Post
Topic
Board Trading Discussion
Re: Binance squeezes users on verification
by
leetcoiner
on 09/08/2021, 22:58:18 UTC
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.