CEXs work hand in hand with governments.
~
So why not just advise and tell people to stop using CEX entirely?
~
We have effecient, fast, simple, user-friendly and totally P2P solutions at our disposal
The fact that centralized exchanges cooperate with government, isn't necessarily a bad thing. Obviously it's bad for privacy, but it makes bank transactions look less shady. At least my bank knows I'm dealing with a legit company, even better if it's registered in my country.
I don't have to log in my bank accounts and make a payment to exactly Quassam Bon Loden of exactly 1446.6 Euros to this account AD1400080001001234567890 and not one wrong letter and number.
This is exactly what would set off all kinds of red AML flags at the bank.
Binance will not exit scam you for 1 btc... but a p2p guy might.
Binance will just
take your money when
they made a mistake.