Should Binance users be worried over the exchange?
Just two days after the Indian government announced the termination of 9 crypto exchanges in the country including Binance, the Russian users has also be given today (29th Dec) ultimatum to withdraw their assets from the exchange according to the source below
https://www.rbc.ru/crypto/news/658d77a09a7947d1b6022968
Should this call for worries?
No worries cos I wanna believe the crypto industry have evolved not to be impacted with some harsh government decisions but the good news here is that it wasn't all exchanges in the affected 2 countries that are affected. The likes of Bitget still operates in India and Russia and would be a good option cos they are currently ranked top 5 particularly in derivatives
I really gotta commend the exchange you mentioned above, they have really done well in terms of complying with global regulations. They really stepped up for users as a good alternative while other exchanges where exiting due to one regulatory issues or the other.
2023 was too dramatic for Binance and i doubt that their global users are indifferent. I hope they get their game together, going into the bullrun the market is expected to expand and welcome more participants, i reckon other exchange competitors will be happy to service such countries they’ve exited