Star_OKX (@star_okx) “What a huge loss? A loss for whom—European regulators or the people of Europe? W” — TopicDigg
Star_OKX
@star_okx
Founder & CEO of OKX (since 2013). Crypto will eat the world. Self-custody is the future. Everything will be onchain. Tweets not financial advice.
加入 January 2015
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What a huge loss? A loss for whom—European regulators or the people of Europe? What exactly did Europeans lose? Another October 11?
According to public reports, the company failed to demonstrate that its AML, sanctions compliance, and market integrity programs are effective, and did not obtain a license. Yet instead of reflecting on those issues, it claims that Europe is the loser.
That says a great deal about the company’s attitude toward the rule of law and financial regulation.
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🔥CZ: BINANCE’S EU MICA FAILURE IS A “LOSS FOR EUROPE”
CZ claims Binance was once told by EU regulators that its MiCA application was "fully compliant" and close to approval.
He says two EU countries wanted Binance badly enough that there was a “bidding war” over where the exchange would be licensed.
However, “other forces” pushed back, forcing Binance to withdraw.
“It’s a loss for Binance. It’s also a loss for Europe.”
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