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[AudraMiller]

Binance is one of the largest and most well known cryptocurrency exchanges, and the number of peopel that make use of this platform on a daily basis is increasing at an alarming rate. In fact, there are many people that are still signing up to this exchange platform as I am typing this here. However, there are regulatory concerns that have been raised regarding Binance and this has caused some countries to ban the binance exchange platform. Fortunately, all is not lost for this exchange just yet as VISA and Mastercard say that they will continue to support the cryptocurrency exchange, one of the most prominent ways that people purchase crypto via the exchange platform.

 

[CyberPreNurse]

The issue with binance in most countries is their not obtaining license to Operate in those countries and I believe they are going to do so now that their survival is being threatened. There's hope for binance.

 

[SCAMEXPOSER]

Binance is not distracted by all these tactical ban by the different countries, the platform keeps launching new projects with new innovations.

 

[CyberPreNurse]

Binance is not distracted by all these tactical ban by the different countries, the platform keeps launching new projects with new innovations.

I have observed this too and it gives me a sense of relief and I do not see any need to send my funds out of binance as some people are doing already.

 

[SCAMEXPOSER]

I have observed this too and it gives me a sense of relief and I do not see any need to send my funds out of binance as some people are doing already.

Binance will be fine though it will be nice if the exchange platform obtain all the necessary licenses in countries where is having challenges.

 

[Wisdom01]

I think the regulatory threat are juat not giving valid signs ,because binance have been existing since 2017 and have proven to be legit with millions of users ,so i see no reason why visa and mastercard would have to quit their deal with them

 

[SCAMEXPOSER]

Binance is a big platform so such challenges are expected , it is left for the CEO to manage them effectively so that the system won't crackdown with continuous ban.

 

[CyberPreNurse]

@De-rector you're right and I also think some competitor exchange platforms are also behind this as they believe binance fall would make them have an opportunity to become popular too.

 

[Wisdom01]

@De-rector you're right and I also think some competitor exchange platforms are also behind this as they believe binance fall would make them have an opportunity to become popular too.

Those exchange platforms that might be doing such blackmailing plan would surely fail on the long run , because they have once try to place bad reviews about the platform , but its still existing and developdevelopm

 

[AudraMiller]

The issue with binance in most countries is their not obtaining license to Operate in those countries and I believe they are going to do so now that their survival is being threatened. There's hope for binance.

They will likely obtain licenses, however they have to consider the cost of getting this license as well as it could be quite costly to operate in some countries that do not have enough users to justify this license.

 

[Razor1911]

They will likely obtain licenses, however they have to consider the cost of getting this license as well as it could be quite costly to operate in some countries that do not have enough users to justify this license.

But no matter is the cost, they should resolve the issues as soon as possible. The matter has become a main centre of concern, at least they should try to consider solving this issue and regain customers confidence.

 

[Wisdom01]

They will likely obtain licenses, however they have to consider the cost of getting this license as well as it could be quite costly to operate in some countries that do not have enough users to justify this license.

I think the revenue they are generating shouldnt be a big cost for them to obtain a license and operate without any restriction and other regulatory threat

 

[CyberPreNurse]

They will likely obtain licenses, however they have to consider the cost of getting this license as well as it could be quite costly to operate in some countries that do not have enough users to justify this license.

I'm sure they would only obtain license in countries where they are having a large number of users as it would enable them to gain too from charges they take per transaction.

 

[SCAMEXPOSER]

That's true , I think the larger user base on Binance are mostly from the African and Asian countries where cryptocurrencies are not regulated yet.

 

[CyberPreNurse]

That's true , I think the larger user base on Binance are mostly from the African and Asian countries where cryptocurrencies are not regulated yet.

This is one factor that is making them to continue with their services since most people from these countries are still using them for their transactions. Personally I find their peer to peer market place as being the best too, this makes so many people from my country to opt for them as the best option.

 

[Wisdom01]

This is one factor that is making them to continue with their services since most people from these countries are still using them for their transactions. Personally I find their peer to peer market place as being the best too, this makes so many people from my country to opt for them as the best option.

Their peer2peer comes with so much convenience with the kind of security they placed to prevent users fund from been scammed ,i still dont see the reason for the regulatory threat

 

[crypworld]

Binance need to strictly comply with the rules and regulations of a country, before they begin their operations.

Once that is done, the Binance Exchange operations would be smooth and wouldn't have to face any legal problems.

 

[Josemendez]

Ofcourse part of the regulation is prompted by their competitors. All they need to do is to work towards coming Into agreement with the Regulators

 

[BullyMaguire]

Ofcourse thry wouldn't go down just cause of some coutry ban.. but they should improve atleast to please them a bit since they are receiving warnings from big countries which supports Cryptocurrency

 

[Razor1911]

Ofcourse thry wouldn't go down just cause of some coutry ban.. but they should improve atleast to please them a bit since they are receiving warnings from big countries which supports Cryptocurrency

Yes, and I hope they will try to resolve their issues soon. They are very popular now a days, and they won't be liking it when some country tries to devalue their image.