Puerto Rico becomes the fourth jurisdiction in America to grant a money transmitter license to Binance.US, the American arm of the crypto exchange Binance. Other states that issued operational licenses to Binance.US include Wyoming, Connecticut and West Virginia. Binance.US was launched as a second attempt by Binance CEO Changpeng Zhao to cater to investors in the United States as the nation banned Binance’s primary operations, citing regulatory concerns. The new license from Puorto Rico further strengthens CZ’s vision “to be licensed everywhere.” According to the announcement, the money transmitter license was awarded to Binance.US by the Puerto Rico Office of the Commissioner of Financial Institutions (OCIF). While highlighting the company’s intent to obtain operational licen...
The Lowdown: Bad Bunny is still doing what he wants on his latest album, Las Que No Iban a Salir (or The Ones That Were Not Going to Come Out), which was a surprise drop last week. The 10-track collection spans outtakes from Benito Antonio Martínez Ocasio’s YHLQMDLG album and music that he recorded while in quarantine in Puerto Rico. The Latin trap and reggaetón artist continues his hot streak as today’s premiere perreo pop star. Since dropping YHLQMDLG (Spanish shorthand for I Do Whatever I Want) on Leap Day, Bad Bunny has not only become Latin music’s biggest artist but a global superstar transcending genre or labels. In early March, YHLQMDLG debuted at No. 2 on the all-genre Billboard 200 chart, the highest placement for an album primarily recorded in Spanish. That 20-track set remained...