cryptoaddictchie
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Fully Regulated Crypto Casino
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August 09, 2021, 03:39:57 AM |
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Thanks for this very detailed information OP. I am fan of Binance and its really unfortunate that this exchange experiencing such difficulty. I maybe bias, but I believe this is a small problem for Binance as this major exchange are supported by a lot of entity evem though they got some issue like this.
But to be safe, of course we must moved some of our huge asset on out wallet to be safe. But I believe that an exchange like this wont be same like Mt.Gox as CZ did a lot of good stuff and help the crypto community in such way.
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Dragonfund
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August 09, 2021, 04:50:07 AM |
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There are more to the ones you posted, their are other local deposits of funds that were halts by other countries and Nigeria was among that her Central Bank cease deposit of funds by Binance customers. It's sad that they are all coming after Binance with what they have all grown within a short period of time but I also think they were also expecting it and it hasn't so far affected the growth of its utility tokens, bnb. The competitive exchange will be happy with what has been going on with the exchange.
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Tash (OP)
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Pro financial, medical liberty
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August 09, 2021, 05:00:10 AM |
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Banking problems and regulatory issues is one thing but with no headquarter location there is no exchange. period. What the opening video is about. You cant run a exchange when homeless.
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cabron
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August 09, 2021, 05:09:49 AM |
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Although I hate Binance for KYC, they did a good job in keeping up the volume of the exchange we've all made money through this exchange at some point. They were hacked once which they've also spent their own money to give back what is lost to the clients affected.
Binance I think will do all to comply with all the laws to get their feet back. They've built a good reputation for the exchange to become bigger, they can't just give up all because of these few countries choking them.
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RussianEnglishTranslation
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August 09, 2021, 05:12:37 AM |
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BSC has had a lot of issues with failed transactions, BSC scan going down, nodes that aren't synched etc. It's a real mess and it only has 21 validators, which I assume the majority of belong to CZ and his friends. Binance is undergoing a barrage of attacks from regulators in multiple countries and that is affecting the price of BNB and scaring people away from BSC to other chains like Polygon, Fantom, and NEAR. I still hold some CAKE, 0xMR, Alpaca, PRV on BSC but I'm not putting any more money on that chain until things settle down. In the meantime I began farming on Spookyswap on Fantom and on Ref Finance on NEAR protocol. Both have rewards that are comparable to farming CAKE.
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Frengki_cisco
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August 09, 2021, 05:35:54 AM |
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Why is it that only now-weird-weird-news appears-about Binance, is this something to bet on.
I believe this is pressure from the local government-about Binance, who knows-all governments are currently in a global financial crisis-pandemic-debt is piling up, brain spinning, Binance tax rules the best solution for a deteriorating Economic growth.
Stress Binance-to pay taxes to the country-debt paid off.
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BTC
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bamb
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August 09, 2021, 05:46:23 AM |
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Binance exchange may be having regulatory issues all over the place, but binance is one of the most stable and reliable centralized Cryptocurrency exchange we have at this time. If binance go down, it will be catastrophic for entire Cryptocurrency market. The fall out would be that other Cryptocurrency exchange may collapsed as well.
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pealr12
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August 09, 2021, 06:09:14 AM |
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When binance is gone no more manipulation in crypto space and everything will go back to normal perhaps coinbase, kucoin, houbi will now become a better option, all binance haters will look for a new line of attack, there has been too much focus on binance lately that I fear soon something unpleasant will happen, if it ever result to that (I sincerely hope not) I will honestly miss the local bank access and the p2p aspect. But I hope cz and his team are able to mend the fence before things escalate.
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ethereumhunter
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August 09, 2021, 06:26:01 AM |
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If you think Binance will end soon and you have balance on your account, you need to move it to another wallets or exchanges so when the time is comes, you are save and continue your trading. It is our responsibility to take care of our funds in any exchanges and not because of we think that the exchange breaking something that we do not know. The best thing you can do is moves all of your funds in any exchanges to private wallet or use hardware wallet so you have full control of your funds.
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tygeade
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August 09, 2021, 11:04:42 AM |
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I can’t tell what will happen to Binance in future, but I’ve also been seeing a lot of these news about it, though some of them were due to some of those countries banning cryptocurrencies or something like that, like in the case of UK and Nigeria, so the company had to discontinue their services there. Then other news about them, like the one of data distribution in Russia, etc. That’s a totally different case and I hope that they really get to settle it. Some of these countries has already started banning them.
Although in some areas where they were banned they have continued to function there as a P2P exchange, so they are not like fully out from those places.
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peter0425
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Vave.com - Crypto Casino
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August 09, 2021, 11:25:38 AM |
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Here we go again , why people here could not stand not making any conspiracy over other site that making success? OP you are bright enough to understand that you are only making issue here right\? Regardless of how various countries monitor him or warn him, I think Binance is currently at its peak. I firmly believe that what ultimately hinders Binance should be the demise of centralized products.
and also binance won't spend their popularity and bagging money in just ruining whay they have stablished for years. Mt.gox is a dead case and surely will never happen again.
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VanDeinsberg12
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August 09, 2021, 11:52:07 AM |
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I firmly believe that what ultimately hinders Binance should be the demise of centralized products.
All of problems must be solved. It can't be avoided. Binance will never face this problem if it's being compliants with all of the regulations on the countries that already used to expand its service. This is the main problem. Binance just like a threat for the regulators if it's didn't wanna get licensed. BTW CZ was looking for someone that expert in the regulatory compliant.
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iTradeChips
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August 09, 2021, 01:22:09 PM |
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What I really think about this is basically what the general public, the big corporations, and the financial sector thinks about Bitcoin and cryptocurrency in general - with utmost disgust and hatred for a technology that is alien to them and what they perceive as a big competitor to the financial sector. I think this is not just for Binance, but for any big company that handles cryptocurrency and that is poised to be a threat to the fiat cartel. Binance will be able to make it through. No doomsday prophet will force millions to suddenly switch from Binance to another exchange.
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Tash (OP)
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August 09, 2021, 03:45:16 PM |
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It seems most have not watched opening video. A homeless exchange can't function. Clock is ticking.....
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RbiggerG
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The Standard Protocol - Solving Inflation
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August 09, 2021, 05:02:47 PM |
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Although I hate Binance for KYC, they did a good job in keeping up the volume of the exchange we've all made money through this exchange at some point. They were hacked once which they've also spent their own money to give back what is lost to the clients affected.
Those are Relatable issues with me which things i also feel that about KYC. Still i using this exchange without KYC. In Binance exchange all of the listed coins trading volume are always continuing very high that's why overall Binance is the top rank exchange also reputed. When it was last hacked i have fund and i got it when they refund from their own (safu) fund. But now i'm a little bit careful i didn’t hold here, i moved my fund in my personal wallet where i can control my funds. They only KYC the large investors don't they? I know a lot of people using it for years now without ever having to pass any kind of KYC procedure, nothing. I thought that that is a question of the limits you are willing to trade in a certain time interval. Anyway, they always provided a good and reliable service, essentially no downtime and very quick matching engine with no slippage. Some exchanges are so brutally slow even when you just open the website.
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lobo13hf
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August 09, 2021, 05:04:00 PM |
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but hopefully it won't happen because I know the management at the exchange is very good and professional so hopefully Binance will still be a place best exchange.
The management of the exchange site to the customer doesn't matter a lot when it comes to the regulation. The government wanna try to prevent bitcoin to expand its service due to the various reasons. In my opinion and it's not clear whether binance has been making a deal with all of them or not to get the license. that's why there are bunch bad news came
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jostorres
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August 09, 2021, 06:28:24 PM |
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The weird thing is, it is all about the legality of it and not something about being a scam website, that is the interesting part. Mt.gox 2.0 loading would mean that there needs to be a problem within binance itself, but I am reading stuff and it is mostly about not following the rules of a certain state, and how is that a problem for binance, it is obviously problem of a nation/city have with binance, those are very different things.
I would understand "I can't withdraw" as a huge deal but "ontario requires more laws to comply" is not something binance needs to care about. If they feel so strongly about it then Ontario crypto citizens should contact their representatives. Which is why there is absolutely nothing that we should be worried about regarding Binance, they are doing fine and they will keep doing fine for a very long time as well.
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wxa7115
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August 09, 2021, 06:39:57 PM |
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I'm not seeing a Mt. Gox incident here, it's not comparable as we have a lot of exchanges already. And I doubt that Binance will suddenly disappear. What I don't like though is that they really gain a lot of power since their inception in 2017. And maybe that's what they are now in the hot seat with a lot of investigations from different crypto regulated bodies. But CZ is a businessman and probably just re-invent himself if the ecosystem if everything turns sour.
That is what it will save the market in the case binance goes down, back then the dominance of Mt Gox was monstrous with no exchange even coming close, so when it went down the crash that happened was massive. Right now even if binance is way bigger than Mt Gox ever was at the same time there are many exchanges out there that at least can compete with it so in the worst-case scenario the market should not crash as hard as it did back then, but obviously I expect those holding BNB to panic sell and lose a fortune in the process.
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bitcoin-shark
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August 09, 2021, 07:22:31 PM |
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all these listed countries try to put a spoke in the wheel at binance for one reason only to be able to squeeze higher taxes, revenues from the exchange, fortunately the main legal office of binance is at the Cayman Islands, Mahé (Seychelles) so even if it should ( absurdly) losing some branches in Europe and around the world it could continue to operate safely on the market
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Erdogan
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August 09, 2021, 07:28:41 PM |
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Hope nothing bad happens to Binance. If Binance collapsed, it would be a huge blow to the entire cryptocurrency market. In fact, the list of information and warnings you have mentioned is very long, but I think most of it is just that you should always be careful no matter what the exchange is. I don't think Binance's situation is at danger.
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