Quote from: freedomgo on Today at 07:47:31 PM

Quote from: travwill on Today at 07:06:23 PM

I think that everything is happening for a reason.
Several European countries have already banned the work of Binance on their territory, regulators are getting closer and closer, and I think that it is for this reason that Binance is forcing this story with the identification procedure.
Probably Binance wants to comply with the rules of regulators and this is the only right decision.

Before they start their operation in a certain territory, they have to comply with the rules and regulations as they are certainly subject to it. What Binance is doing now is they are preparing for the future as eventually, most countries will regulate crypto and exchanges will be no exception to that. At least they are making a progress to make it safer for the clients and for their business to be compliant although not everyone is happy with the KYC requirement or procedure.

I think so too. It looks more like Binance is adjusting to regulators so that there will be no problems with business in the future.
Obviously, this protects current customers, and the very work of the Exchange, and therefore the price of the BNB coin. The main thing is that Binance does not become "too" a regulated exchange.