Another U.S. Crypto Ban!? It's time for US to take ACTION!

[arpon11]

Day by day U.S. citizens continue to have increasing limitations on participation in the Crypto space due to antiquated legal policies that have no business being applied to modern technology.

Binance's barring of U.S. trading is the beginning of a ripple effect that we will continue to see unless we take action.

We have the right to financial freedom and congress must hear us.



Take 5 seconds to sign the Change petition at: http://chng.it/ZzVSr7sL

I really don’t know what USA government and legislators stand to gain by making laws that limits it citizens in crypto space. I have read this news yesterday and I see that this government has not ended its attack on cryptocurrency and all this is been done to reduce the infect of bitcoin on usd but I see that in future any fight against bitcoin and cryptocurrency is a fight against the future and the state will regret this action. Binance is one of the leading exchanges and fighting it is like fighting the future.

[takngantuk]

Binance.com stopping to give services to people from US does NOT mean US banned crypto! how do you even come up with that kind of conclusion?!

the only thing that it shows is that Binance.com does not want to or can not comply with US anti money laundering laws, it is possible that they are laundering money specially with all their tokens that they keep creating out of thin air without them being backed by anything (exactly what Bitfinex does with Tether).

it is also because they are creating a new platform for US citizens only https://www.coindesk.com/binance-says-its-launching-a-us-exchange-with-fincen-registered-partner

We have the right to financial freedom and congress must hear us.

you gain financial freedom when you use a decentralized currency (ie. bitcoin) not a centralized website/service called Binance.

yes you're right, the reason why binance stopped supporting US citizens is that they can't comply with AML regulations there. without binance, crypto there will still be. so don't be too fixated on this.

it is difficult to ban crypto even with any regulation, because crypto is an anonymous decentralized currency. so even if one or two markets are banned in the US there will be new markets that will be released either from companies or individuals.

[CryptoReggae]

Lol. Binance is easily one of the most respectable and popular crypto exchanges in the market which is your statement doesn't make any sort of sense here. People give it importance since it is one of the top exchanges and not many care about it being centralized.
Hmm. I disagree. Petitions have been successful minority of the time when the numbers were big enough to help the bigwigs notice.

Example : https://www.bustle.com/p/petitions-that-actually-changed-the-world-34309

It is irrelevant, Binance could close even now, BTC and the crypts will continue to exist. There are hundreds of other exchanges, and some of them are much more authoritative than Binance, but this is my personal opinion.

Evaluating the importance and reliability of an exchange only by analyzing volumes and the number of users is a huge mistake. MtGox teaches something.

But regardless of all that Binance does, these are corporate choices versus a number of users (US); we can therefore affirm that the petition is a huge useless bullshit.

The crypto world will go on (better) even without Binance.

[acroman08]

You should know Binance is planning to launch a US based exchange called Binance.US link: https://www.coindesk.com/binance-says-its-launching-a-us-exchange-with-fincen-registered-partner
 
I don't see the reason why people are over exaggerating some things that can be answered just by browsing the internet
and you can clearly see in the articles the reason why Binance suddenly backed up leaving it's US costumers.

[xWolfx]

Again, wasn't Binance releasing another platform for the U.S.?

At the end, what will the congress do being realistic? - That is a private company probably not even based inside the U.S.

They can do whatever they want as long as they don't break too many laws. That is a wonderful opportunity for someone willing to take on that market and create a name for themselves in fact.