...Also binance sent a message to its US based customers to stop trading on their platform because their account will be banned. I'm not sure if this has been executed by Binance.
This is because they are supposed to trade on Binance US and not on "main" Binance exchange.
Crypto tax is a growing discussion across nations which allow crypto transactions.
Even when there were no regulations, traders and investors have deviated from the very purpose of bitcoin as pointed out by pooya87. If we were to dig the cause of all these tax regulations, it's down to people who used it as an investment vehicle.
What are your thoughts on these regulations?
I don't know if this gives a false sense of security to traditional institutions or traders from regulated markets like stocks or forex but regulation of exchanges and custodial services brought a positive reaction to the price it seems.