U.S. Treasury’s Office of Foreign Asset Control (OFAC) sanctioned Garantex in 2022, accusing the exchange of knowingly facilitating money laundering for ransomware actors and darknet markets.