Binance has Australian financial services licence cancelled by ASIC

Centralized exchanges have always been the weakest link. If we accept the thesis that cryptocurrencies offer a meaningful alternative to central bank issued currencies, then it follows that any state threatened would reasonably respond with regulatory action.

If regulators are not banning cryptocurrencies or making compliance prohibitively expensive, then cryptocurrencies are not living up to their original stated ideals.

For me this is more interesting than, "Crypto is all a scam, told ya so!"

Well, I suppose the house of cards is tumbling down.

Clearing the decks before CBDC.