Re:Binance exits Netherlands and faces France probe
by JumpCrisscross on Sunday June 18, 2023 @11:21AM
(#36381076)
> as soon as crypto is big enough to threaten countries control over money
There is no evidence crypto has threatened any country’s control over its money, let alone a developed country’s. And to the degree it might have, that influence is certainly lower today than it was two years ago.
Binance is targeted by existing laws against money laundry, bank license etc.
TikTok is suggested spying on people.
Why would TikTok matter here at all?
And me and other people said it often enough: as soon as crypto is big enough to threaten countries control over money they will make it illegal and the loudly repeated benefit of uncontrolled money will be gone.
And it was also always clear that crypto is not solving this problem because it's by design and not a problem to solve.