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>Binance has a legal liability problem from their genesis as a law flouting business. US-law. Not everybody in the world is obligated to abide by US regulation
by logicchains 6y ago
>Binance has a legal liability problem from their genesis as a law flouting business.
US-law. Not everybody in the world is obligated to abide by US regulations.
>reliability and sound business practices
Sound business practices like charging extortionate fees, literally 5-10x more than the non-US exchanges? It's typical regulatory capture: Americans are forced to pay more because they have fewer options.
- pmorici 6y agoNo, but Binance being a US based business is required to abide by us law. A basic Google search will tell you they are based in San Francisco.