Another Boom for the crypto market. | Bitcointalksearch.org

sana54210

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Quote from: Sayeds56 on January 21, 2023, 05:44:20 AM

Quote from: Spaceman1000$ on January 18, 2023, 08:50:18 AM

With governmental authorisation, Binance can now provide cryptocurrency services in Poland.

I think it's great that the worldwide community is supporting the cryptocurrency industry, this is a significant boost, and I think more nations will follow the present global trend.

https://www.binance.com/en/blog/ecosystem/binance-moves-forward-with-local-development-and-regulatory-compliance-in-poland-1233996135851733478

Indeed, Binance is a leading & respected exchange in crypto industry with highest trading volume & largest variety of trading pairs available on its platform. The permission granted by Polish government to Binance to provide investment and trading services to polish citizens, is a positive development, which is welcome move towards creating awareness and demand of crypto currencies in the country, however the price of Bitcoin and other crypto currencies is influenced by many factors, including overall technological development & advancement in crypto space, condition of global economy, interest rates and market sentiments, driven by technical factors like oversold or overbought position of market.

I do agree that it would be good for Poland and not just for Binance. In fact, this is more important for Polish people than it is important for Binance, because in the end Binance could have gone without Poland and they would still be the biggest exchange in the world, but this way Polish people would get to use the biggest crypto exchange in the world without worrying about using some terrible exchange.

Definitely a good thing for them and definitely would help out a lot for everyone as well. I am not saying that there is a trouble with anything regarding Binance being accepted, because it would be a good thing in the end, but it is better for Poland than Binance for sure.

Viscore

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Quote from: MarjorieZimmermanGinger on January 20, 2023, 04:32:31 AM

A good step taken by Binance, considering that Binance has almost controlled all existing territories, there is no choice but to accept and comply with government policies in order to operate legally in Poland, this reflects Binance's seriousness in serving part of the needs that are intended for anyone and maybe they have also given beneficiary access to some monitoring policies, so the potential for Binance to grow and develop will be even greater in the future in Poland.

This good news will make crypto supporters in Poland even more comfortable in transacting using Binance, because now they are operating legally in the area, but if this news is real and has been approved by several government options.

I would say that Binance is living at its own advantage, and it has now even become greater with the government supporting its business expansion. Although when we say centralized, it’s never reliable like decentralized did, but the fact that it could pave way to gain greater attention from the citizens, then I think Binance is also doing a great job. My only hope is that Binance will never end up just like FTX, reputable but not reliable enough.

goaldigger

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Quote from: letteredhub on January 21, 2023, 03:09:17 PM

Binance are practically playing a nice role in the expansionism of crypto for wider acceptance internationally and as such they should be commended. This also goes a long way to cementing some bricks of more trust on their capacity as a centralized exchange platform. It's a welcome development.

This is why Binance is still the leading crypto exchange as they continue to reach many people as much as possible, also they assure everyone about the safety of their funds which I believe one of the reason why many still trust Binance. With this new expansion for Binance, many will start to actively invest on crypto with a help of Binance, probably one of the good reason why the market is getting better right now.

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Quote from: letteredhub on January 21, 2023, 03:09:17 PM

Binance are practically playing a nice role in the expansionism of crypto for wider acceptance internationally and as such they should be commended. This also goes a long way to cementing some bricks of more trust on their capacity as a centralized exchange platform. It's a welcome development.

One thing I had notice about exchanges is that, they mainly among the thing that push about the adoption of Bitcoin all around the world. Bitcoin is becoming popular and new people are starting to learn about Bitcoin because of many of these exchanges that had been spreading the reasons why many people need to have a crypto holdings.

Since the creation of exchange to help to the great and adoption of Bitcoin, there had been a continuous patronage of Bitcoin wanting to have Bitcoin in there portfolio. I hope the good news would continue and more investors would join the crypto race.

letteredhub

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Binance are practically playing a nice role in the expansionism of crypto for wider acceptance internationally and as such they should be commended. This also goes a long way to cementing some bricks of more trust on their capacity as a centralized exchange platform. It's a welcome development.

Yatsan

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Quote from: virasisog on January 21, 2023, 12:14:58 PM

Quote from: molsewid on January 21, 2023, 10:59:21 AM

Quote from: Spaceman1000$ on January 18, 2023, 08:50:18 AM

With governmental authorisation, Binance can now provide cryptocurrency services in Poland.

I think it's great that the worldwide community is supporting the cryptocurrency industry, this is a significant boost, and I think more nations will follow the present global trend.

https://www.binance.com/en/blog/ecosystem/binance-moves-forward-with-local-development-and-regulatory-compliance-in-poland-1233996135851733478

Yes they need that in order for them to be available in many countries, I think Binance CEO came to our country last year have some talks but I don't know if what is the purpose for that, maybe for them to be legally available in here? because this country is not yet open to crypto and they treat it as a threat to our economy and the whole nation. That's good actually, if they want to reach for more people they need to get approval from the government as well.

If Binance would comply with all the requirements for countries' approval, more countries could experience the benefit of their cryptocurrency services. Recently, Binance has been facing issues in our country since they can't comply with the requirements being asked by our government but so far, we're still able to use Binance freely here.
We can't question why most traders prefer Binance because it's the most trusted exchange so far so people will always choose it not just because it's a top exchange but also to the good service that they provide.

But I hope it is not only binance to do the same thing, also ither exchangers to make adoption of this technology faster and for more people to benefit from this industry. Many countries are aware of the existence, advantages and disadvantages of using this blockchain on transactions but majority chose to be neutral because they probably worried that their people could be at risk by promoting it to them. The market prices are too volatile even at this point which could be a problem with regards to general market equality of prices, wherein it could result to losses at some times especially during market downfall. Non-crypto users will surely have a hard time which I think governments are also considering and also, taxation. But let us look up into it, in the future, for developments.

virasisog

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Quote from: molsewid on January 21, 2023, 10:59:21 AM

Quote from: Spaceman1000$ on January 18, 2023, 08:50:18 AM

With governmental authorisation, Binance can now provide cryptocurrency services in Poland.

I think it's great that the worldwide community is supporting the cryptocurrency industry, this is a significant boost, and I think more nations will follow the present global trend.

https://www.binance.com/en/blog/ecosystem/binance-moves-forward-with-local-development-and-regulatory-compliance-in-poland-1233996135851733478

Yes they need that in order for them to be available in many countries, I think Binance CEO came to our country last year have some talks but I don't know if what is the purpose for that, maybe for them to be legally available in here? because this country is not yet open to crypto and they treat it as a threat to our economy and the whole nation. That's good actually, if they want to reach for more people they need to get approval from the government as well.

If Binance would comply with all the requirements for countries' approval, more countries could experience the benefit of their cryptocurrency services. Recently, Binance has been facing issues in our country since they can't comply with the requirements being asked by our government but so far, we're still able to use Binance freely here.
We can't question why most traders prefer Binance because it's the most trusted exchange so far so people will always choose it not just because it's a top exchange but also to the good service that they provide.

molsewid

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Quote from: Spaceman1000$ on January 18, 2023, 08:50:18 AM

With governmental authorisation, Binance can now provide cryptocurrency services in Poland.

I think it's great that the worldwide community is supporting the cryptocurrency industry, this is a significant boost, and I think more nations will follow the present global trend.

https://www.binance.com/en/blog/ecosystem/binance-moves-forward-with-local-development-and-regulatory-compliance-in-poland-1233996135851733478

Yes they need that in order for them to be available in many countries, I think Binance CEO came to our country last year have some talks but I don't know if what is the purpose for that, maybe for them to be legally available in here? because this country is not yet open to crypto and they treat it as a threat for our economy and for the whole nation. That's good actually, if they want to reach for more people they need to get approval from the government as well.

justdimin

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Quote from: inthelongrun on January 20, 2023, 08:53:07 AM

I must admit that I like what Binance is doing. They are knocking on the doors of many countries in order for them to operate legally and within authorities' specific regulations. This is probably one of the secrets to the longevity of Binance at the top. Prior to them, there was Poloniex then Bittrex, and then the Korean, Chinese, and Japanese exchanges that also made it to the top. But Binance has remained at the top for some years now. Maybe it will be toppled soon but I just hope it is not the way FTX lost its ranking.

I think the idea of Binance being at the top is the reason why we trust it, not that Binance itself is not trustworthy, it is trustworthy for sure but it should be trustworthy for their security and history and their cold wallets and so forth which are real reasons why people would put their money in there with ease without worrying about any hacking, not because they are top ranked.

So, anyone who puts their money in there because of the ranking do something wrong but also do the right thing as a result. It's like math exams, you do wrong calculation and then luckily end up on the right result, sometimes it happens so it's okay but it's better to know the real way.

Sayeds56

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Quote from: Spaceman1000$ on January 18, 2023, 08:50:18 AM

With governmental authorisation, Binance can now provide cryptocurrency services in Poland.

I think it's great that the worldwide community is supporting the cryptocurrency industry, this is a significant boost, and I think more nations will follow the present global trend.

https://www.binance.com/en/blog/ecosystem/binance-moves-forward-with-local-development-and-regulatory-compliance-in-poland-1233996135851733478

Indeed, Binance is a leading & respected exchange in crypto industry with highest trading volume & largest variety of trading pairs available on its platform. The permission granted by Polish government to Binance to provide investment and trading services to polish citizens, is a positive development, which is welcome move towards creating awareness and demand of crypto currencies in the country, however the price of Bitcoin and other crypto currencies is influenced by many factors, including overall technological development & advancement in crypto space, condition of global economy, interest rates and market sentiments, driven by technical factors like oversold or overbought position of market.

Oilacris

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Quote from: Distinctin on January 20, 2023, 05:43:44 PM

Quote from: Haunebu on January 20, 2023, 07:24:30 AM

This news won't really boost the crypto market in a significant way since Poland isn't a major market op. This change helps polish citizens, but doesn't really affect people residing in other countries around the world.

Sad to see more and more crypto sites giving in to regulatory demands, but it's understandable for various reasons.

Although the news is not really a huge significant to the crypto market, but i would say it’s better than having nothing done. At least, this will pave way for people to get involved with crypto and this will open their eyes later on that having a decentralized exchange is way better than those decentralized ones. But I’m glad how Binance has managed to be successful nationwide, at least we know it’s also bringing more popularity for crypto.

Any positive news would be always positive whether it would be giving out some significant impact on the market or not but in terms of recognition then it would be always that considerable.

Juist bare up in mind that not all news would really be affecting crypto space.Most of the time it would really be just good as plain news and nothing more but in overall which it do shows that
Bitcoin or crypto space is really getting that attention that we do really need to see up.

Hope that there would be more positive news and events that correlate with Bitcoin or entire crypto space on upcoming years.

Distinctin

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Quote from: Haunebu on January 20, 2023, 07:24:30 AM

This news won't really boost the crypto market in a significant way since Poland isn't a major market op. This change helps polish citizens, but doesn't really affect people residing in other countries around the world.

Sad to see more and more crypto sites giving in to regulatory demands, but it's understandable for various reasons.

Although the news is not really a huge significant to the crypto market, but i would say it’s better than having nothing done. At least, this will pave way for people to get involved with crypto and this will open their eyes later on that having a decentralized exchange is way better than those decentralized ones. But I’m glad how Binance has managed to be successful nationwide, at least we know it’s also bringing more popularity for crypto.

Russlenat

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Quote from: Spaceman1000$ on January 18, 2023, 08:50:18 AM

With governmental authorisation, Binance can now provide cryptocurrency services in Poland.

I think it's great that the worldwide community is supporting the cryptocurrency industry, this is a significant boost, and I think more nations will follow the present global trend.

https://www.binance.com/en/blog/ecosystem/binance-moves-forward-with-local-development-and-regulatory-compliance-in-poland-1233996135851733478

Binance is the most successful and leading crypto exchange all over the world. So it’s far to expect that it won’t be successful in Poland unless the government itself is giving it a hard time to start its business and offer cryptocurrency services. But I don’t see it that way based on the news, Binance is even fully supported worldwide and this could mean another huge success conquering Poland and all its citizens.

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Quote from: Spaceman1000$ on January 18, 2023, 08:50:18 AM

With governmental authorisation, Binance can now provide cryptocurrency services in Poland.

I think it's great that the worldwide community is supporting the cryptocurrency industry, this is a significant boost, and I think more nations will follow the present global trend.

https://www.binance.com/en/blog/ecosystem/binance-moves-forward-with-local-development-and-regulatory-compliance-in-poland-1233996135851733478

With the fast expansion of Binance, people will also come to realize it that crypto is here for good so why not make use of it than to focus on fiat alone when in fact it’s value is now seen depreciating. And maybe Poland has also seen this coming that’s why they give their full support for Binance so it can provide best services in their own country. Polish people will also benefit crypto and Binance in the long run.

inthelongrun

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I must admit that I like what Binance is doing. They are knocking on the doors of many countries in order for them to operate legally and within authorities' specific regulations. This is probably one of the secrets to the longevity of Binance at the top. Prior to them, there was Poloniex then Bittrex, and then the Korean, Chinese, and Japanese exchanges that also made it to the top. But Binance has remained at the top for some years now. Maybe it will be toppled soon but I just hope it is not the way FTX lost its ranking.

Haunebu

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This news won't really boost the crypto market in a significant way since Poland isn't a major market op. This change helps polish citizens, but doesn't really affect people residing in other countries around the world.

Sad to see more and more crypto sites giving in to regulatory demands, but it's understandable for various reasons.

Lida93

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A lot of policy compliance must have gone underground for such acceptance by the Polish government for binance to operate in their territory but it's all good looking at it on the brighter side as it will encourage more polish citizens to get involved in crypto boosting a wider acceptance and usage, and know for themselves the advantageous differences between centralized exchanges and decentralized.

Even though binance is a centralized exchange, taken that away from them I can boldly applaud them for taking crypto to places and spreading the awareness.

MarjorieZimmermanGinger

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A good step taken by Binance, considering that Binance has almost controlled all existing territories, there is no choice but to accept and comply with government policies in order to operate legally in Poland, this reflects Binance's seriousness in serving part of the needs that are intended for anyone and maybe they have also given beneficiary access to some monitoring policies, so the potential for Binance to grow and develop will be even greater in the future in Poland.

This good news will make crypto supporters in Poland even more comfortable in transacting using Binance, because now they are operating legally in the area, but if this news is real and has been approved by several government options.

Finestream

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Quote from: Bitstar_coin on January 18, 2023, 09:29:26 AM

They don't really have much choice than to comply to government policies to enable them operate in these countries. What is worth doing, is worth doing well. Binance is determined to be the number one crypto exchange in the world and in other to achieve that they have do what is necessary.
I think people of Poland will be confident enough to trade in binance knowing they have followed all due process. And this is another job opportunity for people over there.

Binance aims to conquer the whole universe so this is not really new to us as Poland is also their target since the crypto exchanges and trading here are widely legal. Well, aside that it’s an advantage for Binance to be trusted internationally, also this will create more crypto job opportunities for people in Poland including trading and investing.

Gyfts

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Quote from: Minor Miner on January 19, 2023, 12:10:48 AM

Binance is a centralized exchange, and many people may not like it, but admittedly it is the best performing exchange even during this bear season. In addition to the collapse of exchanges like FTX, even Coinbase and Kraken have just halted operations in Japan because of the bear market. But meanwhile, Binance is recruiting more employees to expand the market. Show that they are a powerful force in the market, but I wouldn't be too fond of Binance getting bigger and bigger, leading to a market monopoly, and they will easily manipulate everything.

They're potentially on the way to a monopoly which gets dangerous because they begin to apply too much market on crypto, and of course if they collapse then it will take Bitcoin with it.

Unfortunately it seems centralized exchanges are the only way normal citizens prefer to dabble in crypto. Bitcoin isn't adopted to the point that someone could easily take fiat currency and swap it in a P2P transaction without having intermediary exchanges involved.

Topic: Another Boom for the crypto market. (Read 377 times)