This doesn't just concern binance but all custodial exchanges IMO as there's always a chance your local government could put exchanges (or crypto in general) in a strict regulatory pressure/framework.

So yes, if you're a custodial exchange user, you should always be worried and follow commonly advised precautionary measures such as not treating any custodial service as a means of long term storage, keeping up to date with relevant crypto news as well as your go-to-platforms.