Americans need to lobby their legislators

[kissme09]

But the US issued bans related to Cryptocurrency and exchange. Binance also made the final decision to ban all American citizens from trading on this platform, and it is valid for 90 days. Is this a statement by Binance against American decisions? I believe that the US will soon have to remove these bans if it wants not to be isolated by celebrities in this country.

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[ethereumhunter]

I posted at least four different threads in the last week about what FATF would do.

Now you see it. Binance is forcing KYC on the globe and kicking americans off. Do you get it yet? Do you understand how this is going down? Do you realize how much financial opportunity is going to be taken from you as you are barred from the global cryptocurrency economy? While the rich are allowed to do series A accreddited investing, institutional swap trading, and foreign trading of the most speculative altcoins. Do you realize this is a tax grab and a corral, this is not about fraud, it is about classism. Don't be deluded.

For people who still want to use binance as his daily trade, I am sure he doesn't have a problem with KYC, and he will fill the KYC. But for people who don't want to use KYC, they will leave binance and find the other exchanges. Many other exchanges don't use KYC for their members, and I think they will get more members if somehow many traders don't agree with KYC in binance. I don't mind to fills KYC in binance if that will protect me from a bad situation.

[btcforthewin]

Can the OP elaborate a bit more, why he is thinking that the common folks will be left behind while others will be able to participate?

Sure, Binanace is canceling US out but that does not mean that other exchanges will follow immediately. 

[xWolfx]

I personally see KYC itself as a problem since it's not as effective as it should be and it is definitely not bringing something too valuable to the table.

If someone can come up with a much better idea to guarantee that most criminals won't be relaxed inside exchanges, he/she will probably make a lot of money with it, since there is a lot of need for a better system around this subject.

[Pumared]

I personally see KYC itself as a problem since it's not as effective as it should be and it is definitely not bringing something too valuable to the table.

If someone can come up with a much better idea to guarantee that most criminals won't be relaxed inside exchanges, he/she will probably make a lot of money with it, since there is a lot of need for a better system around this subject.

KYC is an attempt to improve this system. It's just a tool, but there's no need for it for me. For if you are going to commit a financial crime, you will commit with any state money

[fortunecrypto]

Americans has a lot of great contribution to the market and for them not being able to trade on what considered as a top exchange in the industry is really cruel, there should a fix on this, I read that there will be Binance exchange exclusive to Americans but I don't if it's going to be profitable because of the limited number of tokens being traded there.

[Pumared]

Americans has a lot of great contribution to the market and for them not being able to trade on what considered as a top exchange in the industry is really cruel, there should a fix on this, I read that there will be Binance exchange exclusive to Americans but I don't if it's going to be profitable because of the limited number of tokens being traded there.

The contribution of the Americans is small compared to the Chinese. And these, the Chinese, who should charge their government financial and personal freedom