#BinanceTurns8Binance

#CuriosidadesyPropositosdelascryptos

History has shown us that achieving the impossible is not always the easiest...

And our favorite launcher has also faced difficulties throughout its existence; without them, we might not be here celebrating its anniversary.

So here is a list of the obstacles it has faced and overcome.

⚖️ Regulatory Issues (2021–2023)

Various regulatory authorities, such as those in the U.S., U.K., Japan, Germany, and Canada, began to investigate or restrict Binance for operating without licenses.

In 2021, several countries issued warnings or bans on its operations.

Binance promised to become a regulated entity, implementing KYC (know your customer) procedures and hiring former regulators.

💥 Lawsuits and Fines (2023)

In 2023, Binance faced significant lawsuits from:

CFTC (U.S. Commodity Futures Trading Commission)

SEC (U.S. Securities and Exchange Commission)

Accusations included:

Operating without a license.

Mixing customer funds.

Offering unregistered securities.

In November 2023, Binance agreed to pay over 4 billion dollars in fines in the U.S. as part of a settlement.

Changpeng Zhao (CZ) resigned as CEO and pleaded guilty to regulatory violations, facing prison time.

This ending leaves us as...

Surprised, right?

It even leaves many questions about...

-Did its creator sacrifice himself to keep the platform standing and was a hero?

Or...

-Did he perhaps have enough of all the accusations and legal troubles, knowing he could no longer generate personal profit, and thus decided to plead guilty, becoming the villain...

What do you think about this?

I read your comments...