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RE: Binance Moving to Malta - Island Nation Known for Tax Evasion and Money Laundering
An interesting turn of events and well explained here. It's a bit unsettling with even the best of exchanges between the hacks/constant threats of hacks, looming regulations and licensing issues and the general looseness characteristic of crypo based companies. I trust Binance for the most part, but even they leave things to be desired...
The worst thing an exchange can do if centralized is to try to avoid regulations. All centralized exchanges should embrace regulators or who the hell needs them? If they aren't trying to be regulated then the offer the user no advantage over a decentralized exchange.
I agree but also disagree. So the absolutely agree they should be regulated.
But a broker's whole point of existence is to offer liquidity to the markets they serve, and Binance does that job as well as or better than most of it's competitors.
It would be great if decentralized exchanges could support all the trading activity, variety of coins / tokens and volume that centralized exchanges do, but they do not and will not for the forseeable future. Not only that, it takes a whole process of reorientation away from the centralized services mindset that we're all mostly entrenched in. That will take years if not a least a decade or longer to get enough people on board in order to decrease such reliance on centralized systems....