Just like other users have pointed out, all this exchanges most especially those under a country’s regulations cannot beat the fact that the government will one day try to request details of its users. I somehow feel it is the main reason behind regulations of exchanges and also why the process gets complicated like that of binance US because they possible can follow some of the rules set by the government.
One thing stands, once you provide your information to any exchange just be aware that the government can simply have access to it. The lies the government will spread in getting users details will be to protect them from fraud but it easily just to spy on its citizens on that platform
One thing stands, once you provide your information to any exchange just be aware that the government can simply have access to it. The lies the government will spread in getting users details will be to protect them from fraud but it easily just to spy on its citizens on that platform
Absolutely, and that also make me wonder if other countries government will adopt same method as the US Government because it seems this is mostly affecting the US branches of these exchange, binance USA also face similar regulation issues.
Are we heading towards the stage where other country's government will require same info from exchanges operating in that country. The main difference between crypto and traditional finance is the financial freedom and empowerment which users enjoy but with this type of force regulations from the government will raise concerns.
