/biz/ - Business & Finance

>>29900754
they are unregulated they don't have licenses to operate [3], that is illegal. Also, they are routinely fucking over traders by manipulating prices and fuck over everyone on margin, they are also known for doing a shit load of washtrading
CZ is a scammer he knows people are on to him or he wouldn't be listing unaudited tokens and DeFi projects the same day they are released if he wasn't making a final cash grab.
Otherwise he would be more careful so nothing bad happens and no one had complaints against him. He's listing things like he knows he has limited time to get all he can before he has to hide.
Governments don't let random people set up major money and banking exchanges with derivative products and lending services and all that to random people and then watch them take billions out of each countries economy and into his pocket without them locking the guy up. He's a dead man walking.

You know how even the sketchiest of criminal entities incorporate in cyprus or Caymans or some shit? Well, CZ said Binance was listed in Malta.

Malta DENIES THIS. [1] [2]

So, Binance is NOT incorporated ANYWHERE. Which means that they operate completely outside of any jurisdiction. For DeFi, that might be OK, but a centralized exchange?...
Also, be prepared for any transactions that you chain convert from Binance to fiat to be frozen or seized by the authorities of whatever country you are a citizen of.

[1] https://www.mfsa.mt/news-item/public-statement-2020/
[2] https://www.coindesk.com/binance-is-not-under-our-jurisdiction-says-malta-regulator?utm_source=hootsuite&utm_medium=twitter&utm_term=Events&utm_content=Register&utm_campaign=FATF
[3] https://www.forbes.com/sites/michaeldelcastillo/2020/10/29/leaked-tai-chi-document-reveals-binances-elaborate-scheme-to-evade-bitcoin-regulators/?sh=159845a72a92

>>29900754
Just need to wait it out until bitcoin pumps again or goes sideways long enough degenerate gamblers seeking green dildos go looking for altcoins to dump BTC into

FUD is spreading, BUY signal

>>29900754
you're fucked, pray for chinks to save you 3 years from now

>>29900754
can't promise everything is going to be okay, bnb is at the mercy of bitcoin. for what it's worth i'm still holding on to 400BNB.