New Era of Binance

 Changpeng Zhao (aka CZ) was refused access to the UAE by an American court because he was under investigation. The CZ offered a bail of $4.5 billion, but the offer was rejected.

Despite Binance surrender and the actual transfer to the US, the restrictions on freedom remain, and the former owner of Binance will have to wait for a court verdict on American soil.

A year ago, it seemed that Binance had built a strategy to counter legal attacks. In the United States and Europe, the crypto exchange received painful legal injections, and investigations were conducted against the CZ itself. However, Binance responded by stepping up its work in Asia, Africa, and Latin America. However, it was not possible to resist for a long time. The company could still maintain its position for some time, but it was clear that competitors were getting ahead. We do not know what Zhao was told, but he fully accepted the terms of the Americans: came to the country, gave control over Binance and paid a huge fine.

The era of Binance-CZ is over. It’s pathetic because it was at least fun.

Quite often we are asked: why did Americans not deal with the stock exchange? They could have acted much harder, but did not. Why?

In fact, Americans had no intention of destroying Binance. Why do they lose such a valuable asset when you can get it under your control?

If you look closely at the events of last year, it becomes obvious that the purpose of the conflict with Binance is control of the crypto business. Here the CZ company is perhaps the main element of the new control system.

The consolidated actions of the US and European authorities were more like a carefully designed operation. Binance had no chance of remaining independent. Let’s hope that the CZ will be well, and the refusal to leave - it is only incomprehensible.

 

#BinanceUnderInvestigation #CryptoControl #BinanceNewEra #CZLegalBattle #USCryptoRegulation