Mark Fidelman | Source | Founder at SmartBlocks LLC

Banks, merchants, brands and nations have implemented literally hundreds of digital wallets as of this writing and in 2021 were used to make an astounding $15.9 trillion in payments. Unfortunately, these wallets suffer from rampant problems such as questionable security, intrusive business models, black box design, and limited capabilities. And, they’re restricted by vendor lock-in to boot, with each wallet doing only a few things well.

The blockchain company is working on a model for central bank digital currencies that it hopes will make it easier to transact across borders.

Regulatory trouble is nothing new for Binance, and on many occasions, in the past, it has managed to overcome or bypass such roadblocks and eventually work with regulators.However, when it comes to the United States, the exchange has found itself in the cross-hairs of multiple agencies.A number of…