siniminomorocomunisakito
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 416
Merit: 34
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 07, 2023, 12:00:05 PM |
|
Which takes the gist of what happened 2 days ago that the state of Binance could create opportunities for other cryptocurrencies to attract users and divide the market. Competitors can position themselves as more compliant, secure, or transparent alternatives, potentially changing market dynamics and I think that the result of the lawsuit and the effect it will have on the crypto market is uncertain.
|
|
|
|
famososMuertos
Legendary
Offline
Activity: 1848
Merit: 2928
LE ☮︎ Halving es la purga
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 07, 2023, 06:48:43 PM |
|
If you review the history of Binance, it has become an expert in addition to the business that Exchange manages, it is to respond to lawsuits, it has them in most of the countries where it works as an exchange, nothing new here, and using the adjective crisis is exaggerated.
More "propaganda" for the exchange, nothing is going to happen at least not in the short term, but it is a sign for you to understand what your financial relationship with that exchange should be.
|
|
|
|
kojektea
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 07, 2023, 07:33:15 PM |
|
some people actually take the momentum from this, they say if there is any rumor in the crypto world right now it is a way for us to buy without having to be difficult to predict through the charts, but something like this cannot be done for people who do not understand when to enter and exit in profit. because this is momentum, it could be that when we hold back and binance really collapses, it will have a dangerous impact on our assets. well, the safest thing is to save fiat.
|
|
|
|
Gyfts
Legendary
Offline
Activity: 2828
Merit: 1514
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 07, 2023, 07:59:53 PM |
|
Looks grim. I'm not so concerned about layoffs induced by economic conditions because those jobs are recoverable. Though, if they're reducing staff because of regulators targeting them, that's a different matter. U.S federal agencies have tentacles all over the world and it becomes outrageous how single agencies in one country can collapse entire companies (I suppose that's the SEC's goal here). Even if companies are in foreign jurisdictions, any financial transactions that are facilitated through U.S. financial institutions immediately allow the U.S. government to have jurisdiction over those transactions. (NY has many banks that facilitate global transactions, so it usually falls in their jurisdiction on the federal level). The solution to this would be to cut out the U.S. market if Binance was concerned of being targeted, but then what happens to a business when they reject a lucrative market? - In your opinion, is this a consequence of increased pressure on China by the U.S.?
IMO, the U.S. is doing what they can to squash all crypto markets in preparation for their launch of CBDC's within the next 4-5 years. I knew regulation was coming, just didn't think it would be in the form of frivolous lawsuits. By the way, these lawsuits get expensive and take years to reach fruition. Perhaps the SEC might have a weak case against Binance, but the negative publicity will have its intended effect. We won't know unfortunately, all this stuff is sealed from public eye.
|
|
|
|
WillyAp
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Online
Activity: 784
Merit: 22
Looking for guilt best look first into a mirror
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 07, 2023, 11:48:13 PM |
|
If you review the history of Binance, it has become an expert in addition to the business that Exchange manages, it is to respond to lawsuits, it has them in most of the countries where it works as an exchange, nothing new here, and using the adjective crisis is exaggerated.
More "propaganda" for the exchange, nothing is going to happen at least not in the short term, but it is a sign for you to understand what your financial relationship with that exchange should be.
i think you are right there Binance is an artist on its own rights.
|
|
|
|
Doan9269
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 08, 2023, 05:00:39 PM |
|
If you review the history of Binance, it has become an expert in addition to the business that Exchange manages, it is to respond to lawsuits, it has them in most of the countries where it works as an exchange, nothing new here, and using the adjective crisis is exaggerated.
More "propaganda" for the exchange, nothing is going to happen at least not in the short term, but it is a sign for you to understand what your financial relationship with that exchange should be.
i think you are right there Binance is an artist on its own rights. But only that, Binance could actually be a con artist here because it's a long time player in this kind of issues, CZ himself is not too worried because he had already known the way out, but what happens if the government eventually seize their licence of operations and banned them, aren't there going to be a massive lose of asset from them, are they not going to get liquidated, but the truth will always emerge one day about not your keys not your coins while the remaining aspect of the cryptocurrency network keeps moving.
|
🎁 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . 375% | 200 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | 🛞 | ☆ | | ☆ | 🛞 | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . | ▀▀▀▀▀▀▀▀▀▀▀▀ .U P T O . ▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .300€ + 50 . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ .F R E E S P I N S . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | 🎁 | |
|
|
|
DrBeer (OP)
Legendary
Offline
Activity: 3878
Merit: 2062
Payment Gateway Allows Recurring Payments
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 08, 2023, 06:06:40 PM |
|
Today the news came out one by one: - U.S. District Court summonses the CEO of Binance CZ. The United States District Court in Washington, D.C., issued a subpoena to Binance CEO Changpeng Zhao. This came just two days after the SEC sued the exchange for violating securities laws. The subpoena stated that criminal proceedings were pending against the CEO. - Binance.US will delist about 100 trading pairs and suspend over-the-counter (OTC) trading on June 8 Binance.US will remove selected pairs for extended trading on June 8, 2023 at 9:00 a.m. Pacific Time / 12:00 p.m. EST. Earlier, the SEC demanded that the U.S. branch of the Binance exchange return fiat funds to customers. Thus, regulators and the courts decided to make sure that Binance exchange will be held accountable for violating the law from their perspective. The court proceedings may last for a long time and it is unknown how the litigation between the largest cryptocurrency exchange and U.S. regulators will end. https://cryptonews.net/ru/news/legal/21113589/- Will Binance face secondary sanctions for serving Russian citizens? In early May, Bloomberg reported on an investigation by the U.S. Department of Justice's National Security Division into Binance Holdings Ltd. The parent company of the largest cryptocurrency exchange by trading volume, Binance, is suspected of violating sanctions against Russia. The agency intends to find out whether Binance officials or companies allowed Russians to circumvent US sanctions and transfer money through its trading platform. At the time of writing, neither the exchange nor its executives were reportedly accused of wrongdoing. At the same time, the U.S. Internal Revenue Service, together with analytical firm Chainalysis and Ukrainian law enforcers have been monitoring cryptocurrency transactions of Russian citizens. https://forklog.com/exclusive/grozyat-li-binance-vtorichnye-sanktsii-za-obsluzhivanie-grazhdan-rossii
|
|
|
|
Faisal2202
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 08, 2023, 07:11:21 PM |
|
- In your opinion, is this a consequence of increased pressure on China by the U.S.? IDK and I do not think so, Because first of all Binance and Coinbase, none of them is chinese company so why will USA put pressure on these companies if they have no direct link to China. As stated in the following article: These hugely successful companies came from China. But you’d never know That, Binance, the world’s largest cryptocurrency exchange, doesn’t want to be called a Chinese company.
It was founded in Shanghai in 2017 but had to leave China just a few months later because of a major regulatory crackdown on the industry. Its origin story remains an albatross for the company, says CEO Changpeng Zhao, better known as CZ. So, what other reason remains there to degrade the functionalities of both exchanges in USA? The only reason is both were not following the security acts.
- What will the problems of Binance lead to for crypto market and crypto users?
I do not think Binance will lead crypto to disaster or any severe kind of problem because we read much news about how much money was outflow from Binance and Coinbase when the news breakout but we should also think where that money is going. That money is going here: According to aggregated data from CoinGecko, total daily trading volumes on Uniswap v3 (Ethereum), Uniswap v3 (Arbitrum) and PancakeSwap v3 (BSC) — which account for 53% of the total DEX trading volume in the last 24 hours — increased by more than $792 million between June 5 and June 7. SourceBut i do agree that, once these exchanges will be banned partially or fully, how citizens are going to buy BTC, But wait, that factor can also not effect the market, because there are many BTC ATMs in USA, as these exchanges are only going to halt there functionalities in the USA only so i do no think we should worry about it.
|
|
|
|
Bitcoin2009
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1050
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 09, 2023, 03:12:46 PM |
|
In my opinion, the factor that caused Binance to experience a crisis was because it was too ambitious and expanded in many countries. In my country, the Binance group also opened exchanges but it seems that there are not many users. They advertise in many media such as television, newspapers, online media and many more. Of course this costs money. marketing increases.
|
|
|
|
BitcoinBabbler
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 09, 2023, 06:12:55 PM Last edit: July 14, 2023, 08:13:53 PM by BitcoinBabbler |
|
In my opinion, the factor that caused Binance to experience a crisis was because it was too ambitious and expanded in many countries. In my country, the Binance group also opened exchanges but it seems that there are not many users. They advertise in many media such as television, newspapers, online media and many more. Of course this costs money. marketing increases.
The parent company of the largest cryptocurrency exchange by trading volume, Binance, is suspected of violating sanctions against Russia and The agency intends to find out whether Binance officials or companies allowed Russians to circumvent US sanctions and transfer money through its trading platform. At the time of writing, neither the exchange nor its executives were reportedly accused of wrongdoing.financial institutions immediately allow the U.S. government to have jurisdiction over those transactions. (NY has many banks that facilitate global transactions, so it usually falls in their jurisdiction on the federal level).
|
|
|
|
DrBeer (OP)
Legendary
Offline
Activity: 3878
Merit: 2062
Payment Gateway Allows Recurring Payments
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 09, 2023, 08:14:23 PM |
|
"Negative correspondence between two Binance employees was tweeted out Today, crypto analyst and Cinneamhain Ventures partner Adam Cochran posted compromising correspondence between former Binance Chief Compliance Officer Samuel Lim and previous Head of Business Development Alvin. Evidence in the SEC's case against Binance in the form of correspondence from an internal chat room, first between Sam Lim (former head of compliance at Binance) and Alvin (former head of business development). Their conversation concerns stock bonuses, where Sam also talks about the risks of owning BNB. The first screenshot of the conversation, which Cochran posted in the 15-part thread, had Alvin saying that BNB was heading towards "zero", followed by Lim's infamous quote, which quickly spread in the cryptocurrency community: We work like a fucking unlicensed securities exchange in the US, bro. " https://happycoin.club/v-tvitter-vylozhili-negativnuyu-perepisku-dvuh-sotrudnikov-binance/
|
|
|
|
Uruhara
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 09, 2023, 08:32:10 PM Merited by fillippone (1) |
|
One thing to underline is that the SEC only sues Binance.US. and not to Binance globally. Because they are just security guards for Americans using Binance.us. And although there was a spike in withdrawals when CZ and Binance.US were sued. but this in reality has little effect on the level of user trust in the binance platform. even the number of withdrawals globally is not that worrying and SAFU is actually owned by Binance as CZ disclosed.
I don't think the lawsuit against CZ and Binance.US has anything specifically to do with competition issues with China or anything like that. The SEC just researched and found a little loophole there and sued him. like he did with Ripple. But if CZ wants and doesn't care about US users then he can just stop operating his platform in that country. but it seems that CZ still wants to survive and pay attention to the comfort of the users there. because there are quite a lot of users from the US.
and currently the final decision regarding sec vx xrp in court has almost reached the end of the judge's decision. and I think because of this the SEC seems to be in a rush to put pressure on the crypto-related industry. because if the problem with XRP has been resolved. and if xrp turns out to win in a long running case. then the assets that are valued by the sec as securities may not be sued by the sec. let alone a project that has the same concept as xrp.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
Unbunplease
Legendary
Offline
Activity: 1806
Merit: 1159
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 09, 2023, 08:35:37 PM |
|
In my opinion, the factor that caused Binance to experience a crisis was because it was too ambitious and expanded in many countries. In my country, the Binance group also opened exchanges but it seems that there are not many users. They advertise in many media such as television, newspapers, online media and many more. Of course this costs money. marketing increases.
On the other hand, aggressive marketing is a normal business practice, which any self-respecting company should use. The global battle was bound to happen sooner or later - and it is good that there is such a strong exchange as Binance. in my opinion, the SEC made a mistake in choosing a competitor.
|
|
|
|
Bushdark
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 980
Merit: 262
Social media moderator/chatter
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 09, 2023, 08:44:30 PM |
|
some people actually take the momentum from this, they say if there is any rumor in the crypto world right now it is a way for us to buy without having to be difficult to predict through the charts, but something like this cannot be done for people who do not understand when to enter and exit in profit. because this is momentum, it could be that when we hold back and binance really collapses, it will have a dangerous impact on our assets. well, the safest thing is to save fiat.
The market is not stable and the price of Bitcoin fell immediately the news carries the allegations against the world biggest exchange. I still don't know why the American government are very strict with there rules which still makes things very hard for there users especially people that are using the exchange. I am very certain that Binance is going to survive this attack by the sec against the largest crypto exchange and other exchange like Coinbase. There had been fud against Binance coin before and now we are seeing the same things happening again.
|
|
|
|
Yatsan
Legendary
Offline
Activity: 2492
Merit: 1234
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 09, 2023, 09:35:34 PM |
|
FUD and FOMOs. Remember how hard the market fell last time with FTX issue? Even if cases are not totally the same, people would more likely associate one another because it involves funds on the exchanger which is why it won't be surprising to see a market crash but I hope it won't be too hard that the market will have a hard time to recover. Supposedly, the market should not crash because of what happened simply because it is still an allegation. It is just people tend to react easily which causes to do so. In my opinion, the factor that caused Binance to experience a crisis was because it was too ambitious and expanded in many countries. In my country, the Binance group also opened exchanges but it seems that there are not many users. They advertise in many media such as television, newspapers, online media and many more. Of course this costs money. marketing increases.
I disagree. Scope of accessibility of an exchanger has nothing to do with issues concerning funds, as accused to Binance and the other exchanger. In fact, it is even the reason why it became the largerst exchanger, because being more accessible makes the volume larger basically.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
goaldigger
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 09, 2023, 09:54:29 PM |
|
In my opinion, the factor that caused Binance to experience a crisis was because it was too ambitious and expanded in many countries. In my country, the Binance group also opened exchanges but it seems that there are not many users. They advertise in many media such as television, newspapers, online media and many more. Of course this costs money. marketing increases.
On the other hand, aggressive marketing is a normal business practice, which any self-respecting company should use. The global battle was bound to happen sooner or later - and it is good that there is such a strong exchange as Binance. in my opinion, the SEC made a mistake in choosing a competitor. Binance is very active and the banks are threatened for this, so probably they influence SEC to file a case against Binance and might saw the weakness of Binance. This can affect the whole Binance but i think this is just temporary and Binance will prevail. Many investors knows what the real value of Binance and its contribution in cryptomarket, many will continue to support Binance even if there’s a pending case like this.
|
| │ | ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███▀▀▀█████████████████ ███▄▄▄█████████████████ ███████████████████████ ███████████████████████ ███████████████████████ █████████████████████ ███████████████████ ███████████████ ████████████████████████ | ███████████████████████████ ███████████████████████████ ███████████████████████████ █████████▀▀██▀██▀▀█████████ █████████████▄█████████████ ████████▄█████████▄████████ █████████████▄█████████████ █████████████▄█▄███████████ ██████████▀▀█████████████ ██████████▀█▀██████████ ▀███████████████████▀ ▀███████████████▀ █████████████████████████ | | | O F F I C I A L P A R T N E R S ▬▬▬▬▬▬▬▬▬▬ ASTON VILLA FC BURNLEY FC | │ | | │ | | BK8? | | | █▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄ | . PLAY NOW | ▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄█ |
|
|
|
Hispo
Legendary
Offline
Activity: 1316
Merit: 2299
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 10, 2023, 10:22:58 AM |
|
In my opinion, the factor that caused Binance to experience a crisis was because it was too ambitious and expanded in many countries. In my country, the Binance group also opened exchanges but it seems that there are not many users. They advertise in many media such as television, newspapers, online media and many more. Of course this costs money. marketing increases.
On the other hand, aggressive marketing is a normal business practice, which any self-respecting company should use. The global battle was bound to happen sooner or later - and it is good that there is such a strong exchange as Binance. in my opinion, the SEC made a mistake in choosing a competitor. Binance is very active and the banks are threatened for this, so probably they influence SEC to file a case against Binance and might saw the weakness of Binance. This can affect the whole Binance but i think this is just temporary and Binance will prevail. Many investors knows what the real value of Binance and its contribution in cryptomarket, many will continue to support Binance even if there’s a pending case like this. I also think that there must be some influence of the banking lobby behind this lawsuit, granted, CZ and Binance probably made mistakes and they are now being used against them in court. But the fact is that Binance is not only a cryptocurrency exchange, it is a bank and offers basically full banking in crypto currency and stable coins to their clients: saving accounts, collateralized loans, instant payment systems, P2P markets... The banks of USA may feel threatened by Binance because it's rapid growth, specially outside the USA and among those who do not like the fees and problems of traditional banking. For example, have you taken a look at the Paypal fees? Binance Pay does not have any. One of the biggest reasons it is becoming popular here in my country as a payment method. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
bayu7adi
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 10, 2023, 05:41:31 PM |
|
But i do agree that, once these exchanges will be banned partially or fully, how citizens are going to buy BTC, But wait, that factor can also not effect the market, because there are many BTC ATMs in USA, as these exchanges are only going to halt there functionalities in the USA only so i do no think we should worry about it.
However, it seems that a major problem arises when Binance is completely prohibited from operating by the authorities who consider themselves the most authorized in regulating this domain. Many users will lose trust in Binance when this top exchange collapses for its global version. We do not know if the issue lies with Binance in the US region, but it could potentially impact the global version of Binance, which is not available in every country like the Bitcoin ATMs in the US.
|
|
|
|
Renampun
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 10, 2023, 06:12:34 PM |
|
... - In your opinion, is this a consequence of increased pressure on China by the U.S.? - What will the problems of Binance lead to for crypto market and crypto users?
all this fuss has nothing to do with china, this is only business of Binance being deemed to have violated some rules set by the SEC to make the cryptocurrency ecosystem in the country healthier (they said). maybe for now the valuation of the crypto market will be quite affected, considering that Binance and BNB are 2 entities that influence the crypto market and this news has a negative impact on both of them which causes disruption to the valuation of the global crypto market. hundreds of millions of dollars in losses will be inevitable, considering that this news is bad news for the crypto market and causes a decline in the confidence of investors. but this is only temporary, of course the crypto market will get better in the future, it just takes time.
|
|
|
|
so98nn
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 10, 2023, 06:21:34 PM |
|
Let us consider that similar to a company where staff is getting lay off due to recession or may be that company getting on the verge of bankruptcy or something like that. Now what are we left with? Just a normal news where company is trying to make its stand with the help of reducing financial burden. If US government went strict on them then that’s not the fault of a Binance US. They have to pack their things and flee the country. Sad for the US employees I guess but can’t help it if company wasn’t up to the standard of SEC or internal politics. Nothing much will happen except a FUD, FOMO sell offs, whales buying more at discounted rates and regular guys going nuts about it. After few months dust will be settled whales will become more rich because they took the chance and regular investors would cry with the statement “they wish they would have bought or kept their investment as it is”.
|
|
|
|
|