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Author Topic: Goodbye Philippines for Binance.  (Read 229 times)
stompix
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December 03, 2023, 03:00:44 PM
 #21

This is common to crypto exchanges and not only Binance. They only registered in developed nations like United States, Canada and EU. They do not registered in Africa countries and countries in Asia and they are providing crypto services in the countries they are not registered.

No, they tried to register!
They failed and had to fled a lot of countries well before Philippines because they found out their business practice will never get a not from any country that cares about laws. So, quite ironically they will keep on operating exactly in Asia and Africa because nobody gives a crap there about laws anyhow, and if they do make some laws nobody will enforce them

Lately, I have began to understand the level of smartness (maybe unnecessary), that CZ played to gain so much popularity for his Binance.

You mean lying, bribing, offering pennies to ass kissers, portraying himself as some savior and promising to make everyone rich while actually making money while robbing them, being a total piece of shit that attacked Bitcoin, tried to promote his centralized shit at the expense of decentralized coins and made a joke of gullible idiots who believed his #safu crap?

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December 03, 2023, 09:49:47 PM
 #22

Exchanges will encounter more law enforcement issues in the near future. Every country has its own law to control financial institutions. If Binance did not follow them, then any government would shut down their services. That means we should not depend much on centralised exchanges, and our funds should be kept safe in our own non-custodial wallets.

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