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Binance gets banned by UK regulator

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This is damning then of their KYC and AML 😕. Wise︀ to move assets and not wait around to see what happens if you got other︁ options.

Depends what US decides to do. They may work with foreign governments to seize︃ their domain and servers like they did with 1broker.io etc in Marshall Islands.....lol.
 
SEPA deposits disabled! Some users now getting proof of wealth declaration requests! The doors are‌ closing, at this pace they will be CRS compliant by the start of the next‍ year! Better clear your accounts lol
 
Yeah the bad news⁠ keeps coming for Binance.

Pretty sad as Binance is worlds biggest crypto exchange and a⁤ quick look at coinmarketcap shows it has the most volume. If anything happens to it⁣ other regulated exchanges like coinbase etc will benefit. Maybe thats the goal of regulators to⁢ force clients off the exchange and on to exchanges they supervise ca#"!.

If your thinking︀ of getting into crypto you may want Binance to collapse as it will bring down︁ the entire crypto market and give you a large dip to buy into smi(&%.
 
Such a move would be‍ beneficial for the crypto market. And yes, I suppose that this is the ultimate goal⁠ of relevant western governments.
They can not follow the example of China and other authoritarian⁤ regimes as they would then just be in the same category together with the former.⁣ Specifically the US does not want that.
So, a bumpy road ahead on the way⁢ to a much more regulated (and legitimate) crypto space which will ultimately solve the main︀ issue: Transforming crypto wealth into fiat wealth.
No, this︂ train has left the station when China banned crypto. Moreover, a collapse of Binance in︃ its current form is already anticipated.
 
Why you are so serious?

Exchange got problem with their banking relationship? Pff. This going‌ over all time for crypto with almost every exchange.

Exchange got problem with depositing via‍ bank cards? Pff. This going over all time for crypto with almost every exchange.

Exchange got problem with AML or some goverment? Pff. This going over all time for crypto⁠ with almost every exchange.

Name me at least couple top tier crypto exchanges who was⁤ on market few years and don't have single problem. It non exist.

Most of all⁣ banks in the world are banned crypto in their capabilities.
I have account in number⁢ of banks and *ALL OF THEM* hate crypto, no matter what exchange will be used:︀ binance, bistamp, coinbase, bitfinex, etc.
So, it's a binance such bad? I don't think so.︁ If we ask banks - their answer will be all exchanges are smell 🙂

Binance introduce︂ FIAT gateways are recently and it was massive and very big update.
If you look︃ deeply on the number of FIAT gateways for different countries and different currencies, you would︄ found that its literally dozens of times more that some kind of sepa/swift gateway only︅ in exchange like bitstamp.
Sure it lead to some problems with AML, KYC and other︆ stuff. Not a problem, some gateways will be closed.
They are pure reason for all︇ this compliance problems.
Not a last people resort with them. It would rollback for a︈ few months of crypto adoption, not more.

Why you not move your assets with your︉ stock broker when it fined for millions because of AML? You closed your IBRK accounts?︊ No 🙂
Why you not move your assets with your bank when it fined for billions︋ because of AML/TF? You closed your A+ banks accounts? No 🙂

If you hold crypto -︌ just hold in wallet.
If you trade crypto - don't start to say that binance︍ bad, it literally much better than competitors. sure not ideal, but definitely top tier on︎ crypto market.
And 100% better that exchanges which claim to be regulated by SWISS/LUX/EU/and other️ country and have absolutely 0 liquidity for market (hello for people who will switch to‌ trade crypto from binance to kitchen like a swissquote, dukascopy, etoro, exante and other regulated‍ BS 🙂
 
That dude from coinbase might⁢ did a good job lobbying some of the us entities to go after binance. That︀ is not entirely out of the question 😉

Fiat wealth (or whats left thereof) will be︁ in the form of cbdc's according to that dude here: For Investors, Business Owners, Professionals...︂ "How to Avoid Missing Out On the Crypto Bull Market (and Make a Killing), Without︃ Buying a Single Bitcoin, Ethereum, Litecoin, Or Investing in Any Other Cryptocurrency... You're Invited to︄ join the WORLD'S FIRST (and ONLY) Crypto-Stock Newsletter and Advisory... (the newsletter is not mine︅ 😉)

And yet, as we speak, I am doing calls with an african countries interesting︆ in following el salvador, so these are surely pretty interesting times indeed.
 
I actually wouldn't be surprised. US shale gas producers tried to so same‍ with Nord Stream 2 😉. If you can't compete then ask your gov for help⁠ to eliminate competition...lol.
 
Depends on laws. In case of binance they register so many crap‍ ponzies who payed for entry.
Many of those tokens are securities companies try to brand⁠ them as good investments and give best returns.
If some Thai-people were burned on PnD⁤ they went cry to local SEC because someone sold them unregistered securities and they want⁣ refund.
That was not their foult that investment has failed... no NEVER... it is Binance⁢ foult.
Since USA have some enforcement power over world financial markets, they pressure all ICOs︀ (ponzies or not) close door to US investors.
But some small countries can do s**t︁ about it like Thai/CaimanIslands maybe those laws are in place in form like US if︂ you have X nation investor as client you should enforce our rules bla bla...
But what they can do in reality - just CZ has less place to be able︃ travel, or fly over some place if he don't want fall to prison.

Cz is︄ guy on target for his best moves in space like his 2BTC limit was outstanding︅ and forced exchanges like coinbase/kraken to corner.
What is worth noting that Binance was best︆ mixer ever you throw there 2BTC buy Tether buy 1.99 BTC and you have clean︇ BTC used on random mail,
same time people around was overthink with samurai wallet, coin-join...︈
I will miss old Binance will see what will replace it - there is high︉ demand for no KYC , i see defi in rise.

PS: (Bielorus just lately forced︊ landing airplane with some opposition guy to put him in jail they faked terrorist attack︋ and forced to land)

Yea but that sadly not working when you have to pay taxes XD
 
It is how a true stand-alone, purpose-built cryptocurrency exchange operates worldwide without selling its clients.‌ It's sad to see their clients leaving off all sorts of negative reviews all over‍ the web without even acknowledging the challenges Binance is facing from dirty authorities.
Soon the⁠ time will change completely 🙂
 
18.10 and all account on binance will be KYC'ed or frozen
 
You guys say just what you‍ hear, no more than this.

Are you a trader? Do you have any solid proof?⁠

Nowadays, it is a time where you shouldn't believe or judge anything unless you see⁤ it with your naked eyes. There are tons of haters, corrupt and dirty authorities who⁣ misguide you with their non-sense only to benefit themselves.
What the US says, what the⁢ UK says about whom... these are the types of bulls**t you shouldn't believe at all.︀

I'm a professional leverage day trader and have engaged in Binance since 2019. I haven't︁ experienced such a thing. And then someone comes with a link and talks non-sense. Heh︂

If you want to waste your time, play games, please.
 
Its known that binance does dirty games and their︂ system breaks when there is high volume.
I lost a lot in may when the︃ market moved massivly down because my sell order was not being executed by binance.
 
My friend from Pakistan‍ criticism is ok but please do not swear thu&¤#. I have just given you a⁠ warning regarding language. I see also you do not know too much about Binance. However⁤ if your happy using them then ignorance is bliss for you. Major authorities that have⁣ shown concern have got them all wrong I guess 🙄.
 
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