Post
Topic
Board Bitcoin Discussion
Re: Looks like every country now are milking binance...
by
stadus
on 02/02/2025, 12:11:26 UTC
There is always a bargaining chip on the table and if the case is not in the realm of criminal violations then there will be a possible agreement for both parties to settle. In my country, we also used to face regulatory problems but slowly it was resolved because of the good intentions of Binance in resolving the problem. We know that all of this is nothing more than a matter of money and sometimes it is not only about money but there are other motives as an effort to cooperate that is desired.

In the end we will see them trying to offer cooperation because there are many benefits that can be obtained through the exchange and that is exactly what makes policies to smooth their steps as an effort to gain profit from the company as has happened before for several countries regarding the exchange.

It looks like we'll see a similar setup as in the US. When it comes to issues like money laundering, exchanges tend to settle with penalties especially if there’s no intentional wrongdoing. What I'm noticing here is just a lack of proper implementation of policies in these jurisdictions. Probably, it's because Bitcoin wasn't that popular before, so the laws weren't enforced as strictly, but then, ignorance of the law is not an excuse, so Binance will have to face the consequences of their actions.