⭐ Merited by JayJuanGee (1)
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.
It doesn't really matter what Binance wants, they are required KYC their customers by law as regulations have gotten tighter on cryptos.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.
Other thing is that if SEC win I am worrying that the rule with more more countries because a lot of US rule also that been widely using by other country, and if this happen Crypto that supposed to decentralized will become centralized
We should worry about our own equivalence to SEC. EU has ESMA and just released new crypto-assets regulation, China has CSRC and so on...The important thing here is to realize that bitcoin is not crypto and bitcoin is not a security. that's all there is to know.
BTC is not crypto?Is it a non-crypto coin?
As far as I know, BTC is a part of crypto coins.