Unconfirmed: Why It Might Be Too Late for Binance to Avoid Regulatory Action
Listen now
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  Oasis: https://oasisprotocol.org  NEAR: https://near.org     Episode Links   Christine Parker: https://www.linkedin.com/in/christine-parker-b09a31/   Binance Investigations https://www.coindesk.com/state-of-crypto-binance-is-firmly-in-the-regulatory-crosshairs  https://www.theblockcrypto.com/post/110380/thailand-sec-binance-crypto-exchange-criminal-complaint https://www.theblockcrypto.com/linked/104836/binance-crypto-irs-us-government-investigation-report https://www.theblockcrypto.com/post/110510/barclays-customers-in-the-u-k-can-no-longer-transfer-funds-to-binance https://www.theblockcrypto.com/linked/110617/binance-suspends-deposits-from-key-european-payments-network https://www.theblockcrypto.com/post/111482/italy-binance-consob-warning   Binance Material CZ letter https://www.binance.com/en/blog/421499824684902301/A-Letter-from-Our-CEO-Reflecting-on-Progress-and-the-Road-Ahead CZ Unchained appearance https://unchainedpodcast.com/listen-to-cz-compare-binance-to-bitcoin/  Binance’s compliance hiring spree https://www.radicalcompliance.com/2021/07/08/binance-compliance-hiring-spree/
More Episodes
Nik De, managing editor for global policy and regulation at CoinDesk, stops by Unconfirmed to discuss the current state of crypto regulation, including recent comments by SEC Chair Gary Gensler on stablecoins and why Coinbase decided to sideline its Lend product. Highlights: Nik’s biggest...
Published 09/24/21
Rhea Myers, artist, hacker, writer, and senior smart contract developer at Dapper Labs, has been making crypto art before NFTs were a thing. Check out this episode to learn about Rhea’s work as an OG crypto artist, why she believes concerns over NFT energy consumption are overblown, and how NFTs...
Published 09/21/21
Aidan Mott, research analyst at Messari, discusses Solana’s network restart that resulted in the blockchain going dark for 17 hours earlier this week. Show highlights: when Solana validators noticed something was wrong and how they responded what initial dex offering (IDO) caused the network to...
Published 09/17/21