https://twitter.com/BitcoinMagazine/status/1785384669812273570?t=ZGZzfngY_UpyDCLbq4hWTA&s=19What 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.
The Binance CEO has really faced a lot of persecution from the government, is like a lone sheep in the wilderness facing all the wolves.
This is more like giving a dog a bad name just so that you could kill it, it's purely a fight against the Bitcoin community and considering the fact that Binance is a leading CEX, they are fighting it with all their might. Luckily a four months sentence is not much, but it's a dent on his imagine and that is what they've been looking for, since the last prosecution ended in forfeiture.