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[AudraMiller]

Cryptocurrency exchanges are a necessary part of the crypto world and that is the best way for peopel to easily trade between coins and to make a profit from their cryptocurrency portfolio as well. There are many that even use exchanges to hold their coins as well, giving them the option to trade them immediately should the opportunity present itself. In a recent article however, it seems that South Africa has also issued an alert on the binance exchange platform to its citizens. What do you think is the reason that so many countries are starting to warn against these exchange platforms?

 

[Flower]

Binance may lose credibility if it continues to face different regulatory pressures. Cryptocurrency exchange is very important because they allow you convert your Cryptocurrency to fiat currency and vice versal.

 

[AudraMiller]

Binance may lose credibility if it continues to face different regulatory pressures. Cryptocurrency exchange is very important because they allow you convert your Cryptocurrency to fiat currency and vice versal.

That is true, however there are many people that also use places like localbitcoins where they can do a direct sale of their cryptocurrency Bitcoin to another person, for cash in their fiat currency.

 

[07Trinity]

Cryptocurrency exchanges are a necessary part of the crypto world and that is the best way for peopel to easily trade between coins and to make a profit from their cryptocurrency portfolio as well. There are many that even use exchanges to hold their coins as well, giving them the option to trade them immediately should the opportunity present itself. In a recent article however, it seems that South Africa has also issued an alert on the binance exchange platform to its citizens. What do you think is the reason that so many countries are starting to warn against these exchange platforms?

What was the alert about, binance is the number one exchange platform in the world,this should be enough confidence to tell people that they don't have any reason to fear or cause for alarm.

 

[AudraMiller]

What was the alert about, binance is the number one exchange platform in the world,this should be enough confidence to tell people that they don't have any reason to fear or cause for alarm.

I think that the main reason that people are becoming weary when it comes to this exchange platform is because of the fact that recently there are some regulatory concerns and therefore this can be quite worrying.

 

[Niftyicon]

What was the alert about, binance is the number one exchange platform in the world,this should be enough confidence to tell people that they don't have any reason to fear or cause for alarm.

The number of countries having issues with Binance was rising at the time and I think it was enough reason to be concerned. However, given the size of the platform, concern shouldn't turn into worry.

 

[07Trinity]

The number of countries having issues with Binance was rising at the time and I think it was enough reason to be concerned. However, given the size of the platform, concern shouldn't turn into worry.

I just did my research and I realize there were issues in the past which would have prompted such reaction and doubted the authenticity of the platform,not withstanding I believe things have turn to normalcy.

 

[Sotherefore]

I do not really see anything with binance because as I understand it is of the best cryptocurrency exchanges, they provide maximum protection to users asset, so I don't know what they are seeing in binance that lead them to warn the citizen.

 

[Lopmast]

I really don't know what is causing South Africa and many other countries to doubt Binance. I guess they are operating illegally somehow. These countries should tell us what is really going on.

This is funny though, but I think they want binance to enter into a dorm of negotiation with them for their financial gain probably in form of tax generation for their various governments

 

[btaliat]

I think Binance should step up its game. This is not the first time it will be in trouble with countries. There was a time it was nearly got outlawed in the UK. This may only happen if the company, Binance, doesn't follow the procedures laid down by the host countries. It won't be nice if all countries start picking holes on Binance.