I avoided interacting with the Binance cryptocurrency exchange for a very long time. I didn't really like that Binance is a centralized exchange.
Of course, I understood that Binance is a very popular project and many interesting events are taking place on this platform. However, for some reason, I avoided registering on this platform.
However, I recently bought a BNB token. And since then, I have been reading more and more information materials about potential problems in this ecosystem.
Binance has a very well thought out international organizational structure. This structure combines legal and illegal elements.
It seems that the management of Binance is using every opportunity to make a profit. Previously, this did not bother anyone, everyone understood that some entrepreneurs work in a gray zone and this is normal.
However, now the world has changed dramatically. Now regulators make many decisions based not on economic, but purely political considerations.
Probably, the leadership of Binance is forced to cooperate with the special services of different countries, and this significantly increases the risk of criminal prosecution of the management of the cryptocurrency company and the presentation of property claims to it.
I agree that very often, companies follow the path of the saying "money does not smell" or "pecunia non olet" (c) the Roman emperor Vespasian.
But is there any common sense? At a minimum, there should be some kind of "stop limit" in trying to make money everywhere, in any way, in any way. This is a direct path towards the border, beyond which there is already illegal reality. And having accelerated strongly, you can simply not have time to slow down - and by inertia cross this line. If everything is there, as the accusations sound, it seems that you need to be careful with deposits and storage of assets on Binance ....
It is very difficult to run a business in compliance with all the rules. Especially when it comes to such an innovative area as cryptocurrencies.
The purpose of a business is to make a profit. Accordingly, if you start your business in a gray zone, in areas that have not yet been regulated by regulations, then your strategy is aggression and expansion. You need to take a monopoly place in this field of activity and earn a lot of money. Then you have a chance to negotiate with everyone, formalize a completely legal business and create a legendary technology company.
But initially there will be many pitfalls on the way of your ship.
We are all law-abiding people here, but there is a suspicion that having earned a very large amount of money, you can lobby for those laws that will protect your interests.
And if you do not manage to earn enough money and lobby for the laws you need, then the existing laws will be turned against you ... There is a suspicion that many businessmen have faced this, and only a few managed to successfully maintain their business, turning it into a top super company.
Absolutely agree ! In fact, any business, and the larger, the larger - the closer to the moves on the borders of the law. It is foolish to deny and argue. And this is in all countries, with all regimes, with any religion. This is BUSINESS. But there are nuances. For example, failure to comply with some requirements of international regulators. Moreover, two years ago, Binance said yes, we will comply with all conditions, we understand, we accept the rules of the game. Then they are violated. This is already a primitive deception.
The second side of this story is moral and ethical moments. Sponsoring a terrorist war and the side of the aggressor, or providing mechanisms for such actions is not the best way to fame ... For example, if this is proven, Binance will become a "forbidden land" for me, I will not offer it to anyone as a quality exchange.
This is purely my opinion, I do not impose it on others.
