They're already blocked from doing business in the US.
From what I heard nobody even knows what jurisdiction Binance is based in.
Crypto is all super shady but that's how their advocates want it I guess?
Crypto is all super shady but that's how their advocates want it I guess?
[1] https://support.binance.us/hc/en-us/articles/360050532193
Binance is not crypto, it's a traditional centralized company. This goes for most other shady stuff in the space.
(Similar to vietnam as final assembly place for cellphones, to avoid made in china).
So its a party company, out there to keep a eye on the syphoning of funds out of china by the rich.
Former founder "vanished" like so many not party animals.
Otherwise, there is no justice system, so even a billionaire can vannish over night, making all the money in the world worthless. What good is it to be a party official, if you can not garantee that your children and spouse are in safety and better off at least.
[0]: https://2009-2017.state.gov/j/inl/rls/nrcrpt/2016/vol2/25342...