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Hmm, this gives me similar TikTok vibes, the US tries to ban it, but faces public backlash, so now rely on its "allies" to do the dirty job We never learn do w
by WhereIsTheTruth 3y ago
Hmm, this gives me similar TikTok vibes, the US tries to ban it, but faces public backlash, so now rely on its "allies" to do the dirty job
We never learn do we?
- Delotono 3y agoI think you compare apples with bananas. Binance is targeted by existing laws against money laundry, bank license etc. TikTok is suggested spying on people. Why would TikTok matter here at all? And me and other people said it often enough: as soon as crypto is big enough to threaten countries control over money they will make it illegal and the loudly repeated benefit of uncontrolled money will be gone. And it was also always clear that crypto is not solving this problem because it's by design and not a problem to solve.
- JumpCrisscross 3y ago> as soon as crypto is big enough to threaten countries control over money There is no evidence crypto has threatened any country’s control over its money, let alone a developed country’s. And to the degree it might have, that influence is certainly lower today than it was two years ago.
- Delotono 3y agoYou are aware what is happening in USA and eu right? Regulation of crypto. And china did it before too. The reason why the influence is lower because of all those crashes and regulations.
- JumpCrisscross 3y ago> TikTok vibes, the US tries to ban it, but faces public backlash There is no substantial public backlash to turning crypto and its adherents into a whipping boy in America. The debate is largely as to the form. TikTok, meanwhile, remains unbanned in America and Europe, as well as substantially in litigated. (There is also limited evidence they’ve broken existing law like Binance has.)