Post
Topic
Board Altcoin Discussion
Re: Why the hate on binance exchange
by
sana54210
on 23/07/2021, 18:00:46 UTC
I don't see any reason Binance will be persecuted soon. Being one of the largest trading platforms at this time, it will be risky on their part if they cross the line which they didn't. They have identity verifications that are strong plus they are recognized by the various governments as long as they follow regulations. I'm sure many government agencies are monitoring their activities because they involved large quantities of financial assets. As long as they will maintain their trust, Binance will remain strong in the passing years.
That is the thing people do not realize, we are talking about 100+ billion dollars total deposited there probably, I do not have the exact number but I am pretty sure it's close there or above and that means there are soooooooo many people and amount of money in there which makes governments worried, not like there is a binance building that governments can go to and charge them with anything neither, Binance while being super huge, deals with so many secretive moves as well, like CZ and many main staff not being in the headquarters they listed just to show an address, those are hugely risky things.

However I also do understand it from Binance side as well because if they were like in a building at New York, they would have been found guilty of something, anything really just to get them because governments hate others that have power and not bribe the politicians at all, binance will be left alone only after they start to bribe those people.