Post
Topic
Board Bitcoin Discussion
Re: Is the US Government Trying To Control Crypto?
by
audaciousbeing
on 11/09/2019, 14:15:58 UTC
Binance just announced that their US platform would be ready in weeks. The question is, what's on the mind of the American government concerning crypto. Isn't it possible they're trying to control it like the USD? https://www.cryptoinfowatch.com/binance-us-ready-for-launch-in-weeks/

This kind of question does not even need any form of thought before answering because that is the case however, you don't expect government to come in clear terms of what their intention is but with the various controls put in place and compliance that needs to be done if the business want to keep functioning, the outcome is simply control. For Binance to now have a platform to specifically take care of the needs of their clients in the States, it should send a signal that its going to be fully compliant to the rules and regulations of the jurisdiction. So, to people in the States, don't even think of anything under the law with this platform as there will not be anyway to hide. Just be fully transparent and ensure you activities is fully compliant with the law.