Binance CEO Revealed XRP Is The Next Bitcoin

binance just said this about ripple xrp  and crypto why XP will hit 10 soon  popular crypto tracking bot whale alert  has published a tweet with details of a  recently made transfer worth 84.3  million up the transfer was made  slightly over three hours ago it carries  the xrp equivalent of forty-nine million  two hundred thirty-eight thousand five  hundred sixty-six dollars according to  analytics data shared by whale alert  approximately three hours ago a whopping  84 million 346  6555 xrp were transferred to the Binance  exchange details show that the  transaction was made by bit trading  platform,

 now let's get back to the topic  of finance getting in hot water with  regulators in various countries the  world's largest crypto exchange  spearheaded by Chongqing Zhao aka CZ has  been in the crosshairs of financial  regulators in various countries   including the UK malta and Italy followed  by hong kong regulators in those  countries have stated that binance group  is not authorized to operate there last  week Binance also announced that it  intends to cease trading tokenized  stocks as it intends to move on to other  projects, in reality, this case is again  related to regulators in Germany and  Italy,

 and according to Chinese  cryptocurrency journalist colin wu in  hong kong japan's top financial market  regulator the financial services agency  FSA issued a warning against binance as  the cryptocurrency exchange continues to  offer services in that country without  authorization the warning was issued on  Friday said that finance has been  providing crypto exchange services in  the country without registering with the  FSA for binance too this is the second  warning by the Japanese financial market  regulator the crypto exchange giant  received its first FSA warning in march  2018 when the regulator warned that the  exchange would face criminal charges,

 if  it continues to operate without a  license that forced Binance to move its  headquarters out of japan to malta Japan  was one of the early jurisdictions to  impose mandatory registration of  cryptocurrency exchanges and the coin  check hack in early 2018 has pushed the  FSA to implement those rules with a firm  hand after its exit from japan finance  tried to enter into a partnership deal  with local exchange tau tao but those  talks fell apart though binance did not  publicly respond to the latest FSA  warning the exchange's Japanese website  is accessible even from IP addresses  originating in japan as well as the new  user registration page  finance has turned into a major crypto  exchange with operations around the  world,

 it has aggressively expanded its services over the years and now has a  business presence from spot to derivatives trading and from crypto mining to lending meanwhile, the crypto exchange is facing probes by European regulators for offering stock tokens trading and by the u.s regulator for accepting clients for derivatives trading however binance always maintained its position of being a  compliant company in all jurisdictions Bloomberg has previously reported finance is also under investigation by the u.s justice department and internal revenue service irs Zhao made no reference to that but said binance works with law enforcement agencies such as the IRS and has so far completed assisting 5600 investigation requests globally this year already double the amount from 2020.  our vision is to increase freedom and  inclusion for a better human society,

 Zhao wrote we humbly welcome more  capable talents and experienced advisors  to join us to build better offering  cryptocurrency is not illegal when the  purpose is to provide a digital currency  for trading but per the securities act  of 1933 any offer that involves funds  being raised for a company must be  registered as security so will  coinbase us in binance u.s resume the  xrp trading soon  ripple is in a good position to win the  sec lawsuit although many commentators  believe ripple's defense that CRP is not  a security is a stronger argument the  potential implications of a court ruling  on ripple's fair notice defense are more  far-reaching,

 if ripple wins on that  issue that ruling will create a  precedent that will make it extremely  difficult or perhaps impossible for the  sec to pursue similar actions against  other cryptocurrencies and similar  blockchain-based tokens if ripple's win  comes from an appellate court the  presidential value would be even  stronger cup holders are waiting for the  good news from sec lawsuit as a ripple is  in a strong position to win  after ripple victory binance us in  coinbase we will resume the trading of  xrp and it will help xrp to have another  bull run which might end up xrp hitting  10  despite,

 its issues with the sec xrp's  price have more than doubled from around  0.50 dollars to over 1.50  at the moment all indications point to  further growth in the market this is a  good reason to invest in xrp with a  long-term view can xrp reach 10 soon  XP is one of the active crypto assets  that continues to maintain its uptrend  position,

 if this bullish trend continues  xrp might be able to break from 4.67  and go all the way to 10  of course this is very likely to happen  if the bullish market continues to favor  the crypto, in the end, we would like to  mention that this is not a channel  intended specifically to provide  financial advice and we do not ask you  to invest in any company this is merely  a channel directed towards bringing  educational content to your doorsteps  with that in mind before you invest in  anything we recommend you do thorough  wide-spectrum research on the topic well  that's it for today's article guys and  make sure to subscribe and give us a  thumbs up see you next time