WAO ART #451

Canadian regulator FINTRAC fines Binance $4.4m for money laundering violations. Binance failed to register as a foreign money services business and neglected to report significant virtual currency transactions. The penalty of $4.4 million, or 6 million CAD, is a result of compliance in 2023.

Binance announces the launch of Notcoin (NOT) as its 54th project on Binance Launchpool. Users can stake BNB and FDUSD. Notcoin is a community token designed to introduce users to web3 through tap-to-earn mining. Notcoin has a maximum supply of 103 billion coins and aims for widespread adoption.

The European Securities and Markets Authority is considering including cryptocurrencies in UCITS funds. UCITS funds are a major part of EU retail investments, managing around €12 trillion in assets. The initiative aims to update the asset eligibility criteria for UCITS funds, focusing on liquidity.

Nestlé plans to invest $196.5m to expand Nescafé production in Brazil. Nestlé will focus on expanding its business-to-business operations and out-of-home sales of Nescafé. The investment will also help double the number of out-of-home coffee machines to 44,000 by 2028l.

UAE allocates $15 million in relief aid to flood victims in Kenya. UAE President emphasizes the need to assist those affected by disasters globally. Urgent response to humanitarian needs on regional and international levels. Mobilizing international efforts to support countries and societies in need.

Australia invests $365.8m to map mineral deposits and energy sources. The investment aims to guide new discoveries. The government plans to fully map Australia's resources over the next ten years. Prime Minister Albanese emphasizes Australia's commitment to a clean energy future.

Musk's Starlink satellite company has been granted business licenses to operate in Indonesia. Starlink's network of low Earth orbit satellites will provide internet to remote areas in Indonesia. Indonesia aims to connect millions of people without reliable internet access.