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HSBC, the 6th largest bank in the world, has now BANNED all payments towards Binance Exchange.


HAL1000
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1 hour ago, melushell said:

What a shitshow, they are ''protecting" us from using our money the way we choose to.

I don't think they randomly select an exchange to exclude from services. More and more dirt on Binance seems to surface in countries all over the world. I think they are doing this with good reason, I just hope it does not kill the market in the near future.

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3 hours ago, Caracappa said:

I don't think they randomly select an exchange to exclude from services. More and more dirt on Binance seems to surface in countries all over the world. I think they are doing this with good reason, I just hope it does not kill the market in the near future.

I am happy to be warned, but not happy to be dictated too. Although I haven't any intention of putting any fiat funds in to Binance anyway

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It's happening, I called this one over a year.  The banks will utilize regulations to run these exchanges out of existence as they gobble up their business model like hungry lions.  As I mentioned the only exchanges that will prosper are the ones that have attained some form of a banking license and have took the due diligence to align themselves with that industry.  Binance is huge but I always saw exchanges like CoinBase, Kraken ahead of them when it comes to aligning with regulators, Brian Brooks was a good hire but is he to late to right the ship for Binance on a global scale?  I see him getting it done in the US and just maybe if CZ moves quickly and puts him as the head of the global operation it may be a life preserver internationally. Say what you want about Coinbase but they are highly attentive to regulatory policies.  Next move up watch big banking make a move to purchase some of the now publicly traded crypto exchanges, not many out there "Hint!! Hint!!" CZ has to do what is right for Business now if he wants to see Binance prosper in the future.

Edited by RikkiTikki_is_Back
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12 hours ago, Caracappa said:

More and more dirt on Binance seems to surface in countries all over the world.


I’m just wondering what that dirt is.   Certainly various countries have acted against it because they don’t like the lack of KYC etc on many accounts.  But is that “dirt”?  Or just countries forcing Binance into the financial standards they demand for operation in their country?  (Which is their right, and I think a good thing.)

 

Or have I missed the actual dirt?

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56 minutes ago, BillyOckham said:


I’m just wondering what that dirt is.   Certainly various countries have acted against it because they don’t like the lack of KYC etc on many accounts.  But is that “dirt”?  Or just countries forcing Binance into the financial standards they demand for operation in their country?  (Which is their right, and I think a good thing.)

 

Or have I missed the actual dirt?

They're like Tether, lots of smoke but no fire. As long as they can keep paying everytime someone withdraws, they'll be fine.

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1 hour ago, BillyOckham said:


I’m just wondering what that dirt is.   Certainly various countries have acted against it because they don’t like the lack of KYC etc on many accounts.  But is that “dirt”?  Or just countries forcing Binance into the financial standards they demand for operation in their country?  (Which is their right, and I think a good thing.)

 

Or have I missed the actual dirt?

Binance is the world's largest crypto exchange (not owned or controlled by THEM), banks and other big players are making their moves into the crypto space, so first - take out potential competition. Who will become the custodians of all our digital assets, the trusted (cough), names we (cough) have always trusted. Not a bunch of cowboys on the fringes of the interwebs, after all look at Binance and all these other bad actors etc and the FUD surrounding them, trust us, where bankers after all!

 

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47 minutes ago, HAL1000 said:

Binance is the world's largest crypto exchange (not owned or controlled by THEM), banks and other big players are making their moves into the crypto space, so first - take out potential competition. Who will become the custodians of all our digital assets, the trusted (cough), names we (cough) have always trusted. Not a bunch of cowboys on the fringes of the interwebs, after all look at Binance and all these other bad actors etc and the FUD surrounding them, trust us, where bankers after all!

 

Yes it’s not hard to see the agenda.


“First they ignore you, then they laugh at you, then they fight you, then you win.”

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9 hours ago, BillyOckham said:


I’m just wondering what that dirt is.   Certainly various countries have acted against it because they don’t like the lack of KYC etc on many accounts.  But is that “dirt”?  Or just countries forcing Binance into the financial standards they demand for operation in their country?  (Which is their right, and I think a good thing.)

 

Or have I missed the actual dirt?

Sorry, not native. Dirt is very definitive I suppose, so I replace 'dirt' with 'doubt' 

They keep digging unsuccessfully on Binance, and I for one absolutely believe they are doing fishy things behind the curtain. But so do banks.

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1 hour ago, Caracappa said:

Sorry, not native. Dirt is very definitive I suppose, so I replace 'dirt' with 'doubt' 

They keep digging unsuccessfully on Binance, and I for one absolutely believe they are doing fishy things behind the curtain. But so do banks.

Ah thanks for clarifying.   I too think they are not saints….  just like the banks.  :) 

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