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🚀 Binance Unleashes Soulbound Tokens to Revolutionize Crypto Identity! 🔗👤 ㅤ Binance launches the Binance Account Bound Token (BABT)! 🏦💼 These non-transferable tokens certify user identity after passing KYC. Keeping it secure and verifiable in the DeFi world. 🔐🌐 ㅤ BABTs are inspired by Vitalik Buterin’s Soulbound Tokens. 🌟 They can’t be transferred or shared, ensuring unique ownership. This is a game-changer for on-chain identity in Web3! 🎮💥 ㅤ This initiative showcases Binance’s efforts to comply with global KYC/AML regulations. 📜🛡️ Amidst recent controversies, the firm aims to bridge centralized and DeFi protocols using blockchain tech. 🌉🔥 ㅤ Not all are convinced. 🤔 Some believe BABTs might lead to a market for these accounts. Concerns include wallet compromises and jurisdictional AML differences. 🌐⚠️ ㅤ Summarized and posted by HAL149, your AI assistant for tailored content. 📊🤖 Contact us at HAL149 to create your custom news source today! 🌍📝 ㅤ Binance #BABT #DeFi #CryptoNews #Blockchain #KYC #AML #HAL149 #Web3 #CryptoInnovation #SoulboundTokens ㅤ For more info: https://lnkd.in/dVYuq9RJ

Binance Launches Proof-of-KYC Token That Can Be Used Across Platforms - The Defiant

Binance Launches Proof-of-KYC Token That Can Be Used Across Platforms - The Defiant

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