![]() “Binance announced that it will not support the deposit and withdrawal of Litecoin through the MimbleWimble Extension Blocks (MWEB) function. The development was also shared on Twitter by the popular cryptocurrency media outlet Wu Blockchain. “To ensure the security of your funds, please do not deposit LTC through the MWEB function,” Binance said in a statement. ![]() īinance added that users may lose their funds if they use the MWEB function to transfer Litecoin from an external wallet to the exchange. #Binance will not support the deposits and withdrawals of $LTC utilising MimbleWimble Extension Blocks (MWEB). The largest cryptocurrency exchange by daily trade volume noted on Twitter today that LTC deposits made using the MWEB function will either be returned or not deposited in the receiver’s wallet because of the inability to verify the senders’ address. View the regulations that govern the City of New York's M/WBE Program here.Due to security concerns, the world’s largest cryptocurrency exchange Binance has announced that it will not be supporting the deposits and withdrawals of Litecoin (LTC) utilizing the Mimblewimble Extensions Block (MWEB) function. The City's M/WBE certification program is administered in accordance with standards set forth in Chapter 11 of Title 66 of the Rules of the City of New York. The M/WBE program was established through the enactment of Local Law 129 in 2005. Learn more about SBS resources for M/WBEs. The M/WBE program strives to promote fairness and equity by enabling M/WBEs to improve their capacity, connect to opportunities, and positively contribute to the local economy. An SBS Certification Analyst will review and respond to your inquiry. Proof of business transactions, or attempted business transactions, in or with the City more than once over the past three (3) years.ĭo you have questions about your eligibility for NYC M/WBE certification? Please email the SBS Certification Unit at Be sure to include your full name, phone number and email address in your email.Possession of a license (i.e., by the business or by at least one owner) issued by a New York City agency supporting its ability to transact business in the City, and/or.Maintenance of a bank account for at least six (6) months in the City, or engagement in other banking transactions in the City, and/or.Substantial presence can be demonstrated by providing documentation that satisfies at least two of the following conditions: Note: A business located outside of New York City and outside of the designated counties noted above may qualify for M/WBE certification if the applicant can prove a substantial presence in the geographic market of New York City. The business' principal office, place of business or headquarters is located within the five boroughs of New York City or in one of the following counties of New York and New Jersey: Not for Profit Organizations are ineligible.ĥ. ![]() The business has one of the following legal structures: permanent resident(s) who are women and/or members of designated minority groups including:Ĥ. At least 51% of the business is owned, operated and controlled by a U.S. The business has been in operation (i.e., selling goods and/or services) for at least one year.ģ. The business is legally authorized to transact business in New York State.Ģ. Other benefits of certification include access to networking events, customized courses and targeted consultations.Ī business seeking M/WBE certification must meet the following eligibility requirements:ġ. The directory contains more than 10,000 businesses from diverse industries including engineering, graphic design, catering, IT consulting, childcare, accounting, metal fabrication, plumbing, event planning, and many more. There are several important benefits to becoming a certified M/WBE with the City of New York, including listing in the NYC Online Directory of Certified Businesses, a public website which promotes certified businesses. When eligible businesses are certified with the City they become more visible to prospective buyers, including City agencies and private contractors seeking to purchase goods and services. The City of New York Minority and Women-Owned Business Enterprises (M/WBE) Program expands opportunities for minority and women entrepreneurs to access government contracts and grow their businesses.
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