Essay | The End of Crypto's Dream to Escape From Government
Binance, the world's largest cryptocurrency exchange, pleaded guilty to breaking U.S. anti-money-laundering laws and will pay $4.3 billion in penalties.
The agreement between Binance and U.S. authorities marks a watershed moment for crypto's compliance with American law.
The centralized nature of cryptocurrency exchanges like Binance and Coinbase allows the government to extend its reach into the crypto economy. [ more ]