Post
Topic
Board Economics
Re: Binance crisis - how will it affect the crypto market?
by
Bushdark
on 13/06/2023, 20:10:49 UTC
But i do agree that, once these exchanges will be banned partially or fully, how citizens are going to buy BTC, But wait, that factor can also not effect the market, because there are many BTC ATMs in USA, as these exchanges are only going to halt there functionalities in the USA only so i do no think we should worry about it.
However, it seems that a major problem arises when Binance is completely prohibited from operating by the authorities who consider themselves the most authorized in regulating this domain. Many users will lose trust in Binance when this top exchange collapses for its global version. We do not know if the issue lies with Binance in the US region, but it could potentially impact the global version of Binance, which is not available in every country like the Bitcoin ATMs in the US.

This issue is happening in the United States and I think it's only going to affect the Binance US alone since that is where the major problem is coming from. I still don't get why Garry had taken it upon himself to attack exchanges and making them to shift away from the United States since it looks like the law is too tough for them to be able to stay safe in the region without problems. Garry had been accused multiple times if manipulating the market for his own selfish interest and if this continues it could affects his reputation as a public figure.