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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?.

 

[Wisdom01]

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

Really hopes they do , it will increase the trust many users have on the platform and also popularise the platform more than expected too

 

[SCAMEXPOSER]

Really hopes they do , it will increase the trust many users have on the platform and also popularise the platform more than expected too

Definitely because cryptocurrency market is growing beyond the imagination of so many people and there is need for you to build confidence in the subscribers of each platform especially like binance.

 

[Niftyicon]

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

Absolutely! The problem many businesses are having now is operating illegally in certain places and that is mostly due to wanting to evade taxation or to avoid accountability.

 

[oussama18]

Financial regulators worldwide have targeted Binance, with some banning certain activities on the trading platform and others warning clients that it is not authorized to operate in their regions.
The statement said that the license allows the trading and management of crypto-asset portfolios.
Binance is also working on having a presence in the United Arab Emirates.