Lately, there’s been a lot of buzz around Binance (one of the biggest crypto exchanges) and its former CEO, CZ. Basically, regulators are paying way more attention to how crypto exchanges are run. That means tougher rules could be coming soon.
So what does that mean for you?
Well, exchanges might have to follow stricter rules—like making sure users prove who they are (that’s called KYC) and checking for things like money laundering (AML). This could make signing up or using some exchanges a bit harder, especially if you're used to it being super easy.
The big fine Binance got, and all the legal drama around CZ, are a big deal. It shows that the crypto world is changing, and fast. So if you're investing, make sure to keep learning and stay in the loop with what’s happening—especially when it comes to rules and regulations.
Crypto is exciting, but it’s not without risks. Stay smart, stay curious.
