Binance, a major cryptocurrency exchange, has faced regulatory challenges in the U.S., but the recent resolution of criminal charges has removed a significant regulatory risk for the crypto industry. Binance is expected to enhance its compliance with FinCEN and OFAC, similar to Coinbase, without U.S. exposure. Despite differing opinions, some believe this move could make Binance one of the most compliant exchanges. The mainstream media's portrayal of the Binance fine as negative is disputed, with the view that it actually removes a major regulatory uncertainty, allowing crypto to continue growing. There are also suggestions that Binance's treatment in the U.S. reflects its perceived threat to the traditional American-led global financial system.
.@Binance and its founder @CZ_Binance have been treated the way they have been in the U.S. because the crypto exchange represents a threat to the traditional American-led global financial system, @CryptoHayes writes. Do you agree? https://t.co/CAoa8UoCIQ https://t.co/P4P4SNAkZa
The mainstream media is wrong again. The Binance fine removes one of the biggest regulatory risks in crypto. It’s NOT negative. Now crypto can continue to grow without the risk of “what if” when it comes to Binance. And I think Binance will get through the tough times.
Binance is about to become as compliant as Coinbase, relatively, with FinCEN and OFAC up their ass. The only difference is Binance won’t have any US exposure. I’d be pretty funny is Binance became one of the most compliant exchanges.
Binance is about to become as compliant as Coinbase, relatively, with FinCEN and OFAC up their ass. The only difference is Binance won’t have any US exposure. Kind of hilarious, but I’d be pretty funny is Binance became one of the most compliant exchanges.
Binance’s criminal charges are in the rearview, but a more existential issue for all of crypto looms. https://t.co/pDaQUnqXQy Crypto Global by @aidanfitzryan