It will make FUD with all the headlines, especially knowing that the SEC is involved. It's going to be one hell of a ride again. At the time of posting, all the markets are now in red. Could this be one of the catalysts for it?
I think this will always be a problem for pioneers of cryptocurrencies, and they will always be subject to investigation. I'm curious about what the conclusion will be in the coming years.
It appears CZ might need to buy shares of another mainstream media company again heheheheehe.
Is this a reference to something? I wasn't aware of him buying for mainstream media or something.I think this will always be a problem for pioneers of cryptocurrencies, and they will always be subject to investigation. I'm curious about what the conclusion will be in the coming years.
I am not certain if this was one of the catalysts because it appears the market has been dumping on any type of negative news recently hehe. There are people who speculate that Alameda Research is the one manipulating these market movements. There is no proof to prove it, however.
In any case, Binance published their own article to deny everything that has been written in Reuter's article. It appears CZ will not accept this without a fight. This is a long article which also shared Binance's email exchange with Reuters.
Last week we published a blog that debunked the myth often pushed by adversaries of our industry that crypto is a “haven” for illicit money laundering. Sadly, our industry has to continue addressing these issues over and over again as interested parties continue to spread disinformation or purposely mislead the general public by leaving out critical context, such as how much more effective crypto is than the traditional banking system at casting sunlight on illicit activity.
Sadly, we have seen these types of misleading articles seep into more esteemed media outlets on occasion. One author who has published a number of these “breathless pearl clutching” articles ran another piece today. And like their last article, which was brutally fact-checked by multiple third parties including the centerpiece of their story, this latest iteration is rife with falsehoods, massive leaps to conclusions, and relies on poor data that could have been fact-checked by reaching out to one of the major on-chain analyst firms, like Chainalysis or TRM.
We highly suggest you ignore those authors and pundits who cherry pick data, rely on conveniently unverifiable “leaks” from regulators, and feed into the cult of crypto paranoia for fame or financial gain. Instead just look at the facts. Neither our industry or Binance is perfect, but we have grown by leaps and bounds over the past three years. Crypto is a completely new innovation. And just like many regulators and policymakers, we’re still working through what an appropriate regulatory framework should look like.
Source https://www.binance.com/en/blog/ecosystem/the-crypto-money-laundering-myth-and-the-machine-working-overtime-to-sell-a-false-narrative-421499824684903964
