Tag: Avoid

  • Why It Might Be Too Late for Binance to Avoid Regulatory Action

    Why It Might Be Too Late for Binance to Avoid Regulatory Action

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    Christine Parker, partner at Reed Smith, summarizes the slew of regulatory headlines facing Binance and how such scrutiny may affect the exchange going forward. Show highlights:

    • which countries are investigating Binance
    • why it has been difficult for governing bodies to regulate Binance
    • whether the reports that regulatory bodies, like the CFTC/IRS/DOJ, coming after Binance are correct
    • when Christine expects regulators to make a move against Binance
    • how hiring ex-regulators might help Binance in Congress
    • whether Binance’s strategy of leaving countries with tight regulations helped or hurt the exchange
    • what Christine thinks of Binance’s strategy to localize its business model 
    • whether or not it is too late to avoid regulatory penalties for Binance
    • why transitioning to a DAO business model would not absolve Binance of prior infractions
    • how the BitMEX situation could inform Binance
    • whether criminal charges could be in Binance CEO Changpeng Zhao’s future

    Thank you to our sponsors!

    Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021 

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    Episode Links

    Christine Parker: https://www.linkedin.com/in/christine-parker-b09a31/

    Binance Investigations

    Binance Material

    • CZ letter
    • CZ Unchained appearance
    • Binance’s compliance hiring spree



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