Why It Might Be Too Late for Binance to Avoid Regulatory Action

Christine Parker, partner at Reed Smith, summarizes the slew of regulatory headlines facing Binance and how such scrutiny may affect the exchange going forward. Show highlights:

which countries are investigating Binance
why it has been difficult for governing bodies to regulate Binance
whether the reports that regulatory bodies, like the CFTC/IRS/DOJ, coming after Binance are correct
when Christine expects regulators to make a move against Binance
how hiring ex-regulators might help Binance in Congress
whether Binance’s strategy of leaving countries with tight regulations helped or hurt the exchange
what Christine thinks of Binance’s strategy to localize its business model
whether or not it is too late to avoid regulatory penalties for Binance
why transitioning to a DAO business model would not absolve Binance of prior infractions
how the BitMEX situation could inform Binance
whether criminal charges could be in Binance CEO Changpeng Zhao’s future