Maxicreed
Active member
At a time where most top exchanges are inclined to complying with regulatory bodies to ensure users assets safety, Bingx decided to attract the attention of SEC and DOJ
cointelegraph.com
Their decision may not only threaten the safety of users assets but the timing has raised concern of encouraging illegal activities cos their support for 24hrs 50k usdt withdrawal without KYC is a huge red flag particularly in this period.
Crypto industry is meant to be devoid of regulation but the industry has evolved and the recent synergy with government may not only encouraged adoption as we could see from the impact BTC spot etf but would bring more sanity to the industry.
BingX exchange openly supports Iranian users, defying sanctions
BingX exchange allows Iranian users to bypass sanctions, offering direct swaps of Iranian rial to crypto assets. Learn how BingX defies OFAC rules and sanctions regulations
cointelegraph.com
Their decision may not only threaten the safety of users assets but the timing has raised concern of encouraging illegal activities cos their support for 24hrs 50k usdt withdrawal without KYC is a huge red flag particularly in this period.
Crypto industry is meant to be devoid of regulation but the industry has evolved and the recent synergy with government may not only encouraged adoption as we could see from the impact BTC spot etf but would bring more sanity to the industry.
