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Binance has Australian financial services licence cancelled by ASIC
- prottog 4y agoWell, I suppose the house of cards is tumbling down.
- aww_dang 4y agoCentralized exchanges have always been the weakest link. If we accept the thesis that cryptocurrencies offer a meaningful alternative to central bank issued currencies, then it follows that any state threatened would reasonably respond with regulatory action. If regulators are not banning cryptocurrencies or making compliance prohibitively expensive, then cryptocurrencies are not living up to their original stated ideals. For me this is more interesting than, "Crypto is all a scam, told ya so!"
- bcrl 4y agoCrypto needs exchanges to be useful. If exchanges can't be trusted, they can't be used. In that case, how does crypto interact with the real world? Crypto needs to figure out how governance works if it's going to survive.
- ParksNet 4y agoClearing the decks before CBDC.