Question.
What would happen to Binance smart chain or any exchange chains once the regulation happens? Do these exchange based smart chains become transparent to the govt in order to track investors?
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Question.
What would happen to Binance smart chain or any exchange chains once the regulation happens? Do these exchange based smart chains become transparent to the govt in order to track investors?
To start, if the chain is truly decentralized, nobody to regulate. That is not the case with BSC so the compliance might apply. However, that is one a country by country basis.
Binance is already showing itself unwilling to play ball with regulators.
Hive has an advantage, it is truly decentralized in that nobody runs everything.
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Well...Binance will probably slap on a bunch of stuff and I wouldn't be surprised if they enable KYC to anyone using it.
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Yes they have forced KYC and AML compliance on all accounts including the basic one.
https://cointelegraph.com/news/all-binance-users-are-now-subject-to-immediate-kyc-verification