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[SCAMEXPOSER]

The recent crackdown on Binance by the financial regulatory authorities of UK, Germany and few other countries has brought positive development to the platform as the CEO Changpeng Zhao, revealed via his Twitter handle that the platform is already getting licenses and approvals from countries existing legal framework for crypto exchanges. How did you feel about this update?.

 

[Josemendez]

This is the right thing for them to do inorder to maintain their user base because the regulators can stopped their citizens from using Binance

 

[SCAMEXPOSER]

This is the right thing for them to do inorder to maintain their user base because the regulators can stopped their citizens from using Binance

Definitely, because the rate of the ban is becoming alarming, I learn Malaysia has also ban the platform from operating in the country.

 

[BullyMaguire]

That's great and it's the only logical move for them. They wouldn't want to get to the point of not being able to operate in those countries anymore and this is a small price to pay

 

[ElPaule]

The recent crackdown on Binance by the financial regulatory authorities of UK, Germany and few other countries has brought positive development to the platform as the CEO Changpeng Zhao, revealed via his Twitter handle that the platform is already getting licenses and approvals from countries existing legal framework for crypto exchanges. How did you feel about this update?.

I think this is going the right way. This decision is absolutely crucial for the success of the platform. The mentioned countries, UK and Germany might not be the biggest countries by population but there sits a lot of money. I hope they also cover other countries in the near future... I like Binance and would be happy if it would be compliant in the country I am.

 

[Josemendez]

Definitely, because the rate of the ban is becoming alarming, I learn Malaysia has also ban the platform from operating in the country.

One thing about social media is the fact that it can get news to larger audience. What is happening with Binance can be seen to be the issue of Regulators trying to get their own cut

 

[SCAMEXPOSER]

CZ should have a round table discussion with regulatory authorities from different countries to sort things out amicably, he should bring down Binance by himself.

 

[Brain]

It seems they have understood the importance. I wonder why it has to take them this long. This was what would have helped and boosted them for a long time ago

 

[Razor1911]

It seems they have understood the importance. I wonder why it has to take them this long. This was what would have helped and boosted them for a long time ago

Hopefully they have understood their flaw. In this way if they keep on solving their issues, obviously the customers will be happy with their promptness.

 

[Brain]

Hopefully they have understood their flaw. In this way if they keep on solving their issues, obviously the customers will be happy with their promptness.

I believe they will notice the difference when once they start operating with their license. It will be a lot better both for them and the users too

 

[a_jerobon]

That is a great move they are taking. Binance has recently faced bans in several countries which is not great for itself and its users. Having a global license may put an end to these problems.

 

[Wisdom01]

This was exactly the issue that they are facing am glad the CEO is taking that move and trying to make sure the license is truly done and executed too, since the threats were becoming too much

 

[microunit]

This is a good update to the issues, but they've should've dealtg with these legalities stuffs prior to even extending extending to other countries to even avoid these stuffs from happening

 

[Wisdom01]

This is a good update to the issues, but they've should've dealtg with these legalities stuffs prior to even extending extending to other countries to even avoid these stuffs from happening

I think they might not be expecting the regulations , thats why they are now struggling hard to respond to the regulation very fast I think

 

[LutherKing]

So everyone is on against TBD company bit I believe they will cone out as warriors and fighting of this situation. To be honest since its an best exchanges

 

[Niftyicon]

The platform is on the right path with decision its management has made. If the business complies with all the necessary regulations and policies guiding its mode of operation in a location, no one would boot them out.

 

[Mariappa45]

Binance CEO changpeng Zhao have been going tremendously simply moving the cryptocurrency exchange platform higher by dragging different methods which you can trade cryptocurrency online via their exchanger.

 

[SCAMEXPOSER]

It is also a fundamental fact that if the company comply with other countries regulations it would have grown or expanded much more than this current level.

 

[Wisdom01]

The platform is on the right path with decision its management has made. If the business complies with all the necessary regulations and policies guiding its mode of operation in a location, no one would boot them out.

Yeah true no one would boot them out ,that is what many business needs to have in mind and collect license from the government to operate

 

[SCAMEXPOSER]

Yeah true no one would boot them out ,that is what many business needs to have in mind and collect license from the government to operate

I'm very optimistic that binance will bound to pressure and collect all the necessary clearance and licences to operate in different countries.