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They are banned mainly because they like to skirt KYC and similar regulations. It doesn't mean their financial engineering is poor. Those two issues are completely orthogonal.


Binance KYC's process is a joke. I've been using them for years, suddenly they needed more KYC and their automated process failed me more than 4 times in couple of months.

Glad they failed me though, life turned out pretty great without me gambling on meme coins.




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