Post
Topic
Board Economics
Merits 1 from 1 user
Re: Cz or the Sec who would you support?
by
Marvell1
on 08/06/2023, 10:52:06 UTC
⭐ Merited by JayJuanGee (1)
I support Cz with reasons that binance has done alot to earn it's communities trust,helping millions of users in the crypto ecosystem,and has more durable marketing strategy whereas the Sec is government driven and wants to control everybody.
Do you think Binance doesn't want to control everybody? why did they force their customers to complete KYC verification when they were not?

Even though centralized exchange make people easier to buy Bitcoin and convert to fiat, but if people only know to buy Bitcoin must use a centralized exchange, doesn't know about private key or seed phrase as they only know email and password etc, it will confuse many newbies since they think there's no such be your own bank in Bitcoin.

That's because they are complying with the law, and it is the governments that are forcing us to KYC through Binance and not by Binance. Do you think if they did not comply with the law, would they be able to survive and develop until now? KYC is something that goes against concepts like anonymity and privacy that bitcoin has created, but for a business organization, it is a must and must be adhered to.
Binance is just a business company, and what they do needs to be legal and controlled by the government. If you don't like KYC, then don't use it, they don't force you to use their service.