Binance, the largest cryptocurrency market, on the radar of the authorities

in #binance7 years ago

The regulators want to ban their operations in the Asian country.

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as well as intentions on the part of the government to maintain the control of some exchange houses that lately are supposing a headache for the national regulating organs.

A few weeks ago it was CoinCheck who was the center of all eyes as a result of the theft of more than 500 million dollars in virtual currency, assuming a serious blow to another of the major markets of change in the country. The burden now against Binance is causing some consequences that are already noticeable, having decreased the valuation of Bitcoin in the last hours as a result of this, according to several specialized media.

The reality is that it is still unknown if the order to suspend operations to Binance in Japan, a market with great influence on the global future of the cryptocurrency exchange, will end up being effective or not, since the CEO of the platform has warned through Twitter account that they are in talks with the state Agency to reach a solution. For the moment, he says, "there's no reason to worry."

Cryptocurrencies attract attention The strong growth of interest in virtual currencies during the last year has served, in addition to multiplying the attacks and theft of them by cybercriminals, to highlight the enormous potential they currently have and what they can assume in the face of future. To many organizations and governments, of course, this is not something that is pleasing to them.

The maximum exponent is the mining of cryptocurrencies, which has managed to hinder the search for extraterrestrial life to end the electrical efficiency of a small city in the United States. It is easy to understand the reasons why virtual currencies are increasingly attracting attention not only from people who want to invest in them, but also from regulators. The case of Binance, of finally concluding with the cessation of operations in Japan, probably will not be the last one we see.
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