🔥 Binance Faces US Government Backlash
In 2019, Binance, a Chinese-based exchange founded in 2017, halted major operations in the US and ceased accepting US users. Instead, it launched Binance US as its US-based counterpart.
Despite operating independently, Binance US, the international Binance, faced regulatory challenges. Italian authorities revoked its authorization in July 2021, and in May 2021, it underwent a US government investigation for alleged tax fraud and money laundering.
While US investors can't access the original Binance, Binance US offers over 50 cryptocurrencies with competitive fees.
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🌍 Crypto Legalization Gains Momentum
Amid significant restrictions from nations like the US, China, and Russia, El Salvador and the Central African Republic have passed legislation recognizing cryptocurrencies as legal currencies.
This move is poised to bring substantial improvements to crypto price stability and adoption.
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