Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Topic started by: Mahindra on July 20, 2021, 07:53:49 PM
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First of all, it was the BSV blockchain space that had the “build” mantra instead of the “hodl” narrative since day one. In Bitcoin SV, we early on warned our readers of the hodl-mentality.
To be exact, it was foremost Dr. Craig Wright who called out the nonsense gambling attitude in BTC and other digital assets, pointing out that Bitcoin is to be used as cash and to value data:
CG
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Is Binance being delisted by banks?
Home » Editorial » Is Binance being delisted by banks?
Is Binance being delisted by banks?
EDITORIAL 19 JULY 2021
Dr. Michael Wehrmann
More than two years ago, Binance made a spectacle of their “delisting BSV” move. Back then, we called out the lies behind that campaign. Look at Binance nowadays. Haunted by increasing regulatory pressure. Delisted themselves by renowned banks Barclays and Santander. Public FCA and FSA warnings concerning Binance Markets Limited and the Binance Group.
However, what really caught my attention lately was this tweet by Binance’s CEO Changpeng Zhao (CZ):
That short tweet has a lot in it.
First of all, it was the BSV blockchain space that had the “build” mantra instead of the “hodl” narrative since day one. In Bitcoin SV, we early on warned our readers of the hodl-mentality. others info (https://coingeek.com/is-binance-being-delisted-by-banks/)
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Binance actually doesn't need to cooperate with the so-called Bank because this Bank can only accept if they want the rules and of course if there is a slight flaw then all cryptocurrency markets are released by the Bank.
Or it could just be an FUD for Binance from various media because this media is usually always looking to profit from the decline in coin prices.
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Binance can be deleted from a country or become an illegal application but that doesn't hurt Binance because the ones who will lose are the users of Binance who are in countries that prohibit Binance.
Suppose the trader has a Binance account that has a large balance and he wants to withdraw his money to Fiat then there is a very good fee for state taxes, if Binance is deleted then state taxes are not available from Binance.
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Binance can be deleted from a country or become an illegal application but that doesn't hurt Binance because the ones who will lose are the users of Binance who are in countries that prohibit Binance.
Suppose the trader has a Binance account that has a large balance and he wants to withdraw his money to Fiat then there is a very good fee for state taxes, if Binance is deleted then state taxes are not available from Binance.
Well, binance is the biggest exchange. As you said mate, finance can be deleted at countries, but binance will exist and always be used by trader and investors.
I personally like binance for.my transaction.
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Binance is currently one of the best exchanges in the world.It is a very large type of exchange and trading on this exchange is the most advantageous. CZ’s Twitter audience is probably 99% clueless amateur “traders” that try to dump their “crypto bags” on the greater fool, and 1% could be following him hoping for a giveaway in BNB or the like. So within these kinds of people, to build something seems to be considered a controversial approach.
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It's a shame for those (BANK) who removed the collaboration with Binance because Binance is a very good cryptocurrency market for profit.
We can see that Binance is the number 1 cryptocurrency exchange in the world, so if we miss the moment of collaborating with Binance, it is the same as breaking the profit chain from every trade, withdrawal or other transaction.
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Binance also doesn't need to beg the Bank to provide even simpler convenience when it comes to regulations like this because Binance can toughly solve problems like this on time.
If it is true that there is a bank in the world that removes cooperation with Binance such as deposits and withdrawals, then this bank certainly does not know how to make profits from each transaction.
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This is really very bad news in my opinion because Binance is a trading platform that is open to the public and combined with conventional banks to be able to work together on Fiat Deposits and Withdrawals.
If a bank misses a moment like this, aka the bank removes cooperation with Binance, it is certain that the bank is avoiding the risk of problems caused by cryptocurrencies and of course it depends on the regulations of the bank concerned.