Zhao “prioritized Binance’s growth, market share and profits over compliance with” U.S. banking regulations, according to unsealed filings. “Better to ask for forgiveness than permission,” he told his employees, the document said. That mindset pervaded Binance’s operations in what Zhao termed the U.S. “Grey zone.” He saw to it that Binance did not collect “know-your-customer” information on its users because he believed it would inhibit its growth and appeal.
Bitcoin (BTC) Price Is In a ‘Bore to Death’ Phase. When Will the BTC Rally Resume?
The current period resembles the action from April through September of 2023 when bitcoin was stuck in the $25,000-$30,000 range...