Saturday, June 22, 2024

Binance, regulators and The Wild West of crypto

By DAC000 , in Cryptocurrency Regulation , at July 4, 2021 Tags: ,

according to FT, who suggest the FCA crackdown is just beginning. About a two minute read.

Comment: wow totally eye opening about how fast and loose Binance plays. Personally I wouldn’t go anywhere near a non FCA registered exchange for a simple reason: if there are problems how and where do you raise complaints? And that is the least of your worries, what happens when you sell a large amount of crypto and remit funds to your bank, who starts asking the appropriate questions? Too risky.