Wow! Things escalated rather quickly. From 2 BTC daily limit for unverified users down to just 3% of it at 0.06 BTC all of a sudden, with others even complaining that theirs is 0.05 BTC. From basic verification to intermediate verification compulsory for every single user. It seems Binance is not just complying with government regulations; they are going the extra mile for them.
What other choice they got?
What choice did Changelly have?
Companies don't have any other choice than complying with the government rules. Warren Buffett explains this very well.
He says there are 3 types of shareholders in Berkshire.
"Holders of the A shares , holders of the B shares and AA shareholders.
AA shares are not public. They owned by the government."
These AA shares are what every company in the world issues without knowing. The government is any company's biggest partner. They own 30 to 50% percent of your annual income.
Binance isn't n exception.
And the latest news I've read, Binance is kind of having a hard time finding a government partner which sounds like a good thing but it is not because a company cannot survive without a government. It is a symbiotic relationship.