What next after four months,
On Tuesday, the Binance CEO CZ was sentenced to four months imprisonment all on the charges of allowing for the participation of illegal money laundry from his exchange Binance, the US government gile a lawsuit against him and charged him, same way they habe been clamping down of other privacy means in which bitcoiner can use to achieve thier goals, i don't wa t to mention the keyword bit we all know about the recent ban thst took effect since January 1st of this year 2024.
With all these happening, I suggest we should be reminded as bitcoiners on what we are made for and should not loose focus on how we can achieve our target with the use of bitcoin for our financial economy in all modules of it's applications Privacy should be our heritage with bitcoin, using centralized exchanges is the weakest means to have it, because the governments will be after you when you're under a centralized exchange, they have all your details with them.
Every bitcoiners should understand why they need to have in custody their own digital financial asset and not with third parties like exchange ss, they can be attacked, hacked and if any of these happens, our asset with them are gone, we should learn to avoid the use of exchange, hold our bitcoin on cold storages and remember that not your keys not your coins still ever remains verdict in bitcoin network.
Four months is nothing, tbh. It goes away fast. They should've let CZ free, though. Especially when he paid a large fine and admitted he was guilty of money laundering. CZ even went as far as stepping down from his role as CEO of Binance. At least, his sentence isn't as bad as SBF's.
The US government has been targeting the crypto industry lately, so I wouldn't be surprised if they hunt down someone else next (Vitalik Buterin, maybe?). I've read somewhere on the forums that Roger Ver (BCH proponent, which is aka Bitcoin Jesus) was arrested for tax evasion. So you can see where everything is heading to. A good thing Satoshi Nakamoto never revealed his/her identity. Otherwise, he/she would be toast by now.
