Re: Another Boom for the crypto market.

Quote from: Spaceman1000$ on January 18, 2023, 01:50:18 PM

With governmental authorisation, Binance can now provide cryptocurrency services in Poland.

I think it's great that the worldwide community is supporting the cryptocurrency industry, this is a significant boost, and I think more nations will follow the present global trend.

https://www.binance.com/en/blog/ecosystem/binance-moves-forward-with-local-development-and-regulatory-compliance-in-poland-1233996135851733478

Are you Polish? Because otherwise I can't understand such enthusiasm.

Quote from: bullrun2020bro on Today at 11:22:27 AM

Quite impressive. Binance now holds a licence in several countries on various continents. In Europe its seven licences already:

1. Binance France SAS

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2. Binance Italy S.R.L

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3. Bifinity UAB Lithuania (formerly called Binance UAB)

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4. Binance Spain, S.L

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5. Binance Cyprus Limited

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6. Binance Nordics AB (Sweden)

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7. Binance Poland Spółka z Ograniczoną Odpowiedzialnością

Yes, it is impressive that a thing called the Union, instead of being a unit for many things, is a gluing together of watertight compartments. It's the same with bookmakers, if you have a bookmaker and you want to operate in EU territory, you have to apply and if you are granted a licence you have to pay for a licence in practically every country, instead of just one licence for the whole of the European Union.

This means an excessive multiplication of bureaucracy and fees, in addition to compartmentalising the market, which is certainly not going to put the EU at the forefront of innovation in the crypto world.