But decentralized exchanges are just gateways to other cryptos.
When you try to go for fiat as most users want they can prove to be a honeypot, even with a dex like bisq, the authorities need to catch one trader by doing a trade with him, then they know his bank details and then the bank will give them all the payments he has made and all the name of the ones he has dealt with.
And if we talk day trading, then dex are no solution, the volume, the liquidity, and the speed are still on CEX
Hihi, so that's the list Binance is banned, there should be a longer list where Binance has no license and has been threatened with lawsuits but still operates waiting for the inevitable.
It all depends on the needs of each user and the country where they pay taxes, at least in part. In several European countries it is possible to sell crypto and obtain fiat without the need to do it through bank accounts, there are stores specializing in that, but I can't tell you what it's like outside of Europe, as I've never had a chance to try it. On the other hand, I do know people who have sold their cryptocurrencies by hand in other countries outside of Europe, an alternative to consider.
I'm guessing the list of countries where Binance is not licensed is bigger, but after the news we're seeing about banned exchanges, there's a good chance that Binance will keep losing licenses.