You subconsciously believe that Chinese people have a significant inherent flaw, that China is not as good as other ethnic groups. With so many countries in the world embracing virtual currency, why is it that in China it has become a disaster? Just like telecom fraud, in other countries people still use anonymous phone numbers, whereas in China it seems the entire population has become victims of scams (has anyone not received a scam call?). This cannot be solely attributed to ordinary citizens. The same goes for virtual currency; while it cannot completely eliminate individuals from being scammed on Binance, if everyone is being scammed, then it is not just a matter of individual (the overall quality of the populace).