Bye Bye Binance - In bed with regulators

It's been a fun few years, but you're now no longer friendly to the UK, having let the regulators pile in.

First we couldn't send bank transfers, then we could no longer use our credit cards. Now debit cards are falling off a cliff one bank after another. It's clear the regulator is removing all on and off ramps with fiat, which is fine.

Having gone through AML and KYC in the past with Binance, the UK regulators now request everyone in the UK do so again, which means Binance slowly but surely becomes heavily centralised and regulated by stealth to the point of a regular banking account, and will undoubtably continue to do so as governments pile in.

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This is not what crypto is for, or about, so I’m out, although Binance has now removed the ability to delete our accounts, all we can do is disable them, which means no privicy, by stealth.

If you want to have the rug pulled from under you and an exchange which is giving away your data, activity and financial transactions to government entities by stealth, carry on.