Binance platform is under investigation, withdraw your balance and watch the market from afar!
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Answer Binance platform is under investigation, withdraw your balance and watch the market from afar!
First, this topic is not new, but it is brought up with every violent bleeding of Bitcoin and cryptocurrencies, and secondly, I am not new to the cryptocurrency market to state that the Binance platform is in danger of closing, or that I heard slang words or that I have a negative attitude on the platform or or a certain party leads me.
Rather, I am almost sure that the matter is out of control, and I am interested in the interests of the followers of the blog and the protection of their balances, and I want to emphasize that the Binance platform is no longer just an ordinary platform for trading cryptocurrencies, but rather has become a global market and a huge financial entity sprawling in various countries, and it embraces very large financial liquidity capable of trading. Creating a financial crisis in the cryptocurrency market.
Read:After its share value drops below $1…Bitcoin miner Digihost faces delisting threat from Nasdaq
More dangerous than this, the Binance platform is vulnerable to hacking and piracy at any moment, and the matter does not stop at this, but it is about protecting users’ funds, which in turn is guaranteed by international and local laws of countries and financial and economic blocs.
The United States of America is on the list of countries most keen on the property and money of its citizens, and this is exactly what portends an in-depth investigation into the Binance platform, and of course the investigation will not take place and circulation is open to it, which means that the temporary closure is a security necessity. The issue of resuming trading on it remains a pending issue that may last a year or decades, and the examples of that are many.
Experiments with global platforms and sites closed without warning.
There are many financial platforms for trading digital currencies that have closed their faces to their users without warning, or on the pretext that they have been hacked or that they are subjected to legal and financial pressures by some governments, but what is the fate of those seized funds, of course you will answer that they are under investigation and that was the case With Cryptopia, Ether Delta, Levcoin, CoinExchange, BitBazz, Bitconnect, Alancoin, Regalcoin and the list is long.
Read:Court order to stop one of the oldest cryptocurrency exchangesBinance is under investigation on suspicion of money laundering
The reason behind the investigation with the exchange platform
It is common knowledge that if a digital asset exchange or platform offers its products to customers within the United States, they generally must register with the CFTC. States may have other specific requirements, for example, New York requires that any company that conducts digital asset activities in New York State must apply for a specific license called “BitLicense.” Doing business without such a license is a felony.
Here is the best way to protect your investment in the event that an investigation begins with the Binance exchange.
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