Why target binance?

[Naficopa]

Binance exchange is having some issues with wrong accusations lately probably because it's the best, the government sees this as a gateway for money laundering network instead of the ease it brings for crypto investors, honestly the future of the exchange looks uncertain since the CEO himself said he is willing to step down if he see someone to take over but no one, I repeat no one is as good as CZ, I hope things won't come to this, CZ wants the best for crypto not just the money

Governments will always be charging money laundering through the cryptocurrency exchange. In the case of Binance, it is so easy because they have large limits that do not require KYC verification. Right now this is changing and the limits are going down. All these problems arise because governments simply want to control the flow of money. Therefore, in my opinion, decentralized exchanges will become more and more popular in the future.

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[noorman0]

Governments will always be charging money laundering through the cryptocurrency exchange. In the case of Binance, it is so easy because they have large limits that do not require KYC verification. Right now this is changing and the limits are going down. All these problems arise because governments simply want to control the flow of money. Therefore, in my opinion, decentralized exchanges will become more and more popular in the future.

At least that's the most objective answer although I don't mind people's assessment of how much the government hates crypto that threatens fiat.

For whatever reason, investigating crimes is not Binance's obligation, they just provide any evidence relating to their services. No matter how large the service is, if Binance operates in a certain country without a clear license and appropriate user requirements under local law, then it is illegal and binance can be considered facilitating crime.

[cryptoaddictchie]

I hope CZ won't be discouraged, the reason why binance exchange became a target is because it's the best, also CZ is a crypto lover who wants the best for all investors this will surely makes him an enemy of the government for sure

Of course he isnt. I know a guy like him wont be just gave up with the likes of those accusation. We dont know what Binance did wrong in the past but I know if they did they can fixed it and follow the right protocol. There are solid regulations for crypto anyways.

And as far as we knew Binance. They are dealing with multiple protocols per country and I could say they are doing theit best. Only those who understand Binance are the solid users whom been with Binance and been with them until now.

[smyslov]

And as far as we knew Binance. They are dealing with multiple protocols per country and I could say they are doing theit best. Only those who understand Binance are the solid users whom been with Binance and been with them until now.

I'm one of their loyal users and I am not thinking of migrating or changing my exchange, Binance is the only exchange for me I'm safe secure, and confident of their services, I hope they can address those issues raised against them, it's the market that will suffer if Binance suffers from government persecution.

[inanilujimi]

Governments are trying to put pressure on cryptocurrencies by putting pressure on Binance because it is the largest cryptocurrency exchange in the world, putting pressure on Binance will make governments achieve their goals in imposing more restrictions on cryptocurrencies, in other words, governments are trying to impose their restrictions on cryptocurrencies through Binance.
It seems that they succeeded because Binance recently imposed some restrictions on users such as reducing the maximum daily withdrawal limit to 0.06BTC instead of 2 BTC, they also banned API applications for those who did not complete KYC

Well that's probably the best decision for binance to make, with so many bad issues floating around they prefer not to go against government policies.
However, Binance has played a very important role in the survival of crypto so far.

[ivankoh]

Binance exchange is having some issues with wrong accusations lately probably because it's the best, the government sees this as a gateway for money laundering network instead of the ease it brings for crypto investors, honestly the future of the exchange looks uncertain since the CEO himself said he is willing to step down if he see someone to take over but no one, I repeat no one is as good as CZ, I hope things won't come to this, CZ wants the best for crypto not just the money

From the perspective of an exchange with a great reputation, CZ has gradually changed its perspective towards accessing new projects listed on binance with more superficial testing since the beginning. But CZ remains an advocate and makes sense for the market. Binance seems to be in a dilemma, I think there are many possible conspiracies since the BinanceUS crash.

[mexite]

To be sincere, Binance has changed the narrative when it comes to its support and promotion of blockchain and cryptocurrency. The exchange and its allied businesses have been expanding to different countries to help increase the awareness and adoption of crypto. It's expected that resistance would rise up through regulatory issues.

CZ shouldn't step down yet as CEO of Binance as he still has a lot more to offer. He's a shrewd businessman.

[Anonylz]

To be sincere, Binance has changed the narrative when it comes to its support and promotion of blockchain and cryptocurrency. The exchange and its allied businesses have been expanding to different countries to help increase the awareness and adoption of crypto. It's expected that resistance would rise up through regulatory issues.

CZ shouldn't step down yet as CEO of Binance as he still has a lot more to offer. He's a shrewd businessman.

Very true, binance has manage to change the narrative and took the ecosystem to another level, more like operating in its own zone, am actually please to see how the business has manage to grow from scratch in this competitive environment and even expand to other locations, for a business to survive and be successful as binance is, there is need for a little bit of shrewdness otherwise things will not be able to go this far,
my wish is for cz not not lose focus, he should keep moving forward and handle all negativity as calmly as he could be.