@stompix. The problem is you think CZ is part of the exclusive club of insiders. He is not, he is an outsider. None of the founders and CEOs from the cryptospace are in the club. In reality, our rulers and the masters of traditional finance are ordering their footmen in the government to attack crypto CEOs like CZ, Brian Armstrong and Jesse Powell because the rulers want to takeover.
If you really trust uncle Gary or grandma Yellen, that they are attacking Binance and Coinbase because they want to protect us the small minnows, hehehe okay. There is nothing more to argue about.
The US Securities and Exchange Commission’s consecutive lawsuits against crypto exchanges Binance and Coinbase put the crypto market at risk of paring its near-50% rally year-to-date. However, Dawn Fitzpatrick, the CEO of Soros Fund Management, asserted that the recent tumult provides an opportunity for traditional finance to “take the lead.”
Source https://coinchapter.com/sec-vs-exchanges-battle-made-crypto-ripe-for-a-takeover-says-soros-fund-management/
Topic: Binance to suspend GBP deposits/withdrawal (Read 274 times)
If you do not want to believe it, I will not argue with you.
Let me spell it our for you so we can end this once or all!
Banks, wall street, governments, corporations, reptilians, no matter how bad they are, CZ is 100 times worse than them!
Got it? If you don't believe it after what you have seen coming from him, how he lied thousands of times how he covered up all his shit, how is actively campaigning against Bitcoin through his exchange, then, sorry but I too can't argue with you anymore!
@LeGaulois. CZ in America? I am sorry but I disagree. CZ does not have any power in America. This is why he is being sued by the SEC. Also, lobbying? It appears that you do not understand.
Exactly, lobbying!
Do you know how much of the extra fees CZ charges Bitcoin users have gone to lobbying firms?
And it's not money that the company somewhat magically produces by doing anything that can be called productive, it's just a ton of our money!
In any case, I know we can agree that too much corporate power is the biggest enemy of democracy and it is presently happening in many countries.
And Binance is not a global company that aims for a total monopoly in crypto. Right! Got it!
@LeGaulois. CZ in America? I am sorry but I disagree. CZ does not have any power in America. This is why he is being sued by the SEC. Also, lobbying? It appears that you do not understand. I am talking about the deep state, the corporate billionaires, the kings of tradional finance, the groups of people who control much of the wealth. If you think this only a conspiracy theory, I will not argue.
In any case, I know we can agree that too much corporate power is the biggest enemy of democracy and it is presently happening in many countries.
In any case, I know we can agree that too much corporate power is the biggest enemy of democracy and it is presently happening in many countries.
big corporations have always maintained great influence over the government and the people behind it. The outcome of this is our good politicians are ordered to create policies that put corporate interests first before public interests.
But that's exactly what CZ has been doing and at a higher level in his niche. It's called lobbying but in politics they're lobbies in both sides, people often forget that. With Binance, you have only 1 side. The other side is us, the bitcoiners, but we don't have the same power
There's one thing we all have: presidential elections. We have the choice
But when the population votes for a clown, we shouldn't be surprised to get a clown's result. We've got what we deserve. Look at how Europe is dead. If we really want, we can kick out big corporations if the population decides to wake up
At the opposite, CZ doesn't give you the right to vote for anything. Imagine if Binance was a kind of "big corporation"
@stompix. It is not a conspiracy theory. Unless you live under a rock, you will know the reality that big corporations have always maintained great influence over the government and the people behind it. The outcome of this is our good politicians are ordered to create policies that put corporate interests first before public interests.
If you do not want to believe it, I will not argue with you.
If you do not want to believe it, I will not argue with you.
On Binance being kicked out of many jurisdictions, be careful what you wish for. CZ is a clown crypto hustler very much similar to Justin Sun,
however, this coordinated crackdown should be concerning because do you know who will take over?
however, this coordinated crackdown should be concerning because do you know who will take over?
Yeah, we should revive and free Madoff because the other guys might be worse!
The people who own you. The rulers of your countries, the real criminals, the manipulators behind traditional finance.
Yeah the tinfoil manufacturers, the hat designers, those back alley dealers that charge you 200% extra for a hat that truly protects you from the NSA.
And this is how you make a f*** hero out of a piece of s* scammer and manipulator thinking this guy is to worse than some reptilian shadow government when in reality he is 100 times worse than everything out there. No matter how bad the banks are, how they always try to avoid regulations how they do some shady deals behind the counter, it pales in comparison to what CZ is doing in the crypto world and has no comparison whatsoever when it comes to how the manipulative piece of s* is acting!
So get over it, a world without CZ is far better!
On Binance being kicked out of many jurisdictions, be careful what you wish for. CZ is a clown crypto hustler very much similar to Justin Sun, however, this coordinated crackdown should be concerning because do you know who will take over? The people who own you. The rulers of your countries, the real criminals, the manipulators behind traditional finance.
Just in a few days, and everything started with the SEC. So either all the countries decided to wake up at the same time, and I have no problem with that since I'm all for a justice. But it's strange that this is happening so quickly.
Maybe because somebody leaked what's happening there and how rotten the whole deal is ?
Binance has always been in trouble and I will not forget how CZ was fleeing Japan in a plane while tweeting that everything is fine and that Biannce was in talks with regulators and was screaming FUD and #safu and threatening people with lawsuits for defamation.
Then it was Malta but it wasn't actually Malta dn then Cyaman Islands and so on
And anyhow, all those events in the EU are more closely related to MiCA than the SEC, Binance knew all along they will not last in the EU without playing by the rules. So in retrospective:
2021: Germany:
https://www.reuters.com/technology/germanys-financial-watchdog-warns-crypto-exchange-binance-over-stock-tokens-2021-04-29/
2022; Netherlands:
https://decrypt.co/105323/dutch-central-bank-imposes-3-3-million-fine-crypto-exchange-binance
2022 Philipines:
https://coingeek.com/dont-invest-with-binance-philippines-securities-regulator-says/
2022 Canada:
https://cointelegraph.com/news/binance-tells-regulators-it-will-cease-operations-in-ontario-for-real-this-time
And the list could go for pages.
I hate Europe but for the first time in my life I'm glad, seeing them throwing binance out.
I may become Pro-Europe later
I may become Pro-Europe later
I want to become a pro-Earth guy, which would mean kicking Binance out of...
Honestly, it looks like the USA hates Asian businesses and Asian CEOs and does everything to vanish them (Binance, TikTok). The USA orders Nvidia and AMD to stop selling AI chips to China. Both of them have Asian CEOs, but it hasn't ordered the same to IBM, Intel or Alphabet, these corporations don't have Asian CEOs btw.
Asian=/=China and asians=chinese, and India is in Asia, btw!
Also, Alphabet uses Nvidia chips and Intel doesn't even have one share in this market, their newest chips will be probably launched in 2024 and IBM is not making their own chips anymore.
If you check what happened the last 3-4 weeks:
- USA with the SEC
- In the Netherlands, fired. no licence so go out.
- In France, an investigation by the AMF since last year but we leaned abour it a few days ago
- In Canada, same story as in the Netherlands,
- Germany, refuse the licence
- Belgium don't want Binance
Just in a few days, and everything started with the SEC. So either all the countries decided to wake up at the same time, and I have no problem with that since I'm all for a justice. But it's strange that this is happening so quickly.
- USA with the SEC
- In the Netherlands, fired. no licence so go out.
- In France, an investigation by the AMF since last year but we leaned abour it a few days ago
- In Canada, same story as in the Netherlands,
- Germany, refuse the licence
- Belgium don't want Binance
Just in a few days, and everything started with the SEC. So either all the countries decided to wake up at the same time, and I have no problem with that since I'm all for a justice. But it's strange that this is happening so quickly.
Meanwhile, another news related to SEC Coinbase seeks dismissal of SEC suit, claims extraordinary abuse of process 29th June
SEC to present response to Coinbase’s legal defense on July 13 30th June.
Even though this is not a new case, still worth following. Coinbase started to closing users accounts without explaining anything to their users.
https://bitcointalksearch.org/topic/coinbase-i-cant-withdraw-my-funds-via-paypal-5457383
On the regulators of Germany's refusal to approve Binance's application for license, there are many clickbait headlines being created behind this. Binance can still operate in Germany but it only cannot advertise in the country.
There is no impact on the users' ability to deposit, withdraw, buy or sell.
As of February 2023, Binance had as many as 2 million German users, per Wirtschaftswoche, which makes the exchange one of the biggest platforms in the country. Moreover, even if Binance doesn’t have a license in Germany, technically users can still navigate and use the exchange.
Source https://decrypt.co/146699/germanys-bafin-rejects-binance-crypto-custody-license-report
There is no impact on the users' ability to deposit, withdraw, buy or sell.
As of February 2023, Binance had as many as 2 million German users, per Wirtschaftswoche, which makes the exchange one of the biggest platforms in the country. Moreover, even if Binance doesn’t have a license in Germany, technically users can still navigate and use the exchange.
Source https://decrypt.co/146699/germanys-bafin-rejects-binance-crypto-custody-license-report
That's what I thought at first, but when I saw Europe doing the same thing, it didn't make sense to me.
I hate Europe but for the first time in my life I'm glad, seeing them throwing binance out.
I may become Pro-Europe later
I think that most of the time, Europe does what America demands. And in terms of technological progress, some countries, like Germany, are way back compared to some 3rd countries. I wouldn't rule out that EU hates tech progress so much that they are throwing Binance because of that I hate Europe but for the first time in my life I'm glad, seeing them throwing binance out.
I may become Pro-Europe later
Rarely 5G, still have to pay with cash in Bus instead of cards, oh shit!Btw why do you hate Europe? It's not really bad, I think EU people underestimate the benefits their country offers to them cause they haven't lived outside in poor countries.
I would love to move in a country that's mixture of EU and the USA and they speak English there
Probably my best bet is Canada but I'm afraid they aren't doing well lately and Australia is amazing but I would get OCD and nightmares if I were to frequently see poisonous animals.
@Darker45
I admit I've forgotten everything that happened before, so thank you for the historical background.
So if we look back, your opinion is correct and what we're seeing is just one wave among many
@Synchronice
I remember ~15 years back, you could open a company for ~30£ in GB, and it was possible to do it online. As for the offices, it's virtual office that you pay 10$ per month to company like Regus
The usual USA v China war.
That's what I thought at first, but when I saw Europe doing the same thing, it didn't make sense to me.
I hate Europe but for the first time in my life I'm glad, seeing them throwing binance out.
I may become Pro-Europe later
I admit I've forgotten everything that happened before, so thank you for the historical background.
So if we look back, your opinion is correct and what we're seeing is just one wave among many
@Synchronice
I remember ~15 years back, you could open a company for ~30£ in GB, and it was possible to do it online. As for the offices, it's virtual office that you pay 10$ per month to company like Regus
The usual USA v China war.
That's what I thought at first, but when I saw Europe doing the same thing, it didn't make sense to me.
I hate Europe but for the first time in my life I'm glad, seeing them throwing binance out.
I may become Pro-Europe later
It's true in the UK, the agencies are quite bothering with CEXs, but if companies don't follow the regulations, it won't help.
Adding the fact here with PaySafe that decided to stop making business with Binance... the result is normal.
I do agree that Binance is not a honest company and more likely belongs to shady ones but there is a thing that I don't understand in the UK. Why are there tons of HYIPs based in London, UK? Why do they let these companies to register there and open offices, get license and so on?Adding the fact here with PaySafe that decided to stop making business with Binance... the result is normal.
So it's not going well for Binance. The same partner (Paysafe) who decided to no longer support Binance's GBP transfers, is now doing the same thing for the EUR (SEPA) transfers[1] (starting 25th of September).
This really makes me curious as to what the problem could be here especially when there are other exchanges (as I mentioned above) that are using the same partner.
This really makes me curious as to what the problem could be here especially when there are other exchanges (as I mentioned above) that are using the same partner.
Obviously, many things are going against Binance. I have thought for a long time that some kind of campaign is being conducted to reduce the dominant position that this exchange has.
What doesn't work for them is that many of their users are not serious supporters of centralized exchanges, so this type of campaign is tacitly tolerated.
If you check what happened the last 3-4 weeks:
- USA with the SEC
- In the Netherlands, fired. no licence so go out.
- In France, an investigation by the AMF since last year but we leaned abour it a few days ago
- In Canada, same story as in the Netherlands,
- Germany, refuse the licence
- Belgium don't want Binance
Just in a few days, and everything started with the SEC. So either all the countries decided to wake up at the same time, and I have no problem with that since I'm all for a justice. But it's strange that this is happening so quickly.
Adding a few bank partners to the receipt and voilà.
Well, if it's a conspiracy, it's a good one
There could also be political reasons behind it, as well as strategy economic ones.
- USA with the SEC
- In the Netherlands, fired. no licence so go out.
- In France, an investigation by the AMF since last year but we leaned abour it a few days ago
- In Canada, same story as in the Netherlands,
- Germany, refuse the licence
- Belgium don't want Binance
Just in a few days, and everything started with the SEC. So either all the countries decided to wake up at the same time, and I have no problem with that since I'm all for a justice. But it's strange that this is happening so quickly.
Adding a few bank partners to the receipt and voilà.
Well, if it's a conspiracy, it's a good one
There could also be political reasons behind it, as well as strategy economic ones.
I think it's not really the SEC that started it all. Neither is this a case of all countries suddenly waking up simultaneously. This has long been a pattern of Binance's fate in many countries. It's not because of the US SEC; it's because of how Binance conducts its business.
We take note that Binance withdrew from Canada around a month before the SEC filed a lawsuit against Binance and CZ. Furthermore, Binance has been struggling with UK's FCA for years now. It also faced similar problems in Australia. It was also blocked from Italy. Binance was also kicked out from Japan. It was also compelled to shut down its Singapore operation. Binance also faced a criminal complaint in Thailand. It was also banned in Malaysia. The list goes on.
And it's not because of something initiated by the US; it's simply because Binance operates illegally, gets caught, attempts to register and submit to regulatory policies, and then they either succeed or they pack up and leave.
Yeah right, but Binance isn't saying the full story to people. The company failed to obtain the VASP License in Austria so they decided to withdraw its application. If you fail, you give up and move on.
The FMA financial supervisory authority didn't want them so no license given. And with no license, Binance is an illegal refugee there. They were already operating without it since the begining.
Bitpanda has the VASP license in Austria and it didn't have a problem to get it, I guess. Why? Because they're fine.
Which means there is something not right with Binance, and Austria is not the only country to think the same (Be, De, US, Ca think the same)
Binance is perhaps the most urgent company to halt its expansion. The others will no doubt follow later. If this is not the case, it really is a question of economic strategy on the part of the USA.
Americans are very vicious.
Perhaps the same things with the European countries but that will be surprising knowing they can be dump sometimes. When USA talk, EU shuts up and follow
If you check what happened the last 3-4 weeks:
- USA with the SEC
- In the Netherlands, fired. no licence so go out.
- In France, an investigation by the AMF since last year but we leaned abour it a few days ago
- In Canada, same story as in the Netherlands,
- Germany, refuse the licence
- Belgium don't want Binance
- USA with the SEC
- In the Netherlands, fired. no licence so go out.
- In France, an investigation by the AMF since last year but we leaned abour it a few days ago
- In Canada, same story as in the Netherlands,
- Germany, refuse the licence
- Belgium don't want Binance
However, there are also countries that Binance refuses
Binance has decided to withdraw its application for an operational license with the Financial Market Authority of Austria.
Well, if it's a conspiracy, it's a good one
There could also be political reasons behind it, as well as strategy economic ones.
There could also be political reasons behind it, as well as strategy economic ones.
I am personally of the opinion that it is an economic strategy, although this can also be classified as a conspiracy. "Attacks" come from many different sides and Binance is criticized for things that are also present in other exchanges.
If you check what happened the last 3-4 weeks:
- USA with the SEC
- In the Netherlands, fired. no licence so go out.
- In France, an investigation by the AMF since last year but we leaned abour it a few days ago
- In Canada, same story as in the Netherlands,
- Germany, refuse the licence
- Belgium don't want Binance
Just in a few days, and everything started with the SEC. So either all the countries decided to wake up at the same time, and I have no problem with that since I'm all for a justice. But it's strange that this is happening so quickly.
Adding a few bank partners to the receipt and voilà.
Well, if it's a conspiracy, it's a good one
There could also be political reasons behind it, as well as strategy economic ones.
So it's not going well for Binance. The same partner (Paysafe) who decided to no longer support Binance's GBP transfers, is now doing the same thing for the EUR (SEPA) transfers[1] (starting 25th of September).
This really makes me curious as to what the problem could be here especially when there are other exchanges (as I mentioned above) that are using the same partner.
This really makes me curious as to what the problem could be here especially when there are other exchanges (as I mentioned above) that are using the same partner.
Obviously, many things are going against Binance. I have thought for a long time that some kind of campaign is being conducted to reduce the dominant position that this exchange has.
What doesn't work for them is that many of their users are not serious supporters of centralized exchanges, so this type of campaign is tacitly tolerated.
OR, and I'm just putting this out there. Other places are more legit then Binance and Paysafe is looking at them and planning to get as far away from them as quickly as their contract allows.
Too many places leaving them and they are leaving too many places to be just anything else. Their refusal to open their books to regulators just screams something is wrong.
Remember, it's not a conspiracy or campaign against them if there are legitimate reasons for things to be happening.
-Dave
So it's not going well for Binance. The same partner (Paysafe) who decided to no longer support Binance's GBP transfers, is now doing the same thing for the EUR (SEPA) transfers[1] (starting 25th of September).
This really makes me curious as to what the problem could be here especially when there are other exchanges (as I mentioned above) that are using the same partner.
This really makes me curious as to what the problem could be here especially when there are other exchanges (as I mentioned above) that are using the same partner.
Obviously, many things are going against Binance. I have thought for a long time that some kind of campaign is being conducted to reduce the dominant position that this exchange has.
What doesn't work for them is that many of their users are not serious supporters of centralized exchanges, so this type of campaign is tacitly tolerated.
So it's apparently not going well for Binance. The same partner (Paysafe) who decided to no longer support Binance's GBP transfers, is now doing the same thing for the EUR (SEPA) transfers[1] (starting 25th of September).
This really makes me curious as to what the problem could be here especially when there are other exchanges (as I mentioned above) that are using the same partner.
https://www.coindesk.com/business/2023/06/28/binance-eur-banking-partner-to-halt-support-of-the-crypto-exchange-in-september/
This really makes me curious as to what the problem could be here especially when there are other exchanges (as I mentioned above) that are using the same partner.
https://www.coindesk.com/business/2023/06/28/binance-eur-banking-partner-to-halt-support-of-the-crypto-exchange-in-september/
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