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If I were CZ... ( my rant for the day )

Binance

Cryptocoins Exchanges / Binance 265 Views

If I were CZ, this is how would I handle the current situation with all the regulatory flies buzzing round. The UK, Thailand, or Italy and friends none of them can take us down; it's the Yanks that we have to placate. The US could do it at a stroke by confiscating the BUSD account with PAXOS worth nearly 10 billion. I think it unlikely, so I think the Americans will go after Tether first, for doing the exact same thing they do to their own currency (the irony). This will wipe out loads of people trading the Tether pairs. If I was CZ, I would be quietly reducing the available USDT pairs by 10 a day on Binance and incentivising BUSD and USDC pairs and then just drop USDT altogether allowing people to convert to another stable for free for the first 48h and then give the remaining USDT holders 1 week to move them off exchange. I think CZ can play nice to the yanks by being proactive on Tether, paying some fines, dropping some services (like he did today), and the ultimate sweetener quietly handing over all the trading details of all the yanks that ever used Binance.com to the IRS after first forcing registration on all remaining accounts just to weed out any lurking unregistered yanks using VPNs. If any are found just turn their account balances over to their tax agency and let them deal with their own. Making sure the yanks are 100% gone and can never ever come back is the only way to ensure Binance a non-BTC-E future.

submitted by /u/saoirse8
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