If you like doing crypto trading, you must be very familiar with Binance. Binance is the largest cryptocurrency exchange platform in the world today. Not only that, Binance also has their own cryptocurrency, Binance coin (BNB).
Binance History
Binance was founded in 2017 by Changpeng Zhao, and at that time was based in China. However, following cryptocurrency regulation in China, Binance moved its headquarters to the Cayman Islands, which is a British overseas territory.
It's not just the basecamp that's changed. When it was founded, Binance used the Ethereum token ERC-20 blockchain platform. In 2020 Binance launched the Binance Smart Chain.
The chairman of the OJK SWI said that using Binance even though it doesn't have a license in Indonesia is dangerous. Because Bitnance is not yet supervised by CoFTRA, data such as business activities, flow of funds, and user protection will be difficult to enforce if there is a problem.
