Binance and the threat of liquidation

At the heart of the technological fray, cryptocurrency giants weave their web. Binance, one of these titans, faces a major challenge: the burning issue of liquidating its US operations.

The final straw: the liquidation of Binance. U.S

With the dollar shortage, the shadow of liquidation looms over Binance.US. The initial impetus came from Changpeng “CZ” Zhao himself, Binance’s founder, in a bid to protect the company as a whole.

According to The Information, the board of directors encountered difficulties in reaching a consensus on this radical decision. This underlines the existence of significant internal tensions.

Under the watchful eye of regulators, Binance faces accusations of operating as an unregistered stock exchange. In response, the company maintains a strategic silence, refraining from comment, but this reticence fuels an atmosphere already fraught with speculation.

Their challenge is to navigate this regulatory storm while continuing to offer services to their customers.

A ray of hope: a license in Dubai

Despite the regulatory storm in the USA, Binance has not lost sight of its global ambitions. The company has just obtained a license to operate in Dubai, a notable feat that makes it the first exchange to obtain an MVP license from the Virtual Assets Regulatory Authority (VARA). This means that users can now access authorized services, a major development in Binance’s history.

Binance is just one step away from the final stage of this licensing process. The Full Market Product (FMP) license remains to be obtained, a step that requires a full demonstration of compliance with current regulatory rules.

While the threat of liquidation hangs over Binance in the United States, the company continues to forge ahead on a global scale. The recent acquisition of the Dubai license offsets the US uncertainty, but also raises new questions. How will Binance manage to juggle these contradictory realities? Only time will tell. For now, the crypto exchange giant continues to chart its course, demonstrating impressive resilience in the face of regulatory challenges.