Quote from: DrDoctor1234 on May 12, 2019, 03:34:51 AM

Quote from: Yaunfitda on May 12, 2019, 03:11:54 AM

CZ also said that it gave them a valuable lessons. So I think they have a lot of things to improved security wise and it could be a complete overall of their system. He also mentioned about getting some experts. So they are business as usual if they open early next week and allow the exchange to go back to it's normal operations.

Binance is a unicorn company worth well over a billion dollars. I get that they'll try to get back to normal operations soon, but most governments/regulators will do everything they can to regulate and get a tax slice of that income, and they'll use this security breach as evidence that more regulation is needed.

So I hope it will be back to business as usual, but eventually they'll be pressured to consider regulations. Even if they move their head office, they could be forced to abide by rules to offer services in particular countries.

So it will be a continue mouse and cat game, ala catch me if you can scenario for Binance. But I don't think they are willing to be forced and abide by the rules.

This is how they built their company, no KYC at least for 2 BTC limit, which is enough for casuals and average Joe.