I thought the problem had subsided, but no...
- The top management of cryptocurrency exchange Binance, began a mass exit from the company. So the top managers express their disagreement with the indifferent attitude of the head of the platform Changpen Zhaoc to the U.S. authorities' investigations into the company and him personally.
They left the company this week:
General Counsel Han Ng.
Director of Strategic Affairs Patrick Hillmann
senior vice president of compliance Stephen Christie
and others...
- Australian regulator searches local Binance office
- Binance suspends support for Multichain-related tokens
Topic: Binance crisis - how will it affect the crypto market? - page 2. (Read 1310 times)
Binance is a leader in exchanges that will have a positive or negative impact, it must be admitted that since Binance's presence has made crypto users continue to increase, this is because Binance actively campaigns and opens local exchanges in many countries and languages, and if there is a crisis or problem, of course it will create problems for the future of cryptocurrencies.
I think CZ is a smart person and ready in case something unexpected happens, like the SEC case. I think this kind of thing has been prepared beforehand and if it does happen, it's just a matter of implementing it into the operational plan in terms of completion. I think CZ also uses a team of reliable experts such as M.Kendall Day, former deputy assistant attorney general at the US Department of Justice, as a company representative to fight against SEC lawsuits. and Day's track record is also bare-bones as head of the Money Laundering and Asset Recovery Section.
The problems don't stop...
Court rejects Binance's petition against the U.S. Securities and Exchange Commission
Last week, the administration of Binance filed a petition in U.S. District Court against the Securities and Exchange Commission (SEC), claiming violations of the Securities Exchange Act. Binance asked Judge Amy Berman Jackson to prohibit SEC attorneys from making public statements that Binance and its founder Changpeng Zhao had violated U.S. customer deposit rules.
Regulators alleged that the cryptocurrency platform's administration mixed billions of customer deposits and its own assets without the ability to adequately segregate them.
Attorneys for Binance have argued that the language used by SEC officials in public statements creates confusion, influences the court's opinion and misleads the public. And in general, the Commission failed to present proper evidence in court.
Former SEC Legal Director John Reed Stark tweeted that Binance's motion for a court order against the SEC's lawyers represents the first time a cryptocurrency exchange has gone on the offensive.
But the district judge did not address the merits of Binance's claim, instead dismissing the motion outright. Judge Jackson attributed the decision to the lack of need to reiterate the ethics obligations of both parties, because it does not affect the merits of the case.
https://ru.investing.com/news/cryptocurrency-news/article-2268171
Court rejects Binance's petition against the U.S. Securities and Exchange Commission
Last week, the administration of Binance filed a petition in U.S. District Court against the Securities and Exchange Commission (SEC), claiming violations of the Securities Exchange Act. Binance asked Judge Amy Berman Jackson to prohibit SEC attorneys from making public statements that Binance and its founder Changpeng Zhao had violated U.S. customer deposit rules.
Regulators alleged that the cryptocurrency platform's administration mixed billions of customer deposits and its own assets without the ability to adequately segregate them.
Attorneys for Binance have argued that the language used by SEC officials in public statements creates confusion, influences the court's opinion and misleads the public. And in general, the Commission failed to present proper evidence in court.
Former SEC Legal Director John Reed Stark tweeted that Binance's motion for a court order against the SEC's lawyers represents the first time a cryptocurrency exchange has gone on the offensive.
But the district judge did not address the merits of Binance's claim, instead dismissing the motion outright. Judge Jackson attributed the decision to the lack of need to reiterate the ethics obligations of both parties, because it does not affect the merits of the case.
https://ru.investing.com/news/cryptocurrency-news/article-2268171
This is only a personal opinion. The scenario must be like this before the halving, so that the price tends to be corrected sideways, until after the halving then it will rally like crazy. Smart investors will see this as an opportunity that will not be obtained again in the next few months. You definitely have to be vigilant, but excessive fear can actually be an obstacle to your investment success!
It is quite clear that the SEC vs Binance case can also be considered as FUD which can impact the market. In the previous half, Covid was FUD which also had an impact on bitcoin capitalization, and if people realize that then they'll be pretty optimistic about hold their asset in long term.
The troubles with the SEC and Binance may not be over, but they just seem more in control than before. Binance is not running from prosecution, they are defending themselves with what they have. Maybe it would be good if everyone believed that it was just FUD going on for a while, and after that the market would move up.
As far as I see, the Market has already moved up and one of the reasons for that is binance and SEC situation. I would say it turned out to be more about FOMO than FUD, because binance has shown strength against accusations and it added more confidence for investors, who found another reason to join the market.
The case between Binance and the SEC is quieting down, but the crisis of Binance is not over because they are facing many difficulties in the European market when a series of governments are forcing them to stop operating in Europe. I don't think this is Fomo, but Fuds's impact on the market is still negligible.
The government crackdown on Binance will not stop anytime soon, and it could be bad for the future of Binance. But I don't see anything to panic about even if Binance is in real trouble, it's more of an opportunity for us to buy cheap bitcoin than to panic when things go down. If the market continues to dump is a rare opportunity, it is not as scary as many fear.
I would say that doubts and uncertainty are connected not with fear for the future of the cryptosphere as a whole, but with the fact that investors are in a waiting period. It is still difficult to say how recent events will affect the market. After all, at the same time there are both positive prerequisites (for example, the ETF) and negative ones (the case of binance and coinbase). Where the wind will blow is unclear.
It is true that things are not clear, but if I say what caused the price of bitcoin to skyrocket in the past few days, I think the news about the ETF is the leading cause, not the controversy surrounding Binance. Because like I said, Binance is still having a lot of trouble in the European market, and that can't be taken as good news for the market.
But no matter what news it is, I will always be happier if the market drops more because I will be able to buy bitcoins cheaply. I prefer the market with more Fuds than the Fomo.
.....
Freedom isn't an absolute entity, rather, it's harmoniously intertwined with laws and rules ensuring societal balance. Associating stringent laws with dictatorship is a misstep; many progressive societies use tough laws to safeguard citizens' rights and societal constructs.
The effects of a leadership change is a multifaceted concern, with its complex nuances, delayed repercussions, and indirect impacts often not visible outright.
Turning to Binance, the U.S. emphasizes more on international collaboration against unlawful deeds, rather than intruding into a private corporation's matters. They're focused on adherence to global regulations tackling money laundering and similar offences.
As for U.S. interference in Binance's relations with Russian citizens, it's a layered issue, entwining geopolitics, financial norms, and global law. In a globalized era, a nation's reach often extends its geographical confines.
Freedom isn't an absolute entity, rather, it's harmoniously intertwined with laws and rules ensuring societal balance. Associating stringent laws with dictatorship is a misstep; many progressive societies use tough laws to safeguard citizens' rights and societal constructs.
The effects of a leadership change is a multifaceted concern, with its complex nuances, delayed repercussions, and indirect impacts often not visible outright.
Turning to Binance, the U.S. emphasizes more on international collaboration against unlawful deeds, rather than intruding into a private corporation's matters. They're focused on adherence to global regulations tackling money laundering and similar offences.
As for U.S. interference in Binance's relations with Russian citizens, it's a layered issue, entwining geopolitics, financial norms, and global law. In a globalized era, a nation's reach often extends its geographical confines.
You see the thing is, global money-laundering schemes are a huge problem for civilized countries. And all countries are struggling with it!
And the second topic - russia and international terrorism - is a global problem which directly or indirectly affects us all. Believe me - if we continue to turn a blind eye to this, leave "loopholes" - the world will be drowning in blood very soon. And here I fully support any tough measures to stop financing of terrorist groups and terrorist regimes, because I live in the country which suffered very much, exactly from Russian terrorism, and I personally saw what "state terrorism" is...
This is only a personal opinion. The scenario must be like this before the halving, so that the price tends to be corrected sideways, until after the halving then it will rally like crazy. Smart investors will see this as an opportunity that will not be obtained again in the next few months. You definitely have to be vigilant, but excessive fear can actually be an obstacle to your investment success!
It is quite clear that the SEC vs Binance case can also be considered as FUD which can impact the market. In the previous half, Covid was FUD which also had an impact on bitcoin capitalization, and if people realize that then they'll be pretty optimistic about hold their asset in long term.
I don't think we can compare it though if we are talking about FUD. Covid-19 is real, so as far the huge drop last March 2020, it was the scare on what could be the effect of the pandemic not just for us, but for the whole market and the world. But after everything has settled down, bitcoin remains so resilient and it become a hedge against Covid-19.
The troubles with the SEC and Binance may not be over, but they just seem more in control than before. Binance is not running from prosecution, they are defending themselves with what they have. Maybe it would be good if everyone believed that it was just FUD going on for a while, and after that the market would move up.
Yes, it's not over yet, we haven't seen the decision, but it seems that Binance is ready and I doubt that there will be lingering effect on the market itself regardless of the negative outcome of the case.
This is only a personal opinion. The scenario must be like this before the halving, so that the price tends to be corrected sideways, until after the halving then it will rally like crazy. Smart investors will see this as an opportunity that will not be obtained again in the next few months. You definitely have to be vigilant, but excessive fear can actually be an obstacle to your investment success!
It is quite clear that the SEC vs Binance case can also be considered as FUD which can impact the market. In the previous half, Covid was FUD which also had an impact on bitcoin capitalization, and if people realize that then they'll be pretty optimistic about hold their asset in long term.
The troubles with the SEC and Binance may not be over, but they just seem more in control than before. Binance is not running from prosecution, they are defending themselves with what they have. Maybe it would be good if everyone believed that it was just FUD going on for a while, and after that the market would move up.
As far as I see, the Market has already moved up and one of the reasons for that is binance and SEC situation. I would say it turned out to be more about FOMO than FUD, because binance has shown strength against accusations and it added more confidence for investors, who found another reason to join the market.
The case between Binance and the SEC is quieting down, but the crisis of Binance is not over because they are facing many difficulties in the European market when a series of governments are forcing them to stop operating in Europe. I don't think this is Fomo, but Fuds's impact on the market is still negligible.
The government crackdown on Binance will not stop anytime soon, and it could be bad for the future of Binance. But I don't see anything to panic about even if Binance is in real trouble, it's more of an opportunity for us to buy cheap bitcoin than to panic when things go down. If the market continues to dump is a rare opportunity, it is not as scary as many fear.
I would say that doubts and uncertainty are connected not with fear for the future of the cryptosphere as a whole, but with the fact that investors are in a waiting period. It is still difficult to say how recent events will affect the market. After all, at the same time there are both positive prerequisites (for example, the ETF) and negative ones (the case of binance and coinbase). Where the wind will blow is unclear.
~snip~
Somewhere I can agree with you, but in general I disagree. Let me explain why...
To begin with, there is no need to "idealize" the concept of freedom. Freedom is basically everything that is not prohibited by law
And in this regard, the U.S. does absolutely legitimate - you are a U.S. citizen, you must obey the laws and adhere to them. If there are "dodgy citizens" who want to live in a successful country and not pay for it - we will find you and you will pay in full for cheating and actually stealing taxes (deliberate tax evasion, hiding additional income).
The other side is Binance. Yes, it is not a company from the U.S., and there are no claims to it. There is a "strong recommendation", from the U.S. government, not to help unclean hands, U.S. citizens, to do unlawful acts. In general, there are no more problems.
I don't know where you live, but I think your country also signed up to and complies with some of its international obligations, such as anti-money laundering, combating the financing of rogue and terrorist regimes, etc. Although this applies not only to your fellow citizens, but also to companies and people with other citizenship.
This is normal in the age of globalization.
The effects of a leadership change is a multifaceted concern, with its complex nuances, delayed repercussions, and indirect impacts often not visible outright.
Turning to Binance, the U.S. emphasizes more on international collaboration against unlawful deeds, rather than intruding into a private corporation's matters. They're focused on adherence to global regulations tackling money laundering and similar offences.
As for U.S. interference in Binance's relations with Russian citizens, it's a layered issue, entwining geopolitics, financial norms, and global law. In a globalized era, a nation's reach often extends its geographical confines.
This is only a personal opinion. The scenario must be like this before the halving, so that the price tends to be corrected sideways, until after the halving then it will rally like crazy. Smart investors will see this as an opportunity that will not be obtained again in the next few months. You definitely have to be vigilant, but excessive fear can actually be an obstacle to your investment success!
It is quite clear that the SEC vs Binance case can also be considered as FUD which can impact the market. In the previous half, Covid was FUD which also had an impact on bitcoin capitalization, and if people realize that then they'll be pretty optimistic about hold their asset in long term.
The troubles with the SEC and Binance may not be over, but they just seem more in control than before. Binance is not running from prosecution, they are defending themselves with what they have. Maybe it would be good if everyone believed that it was just FUD going on for a while, and after that the market would move up.
As far as I see, the Market has already moved up and one of the reasons for that is binance and SEC situation. I would say it turned out to be more about FOMO than FUD, because binance has shown strength against accusations and it added more confidence for investors, who found another reason to join the market.
The case between Binance and the SEC is quieting down, but the crisis of Binance is not over because they are facing many difficulties in the European market when a series of governments are forcing them to stop operating in Europe. I don't think this is Fomo, but Fuds's impact on the market is still negligible.
The government crackdown on Binance will not stop anytime soon, and it could be bad for the future of Binance. But I don't see anything to panic about even if Binance is in real trouble, it's more of an opportunity for us to buy cheap bitcoin than to panic when things go down. If the market continues to dump is a rare opportunity, it is not as scary as many fear.
This is only a personal opinion. The scenario must be like this before the halving, so that the price tends to be corrected sideways, until after the halving then it will rally like crazy. Smart investors will see this as an opportunity that will not be obtained again in the next few months. You definitely have to be vigilant, but excessive fear can actually be an obstacle to your investment success!
It is quite clear that the SEC vs Binance case can also be considered as FUD which can impact the market. In the previous half, Covid was FUD which also had an impact on bitcoin capitalization, and if people realize that then they'll be pretty optimistic about hold their asset in long term.
The troubles with the SEC and Binance may not be over, but they just seem more in control than before. Binance is not running from prosecution, they are defending themselves with what they have. Maybe it would be good if everyone believed that it was just FUD going on for a while, and after that the market would move up.
As far as I see, the Market has already moved up and one of the reasons for that is binance and SEC situation. I would say it turned out to be more about FOMO than FUD, because binance has shown strength against accusations and it added more confidence for investors, who found another reason to join the market.
This is only a personal opinion. The scenario must be like this before the halving, so that the price tends to be corrected sideways, until after the halving then it will rally like crazy. Smart investors will see this as an opportunity that will not be obtained again in the next few months. You definitely have to be vigilant, but excessive fear can actually be an obstacle to your investment success!
It is quite clear that the SEC vs Binance case can also be considered as FUD which can impact the market. In the previous half, Covid was FUD which also had an impact on bitcoin capitalization, and if people realize that then they'll be pretty optimistic about hold their asset in long term.
The troubles with the SEC and Binance may not be over, but they just seem more in control than before. Binance is not running from prosecution, they are defending themselves with what they have. Maybe it would be good if everyone believed that it was just FUD going on for a while, and after that the market would move up.
To be more precise, the recent crisis is of Binance.us and not of global Binance, people are confusing and causing unnecessary panic. The SEC has jurisdiction only in the US territory, they don't have any jurisdiction outside of the US, so it's unlikely that Binance will have a problem with the SEC. But no matter which exchange, we should not put too much of our assets on it and should not put our trust in anyone, including CZ even though they are the largest exchange in the market today. Always using a non-custodial wallet is the safest solution.
I agree, the important point is never to put all our assets in custodial but non-custodial . And it is true that much is wrong about this matter. Cz is not involved in anything because Binance US and Binance global are different. And the case that happened to Binance US has been brought to court and Binance US has been declared not having a problem. The assets submitted by the SEC to be frozen were also rejected by the judge, so there is no longer a problem, but now Binance is being examined by the Francis regulations, but not only Binance, all crypto exchanges are also included. The good news is that CZ has clarified, Binance will be cooperative and maybe it can be resolved in the near future.This is only a personal opinion. The scenario must be like this before the halving, so that the price tends to be corrected sideways, until after the halving then it will rally like crazy. Smart investors will see this as an opportunity that will not be obtained again in the next few months. You definitely have to be vigilant, but excessive fear can actually be an obstacle to your investment success!
One of these commitments like you have said, I don't think to bypass the sanction by any means will be a good taste for binance, it would be like robbing peter to pay Paul meaning no resolution because the matter will later surface and I don't think CZ would want this option. To me that will still not create a very good business environment for binance and crypto community in US as fear will still be locked in the air.
Well, whatever it was - but Binance tried to do it, and then also tried to pretend that he did not understand what it was about. The problem of circumventing sanctions to stop funding a terrorist country means that tomorrow Binance will help ANY rogue country, receive uncontrolled funding, bypass international sanctions.Now I am writing an answer, and Kyiv is undergoing another rocket attack from the country of an international terrorist, explosions are not far from me, air defense is working ... And this is a consequence of the actions of many, including Binance
Binance is a private company, and not a USA based one neither, and it does cater to Americans if they want to, they do not force anyone to use it, they offer it and if anyone wants to use it then it's available, but you want USA to be able to block Binance from working with Russians as well? You think USA should even have the right to tell Binance to stop working with Russian citizens just because of their presidents war? What a freedom.
Somewhere I can agree with you, but in general I disagree. Let me explain why...
To begin with, there is no need to "idealize" the concept of freedom. Freedom is basically everything that is not prohibited by law
And in this regard, the U.S. does absolutely legitimate - you are a U.S. citizen, you must obey the laws and adhere to them. If there are "dodgy citizens" who want to live in a successful country and not pay for it - we will find you and you will pay in full for cheating and actually stealing taxes (deliberate tax evasion, hiding additional income).
The other side is Binance. Yes, it is not a company from the U.S., and there are no claims to it. There is a "strong recommendation", from the U.S. government, not to help unclean hands, U.S. citizens, to do unlawful acts. In general, there are no more problems.
I don't know where you live, but I think your country also signed up to and complies with some of its international obligations, such as anti-money laundering, combating the financing of rogue and terrorist regimes, etc. Although this applies not only to your fellow citizens, but also to companies and people with other citizenship.
This is normal in the age of globalization.
Binance is a leader in exchanges that will have a positive or negative impact, it must be admitted that since Binance's presence has made crypto users continue to increase, this is because Binance actively campaigns and opens local exchanges in many countries and languages, and if there is a crisis or problem, of course it will create problems for the future of cryptocurrencies.
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I'm also quite sure that Binance has its own way of dealing with the problems they are facing because Binance is a very experienced exchange and is familiar with the SEC. So that Binance will also not sit idly by with the accusations thrown at them by the SEC so far and Binance is also still trying to resolve the problem this year until it is completely resolved. If you have been a Binance user for a while, you also don't have to worry about the problems faced by the exchange as long as you don't keep more assets on the exchange for a long period of time.
During such periods, it is better not to keep any funds on the exchange at all. It is clear that CZ will use all possible means to solve problems with regulators, but Binance has been actively cooperating with them before this incident, so this situation is not so simple and may take a long time to resolve.
The pressure on Binance began to be exerted for a long time before of this lawsuit and the exchange has been experiencing a very large outflow of funds for a very long time, which shows its resilience, but who knows how many more possible blows it will withstand. But as time has shown, this did not have any significant effect on the market, only minor local drawdowns, which recovered very quickly, so most likely CZ will continue to try to resolve these issues and keep the binance afloat.
One of these commitments like you have said, I don't think to bypass the sanction by any means will be a good taste for binance, it would be like robbing peter to pay Paul meaning no resolution because the matter will later surface and I don't think CZ would want this option. To me that will still not create a very good business environment for binance and crypto community in US as fear will still be locked in the air.
Well, whatever it was - but Binance tried to do it, and then also tried to pretend that he did not understand what it was about. The problem of circumventing sanctions to stop funding a terrorist country means that tomorrow Binance will help ANY rogue country, receive uncontrolled funding, bypass international sanctions.Now I am writing an answer, and Kyiv is undergoing another rocket attack from the country of an international terrorist, explosions are not far from me, air defense is working ... And this is a consequence of the actions of many, including Binance
Binance is a private company, and not a USA based one neither, and it does cater to Americans if they want to, they do not force anyone to use it, they offer it and if anyone wants to use it then it's available, but you want USA to be able to block Binance from working with Russians as well? You think USA should even have the right to tell Binance to stop working with Russian citizens just because of their presidents war? What a freedom.
I'm also quite sure that Binance has its own way of dealing with the problems they are facing because Binance is a very experienced exchange and is familiar with the SEC. So that Binance will also not sit idly by with the accusations thrown at them by the SEC so far and Binance is also still trying to resolve the problem this year until it is completely resolved. If you have been a Binance user for a while, you also don't have to worry about the problems faced by the exchange as long as you don't keep more assets on the exchange for a long period of time.
During such periods, it is better not to keep any funds on the exchange at all. It is clear that CZ will use all possible means to solve problems with regulators, but Binance has been actively cooperating with them before this incident, so this situation is not so simple and may take a long time to resolve.
The pressure on Binance began to be exerted for a long time before of this lawsuit and the exchange has been experiencing a very large outflow of funds for a very long time, which shows its resilience, but who knows how many more possible blows it will withstand. But as time has shown, this did not have any significant effect on the market, only minor local drawdowns, which recovered very quickly, so most likely CZ will continue to try to resolve these issues and keep the binance afloat.
As I'm reading this opinion, the more I agreed with this actually. SEC does not sit idly and accused other crypto/exchange a security or something. But pretty sure, Binance team learn their mistake and try to defend againts all will.
I'm also quite sure that Binance has its own way of dealing with the problems they are facing because Binance is a very experienced exchange and is familiar with the SEC. So that Binance will also not sit idly by with the accusations thrown at them by the SEC so far and Binance is also still trying to resolve the problem this year until it is completely resolved. If you have been a Binance user for a while, you also don't have to worry about the problems faced by the exchange as long as you don't keep more assets on the exchange for a long period of time. I think the problems of Binance are partly related to the geopolitical tensions between the U.S. and China, as well as the regulatory uncertainty and scrutiny that surrounds the crypto industry in general. I think the problems of Binance will have a significant impact on the crypto market and users, as it may affect the liquidity, security, innovation and reputation of the sector.
But I know Cz will have a good stand in this and maybe he already prepared this thing before it happen. We all know the rivalry of US and China. I am sure his legal team has prepared a lot, it will affect the market but it will not be so huge and market is always like that, when well known institution got a problem with sec market reacts, it is not new in our crypto world this thing. snipped~
I can agree with you on the basis of altcoins because I have been saying for years that if a single individual creates a coin and sells it to you, that's shares, and that's mainly a scam 99% of the time, I can create a token in 5 minutes, it became that easy, and would you pay me to give you some of that? Of course not, but some people spend money on designs, and websites, and social media and suddenly people start to believe there is a layer there, there is none what so ever, that guy spent 5 minutes on the token and fooled you with paint.However, the "LAWS, USA, ACCEPTABLE!!" parts are just bunch of BS, I get it, you love USA and kudos to you, I hope I can love any nation like that ever, but the reality is that they are making the playbook as it goes, not that they are making it valid when they are first starting, they are changing stuff in the middle. That's the issue.
Nobody told Binance they can't work with Russian citizens when they first started, USA was happy to accept Binance and the tax they pay from their income for years, and then one day there were sanctions and USA asked Binance to participate, well when Binance started this wasn't a requirement, so why do they have to follow every time USA wants to change something? What if they change it to "only bitcoin no other coin from now on" tomorrow? Or what if they say "crypto companies have to pay 99% taxes?" that's not going to be okay, is it? Maybe they sound too crazy for you, but USA wants to block an ENTIRE NATION right now, that's as crazy as it gets.
1. Everything is correct here, and this is why the SEC has no complaints about Bitcoin, but there are questions about many altcoins. It's nice to have the same opinion.
2. Do you think US Laws are not acceptable to US Citizens? Perhaps I conveyed something not quite qualitatively in a language that is not my native language. But .. Specify what you did not like so much in this proposal of mine?
Regarding the fact that I "love the USA", I will tell you a secret - I adore the Czech Republic, its capital Prague with beautiful bridges, and the country as a whole - due to beautiful cities, friendly people, delicious cuisine. I adore Poland, I lived in Warsaw for several years as a child. Lazienki Park is a must visit. And Krakow? Mmmm... Their little confectionery shops?! This is a fairytale. Or Estonia - a beautiful, small country with a long history and a beautiful center of the capital - Tallinn. And Singapore? One port from the height of the cable car to Sentosa Island is worth seeing, and Archidea Park is not to be missed. Mexico, Cancun or Playa del Carmen is an amazing place for a tourist! The oldest culture, visit at least Chechen Itza or the dead city of Tulum .. Sri Lanka - wild nature, a sky showered with stars, friendly people and the ocean! The United States is a world of technology, huge amazing territories, Yellowstone, Alaska, ... And a few dozen more countries that I was lucky to visit in my life. And I love them all! But not only the USA, do not attribute to me what is not there
"No one told Binance that they cannot work with Russian citizens," - and here you start to manipulate or are simply mistaken! And it's very easy to prove. The SEC and some other "services", after the imposition of sanctions against the country of the terrorist, imposed sanctions, and all financial institutions and organizations were provided with information that Russia, and its citizens, are at risk, they can take measures to bypass the sanctions, in including financial ones, and the task of any international financial structures is to ensure the implementation of sanctions, and not to create conditions for this group of people who implement services that allow you to enter, transform and transfer any funds, violating INTERNATIONAL sanctions.
Please - carefully read the accusations from the US, including France, who openly say that Binance is accused of money laundering, and providing services to circumvent international sanctions. Yes, there were no specific names, but a simple and clear explanation - PROHIBITE fiat-cryptocurrency-fiat transactions for users with Russian citizenship, or companies registered in Russia, or such companies where the ultimate beneficiary is a citizen of Russia. Study and the question will be removed!
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