Binance, in fact, became the fourth and largest exchange, which came under the control of the banking cartel.
All media actively covered the news that Binance - the world's largest crypto-exchange in the world, found a quiet haven in Malta. Moreover, it will allow it, at last, to work directly with fiat currencies, such as the US dollar and the Euro. Everyone breathed a sigh of relief, now Binance, which has the most convenient and fast interface, will become even more convenient, offering verified customers a convenient service for entering and withdrawing the currencies to the customers' accounts.
But there are nuances about which no one writes, and they are the most interesting. Problems with the regulator in Hong Kong began only recently, and reached the level when the exchange was forced to move to Japan, which seemed very logical, with the Japanese regulation, where more than 20 stock exchanges are already certified and checked by the local regulator and freely trade in crypto-currencies. The trading volume in bitcoins on Japanese stock exchanges exceeds 46% of the world market, trades are made in a pair of bitcoins - Jena. But, having not had time to work for a month, the exchange received a warning from the Japanese Agency for Financial Services, that it works without a proper permit, as a crypto currency trading platform, and sells security tokens, that is, shares.
Nothing seems to be strange, the law is the law, but Japanese exchanges trade the same tokens, and do not violate anything. Contacts of the Exchange lawyers with the Agency have not yet led to the resolution of the problem.
On the same day, on Twitter, the Prime Minister of Malta, Joseph Muscat, received a cordial invitation to place the stock exchange in Malta. To which the president of the exchange, Changpeng Jao, immediately replied in his Twitter:
"We are confident that we will soon be able to announce a banking partnership," Malta is very progressive, as regards crypto and finteh. "
All this reminds one of the plot of the heroic film, where for one day, all these events occur with the most serious crypto-world in the world, while the Prime Minister of Malta, immediately after receiving news of the problems of Binance with the Japanese regulator, as it is so easy unobtrusively invited Jao to Malta, and Jao, also with ease, apparently, sipping coffee in a cozy office, tuned the interview to Bloomberg himself, that he was ready to move the company to Malta and there would trade in fiat. Interestingly, the PM of Malta, on the same day, felt that Binance would create 200 new jobs, and of course start paying taxes to the budget with almost $ 2M of daily profit.
Behind the scenes, as always, the most important thing remains. And most importantly, what neither Jao nor Muscat said was that the accounts of the exchange will be opened in the Maltese branch of HSBC, closely affiliated with Banco Santander, one of the shareholders of Ripple Labs, and another remarkable Barlesay bank that recently "partnered" with another major American exchange Coinbase in London.
For your information, I would like to note that HSBC, being the 14th bank in the world in terms of assets, is the dirtiest large bank in history. In addition to funding the Colombian drug cadre, "HSBC has profited on business with arms dealers who supplied mortar mines to African child soldiers, mediators of dictators from third world countries, dealers of blood diamonds and other international criminals."
And we must believe that Changpeng Jao, just born under a lucky star, and he was accidentally offered such a rescue from strict Japanese and Hong Kong regulators, and even allowed to trade fiat all over the world. And, of course, the joy of Binance would be incomplete if by coincidence, all four banks, namely Goldman Sachs, ING, Barklays and HSBC, swallowed the four best crypto-bills (Bitfinex, Bittrex, Coinbase, Binance) for just two months, would not belong to the same shareholders.
Interestingly, the oldest European stock exchange Bitstamp, was absorbed for $ 400M by supposedly Korean investors, but in fact, it was bought by Japanese Yahoo Finance, owned by another shareholder Ripple, the bank of Mitsubishi UFG.
What are the conclusions from this story?
First, the bankers continue to seize the best exchanges, and within the next year, we will observe several more such seizures, until in the next 2019, 80% of them are in their hands, the rest may be unnecessary. All the seized exchanges, immediately begin to work legally with fiat, and apply the full KYC (Know Your Customer) and AML (Anti-Money Laundering Procedures). On all exchanges, procedures are introduced for accounting of clients' incomes and their taxation, depending on jurisdiction.
The second is to manage the rate of the Crypto-currency, it will become easier than ever.
Third, all banks participating in the purchase of exchanges belong to the same shareholders who are part-time shareholders of Ripple Labs.
Fourth - the special services have long learned to track the wallets of bitroin and other crypto-currencies, and anonymity in the detachment will soon become atavism.
And the fifth, cherry on the cake, they can not get it. Simply because you will never achieve anything by prohibitions. 50 years of combating the spread of drugs, led to a 100-fold increase in their turnover, the fight against terrorism after September 9, 2011 - led to an unprecedented growth in the history of terrorism, up to the creation of its own terrorist state. The fight against poverty and hunger in Africa has led to even greater poverty, and now more than 1 billion of the world's population are starving. The struggle to preserve forests, led to their complete destruction on entire continents, the development of pharmaceuticals, led to a multiple increase in the number of patients, the FDA's fight for a healthy lifestyle in the US in 1978 led to the fact that now 55% of the population is obese, and the number patients with cancer and diabetes mellitus in the United States, have acquired the size of a pandemic. This list can be continued indefinitely. The ban on crypto currency will lead to the collapse of the modern banking system, which is seriously and hopelessly sick.
