The fact that Binance even has issues with my country has made me almost completely stop working with it...
This same exchange binance has been facing a lot of challenges with other countries, you can consider Us as the number one, we have Canada, India and so many other countries whereby they have been taking it hard on the exchange to ensure its been regulated by them, the better for us to know the danger and implication that be be involved with he use of a centralized exchanges, i thought about that of mixers will be a lesson for many of us, even the CEX that have no privacy were under attacks from government.
Binance has its own policy regarding the use of the exchange they have. As long as this country accepts the policies that exist in Binance as a trading place which are very firm with the rules they have then it will be easy for that country to access the Binance exchange, but if a country doesn't If you agree with Binance's policies, there will definitely be many obstacles that will occur. Mixer is indeed used to launder money because there are several Mixer platforms that can be used without having to use KYC. Meanwhile, for Binance currently, those who have large amounts of money are required to complete KYC first to continue transactions smoothly.
I see your post as one with so many faults, my friend. First, when it comes to registration, licencing and regulations, Binance or any exchanges/companies do not have much say in a domain, they must obey the law of the land, period! It is either they cooperate or exit their business from the country. The law is the law and the constitution is the constitution, no one will change it for Binance or any other company. The only avenues they can have some opportunities are in tax relief/holiday and a few opportunities at the discretion of the country. Nothing more.
Not that Binance would say this is what we want and this is how we will do it and the country will keep mute. Who does that?
As for the m!xing services and others, they are nothing more than unlawful establishments, we have them in almost all facets of all industries. Well, I blame the world's government over this for their lack of coordination. If they can work in unity, then those services could be a forgotten issue sooner than we expect. And as long as they are serving people and not ghosts, that means they are visible and reachable, and for this, the hand of the law will reach them faster.
