Post
Topic
Board Economics
Re: Binance legally registered at U.S, does Bitcoin will get increase?
by
kingcolex
on 17/09/2019, 13:20:20 UTC
The U.S never banned crypto. Binance had to block US residents from accessing their site because they didn't have any license to operate there.

Oh I see, my mistakes thanks anyway for correcting me sir for this. Meaning, all US residence are now free to register on binance platform.
So this is a great news to all people out there who are bitcoin and crypto believers, am I right?
Binance is going to launch separate trading platform for the US citizen alone,so when it was launched people from US also can trade but I don't think it is not going to increase the adoption of bitcoin.

Bitcoin is already legal in US and they consider it as an asset and have taxation system for it as well.
The reason Binance is segregating their US and Global system is to meet the demands of US regulations and I'm guessing to have the US side insured (as other bigger exchanges are here). That and stricter KYC and taxation logistics.