Is Binance crypto’s new kid? Regulators in the United States, the United Kingdom, Canada, Japan, Thailand and the Cayman Islands have all recently issued warnings and even criminal complaints against cryptocurrency exchange. As well Poland got into a fight as its financial regulator warned citizens to exercise special “caution” when using Binance’s marketing services.
Some have opined that the company will only be blamed for this recent regulatory heat wave, but others fear that the exchange will be held as scapegoat for the entire crypto sector – which has grown too big too soon in the eyes of some authorities. Elsewhere, Binance CEO Changpeng Zhao, known as CZ, he felt obliged to deal with it the “recent hyper-focus on regulation when it comes to Binance” in a public letter.
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