Quote from: RbiggerG on Today at 05:15:27 PM

Quote from: n0ne on August 08, 2021, 11:59:16 PM

Based on the move of bitcoin we can see the growth with the altcoins on the top list. With Binance the scenario is different in the past, because it recorded its ATH when the entire market was bearish. Later when the market turned bullish it made its new ATH. BNB is a potential asset and the growth will happen for sure. If I'm not wrong there is more chance of price touching $1000 before the ongoing year end.

Yes but the whole market gained quite a bit while BNB didn't move that much. It does have most likely to do with the problems they now need to focus on and solve as quickly as possible. They are going through stressful times now, but I expect them to fully comply and resolve everything.
What I didn't like that much is that they want to turn Binance into a fully regulated financial institution. Those are the words of CZ. It quickly reminds me of banks raping their customers with high fees because regulatory requirements are expensive. I hope not, but I am afraid Binance will end up like any other bank. Coinbase already is hardly different from a bank as well.

We have to deal with the changes if we will still use Binance as our exchange, regulators just need to ensure that the exchange is following the requirements and I believe banks and crypto exchanges have separate regulations since the latter is offering cryptocurrency which is different from fiat.

What's important is they will comply so they will continue to operate and for us users or their clients to be aware of the changes.