Crypto on LYO: The Blend — Facebook and Instagram Users Can Post NFTs, Argentina’s Mendoza Province Now Accepts Crypto for Tax Payments, Binance Australia’s Protection for “Vulnerable Users”

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What happened in the crypto world in the last week? Let’s see some interesting news together! 

Facebook and Instagram Users Can Post NFTs

Meta, the parent company of Facebook, announced that Facebook and Instagram users can now post nonfungible tokens and other digital collectibles to their accounts. 

The 2.9 billion users of Facebook will be able to share NFTs and digital collectibles by linking their wallets to either Facebook or Instagram apps. Moreover, Instagram made posting digital collectibles available across 100 countries

Argentina’s Mendoza Province Now Accepts Crypto for Tax Payments

Mendoza Province citizens are now allowed to use cryptocurrencies to pay taxes and government fees, giving taxpayers another method to abide by their tax obligations. 

In the initial stage of the service, which started on August 24, it will only accept USDT for tax payments and citizens can pay through the Mendoza Tax Administration website by using any crypto wallet such as Binance, Bybit, and Ripio.

According to a statement by Mendoza Tax Administration, this move is a “strategic objective of modernization and innovation.” 

Binance Australia Increases Measures to Protect “Vulnerable Users” 

The elderly, people living in remote areas, and people with disabilities have been identified by Binance Australia as “vulnerable users”, prompting the crypto exchange to ramp up its measures to protect them. 

Part of this strategy is implementing a tighter onboarding process for new users. This includes providing a photo of a user’s driver’s license together with their card number and a Know Your Customer quiz that will allow the exchange to detect potential suspicious activities. 

Stay tuned for next week’s crypto news! Follow LYOPAY social media pages: 

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