Binance is now legal in several countries.

Greetings to all my dear readers and followers of this valuable community, continuing with my publications today I will share with you all a very relevant news and that is that Binance is already legal in several countries, but in order to achieve this it had to yield before the laws that regulate this type of Exchange in the countries where its operations are already formally legal.

Binance has taken the decision to yield before the regulatory norms of several countries with the firm objective of being able to carry out its operations without any type of problems, this without a doubt is a great advance for this company but from the point of view of many users it may not be and the fact that the operations are centralized makes that the governmental entities have access to the operations that the users carry out in this important Exchange, to my very personal way of seeing things all this can generate some inconveniences especially in countries where the taxes for enrichment are very expensive.

We all know that Binance is the largest exchange with the largest number of cryptocurrency operations in the market, based on this premise the number of users in the world who have an account in Binance is quite high, this makes this exchange to yield to some regulations of countries such as Bahrain who has decided through its central bank to authorize the operations in a legal way of this exchange. For its part, Binance in a statement said that its interest is to reach as many users as possible and for this they are entering into the regulatory measures of several countries to achieve this goal.

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Bahrain is the first cryptocurrency regulatory country in the Middle East and North Africa and is now the first country in this area to grant a cryptocurrency operations approval to Binance, although this authorization is in its initial phase, it still needs to cover or reach other phases to be complete. Another country to which Binance decided to give in to its regulations was Canada. Here Binance registered its company to be able to handle digital assets, money transfers and currency exchange in addition to being able to operate as a money services company.

Undoubtedly Binance continues to strengthen its dominance as the number one exchange in the cryptocurrency market in all countries of the world, although it is also true that by giving in to the regulatory laws of some countries that require it to operate legally, it may lose some number of users who use this platform to safeguard their investments and income without the need to be accountable to any financial institution in the country where it is located.