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Stellar article from Patrick McKenzie on Binance through the "Bond villain" lens. He agrees with the other sane analysts I've seen: Binance won't be able to crime anymore, and that was much of their business. https://www.bitsaboutmoney.com/archive/bond-villain-compliance-strategy/
Bits about Money · The Bond villain compliance strategyJurisdictional gamesmanship is a common strategy for crypto businesses. Here is how it worked out for Binance and its CEO. Spoiler: poorly.