USD balances at Binance.US are insured up to $250,000 by US Federal Deposit Insurance. Crypto deposits are not. This is the same (at least for US residents) as for other regulated exchanges such as Coinbase and Gemini.
Binance TR is not regulated in Turkey. I don't know about Binance Asia Services Pte. Ltd, which runs Binance.SG
Headline writers have done a great job of amplifying a non story into something else. Binance was not banned by the FCA in the UK (Binance UK Ltd withdrew an application to provide regulated services). My pet hamster isn't permitted to provide regulated services in the UK; do we now claim it has been "banned"?
Binance does not have its headquarters in the︀ Cayman Islands (unless we call holding companies headquarters now). We can see how distributed Binance︁ is by looking at their job adverts. CZ said that Binance.com is where CZ is︂ and I'd agree that is the defacto reality, there just isn't a "head office" to︃ go to and see all the people who run it doing their jobs and sipping︄ coffee.
Regulators in a number of countries might pursue Binance over its use by their︅ residents, who might have circumvented rules to access services that Binance isn't permitted to sell︆ them. Or they might realise it's 2021 and people can and do find ways to︇ watch Netflix from another country, play online poker while in Dubai or do some leveraged︈ crypto trading while in the UK.
If people can't get their heads around this then︉ they really shouldn't look into DeFi. 🙂
