FOUR reasons why Binance Chain (BNB) will CRASH next

What Is Binance Coin (BNB)? Binance Coin is the cryptocurrency issued by Binance exchange and trades with the BNB symbol. As of Q2 2022, Binance Exchange is the largest cryptocurrency exchange in the world, with a volume of $7.6 billion.

BNB, the native token of Binance’s BNB Chain, which is banned in UK:

FOUR reasons why Binance Chain (BNB) will CRASH nextBNB Chart / Photo: Twitter

1. The FCA had ordered Binance to stop all UK regulated activity last June over worries about weak consumer protections

...amid a wider crackdown on the cryptocurrency industry's potential role in fraud and money laundering.

Britain’s Financial Conduct Authority said that Binance Markets Limited “is not permitted to undertake any regulated activity in the U.K.”

2. US investigation for laundering for "Iran"

Professor of Economics Nouriel Roubini claims that "CZ is a ticking time bomb and Binance is being looked into by the US Justice Department for allegedly laundering $8 billion."

3. Binance could not get approval from Singapore

4. Binance under Dems investigation regarding FTX collapse

If SBF is prosecuted in the US he will likely flip and provide incriminating information on Binance to the authorities in order to receive a lesser sentence. This information has the potential to demolish what remains of the crypto industry. Hold on tight.

Where there's smoke there's fire.

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