Well, that was one of the reason the Netherlands fined Binance just recently. Their main claim was what we already discussed last year, about how they believe Binance is operating illegally in the country.

So, the DNB (Dutch National Bank) cites the "Money Laundering and Terrorist Financing (Prevention) Act" which Binance disregarded and thus fined Binance 3.3 million Euros because it was easier for criminals and terrorists to circumvent the watchful eye of the law due to Binance's presence and services. Ahhhh yes the good ol' "we have to kill your privacy and freedoms in order to fight terrorism" line which always demands more suffocating totalitarian laws. To clarify the mind boggling insanity of the situation, in 2013- to 2018 the Netherlands among many European nations decided to start a proxy war against the religious free Syrian Arab Republic. They did this of course by using the most effective tools within their reach, which in this region are of course radical Sharia law implementing fundamentalists better known as 'terrorists'. For the Netherlands this was the Levant Front, also known as the Sham Front but better known as Jabhat al-Shamiyah, which is apart of the so called "Free Syrian Army". Pay close attention to the last sentence in the link about the "legal complications" this will bring about because it would open a can of worms in which the government would be exposed as well, which is most likely the reason why he is probably walking free as you read this. "Nah, that can't happen, the government protects us from terrorists, they wouldn't let him go free". Oh, too conspiracy-ish for you? In Sweden this already led to an actual acquittance. But if you thought that was shocking, try to wrap your head around the fact that this one happened not due to Sweden's own involvement in supporting these terrorist groups, but because of the involvement of the English government.🤨

Oh but it gets even better though, remember that part about how it was not only Jabhat al-Shamiyah but "of the other 22 that the Netherlands supported also had cooperated with extremists and had human rights violations against them." in the linked article? In an unprecedented and historic low point for both the nation's democracy and rule of law, in late 2020 the Dutch government and acting PM directly intervened and blocked an investigation into what exactly the scope and details were of the government's terrorist support operations in Syria. Nevertheless in that very same year, The Hague started making noise about "unregulated and illegal" crypto firms operating in their country which are now being fined under their 2020 introduced "terrorism financing" laws. Yes, all this actually happened mes amis. Aren't we lucky that they are killing our privacy and attacking cryptos for the sake of "fighting terrorism"?🤡

Needless to say they failed and I for one am glad they did. There are still some areas occupied by these radicals, but most cities and wider regions in Syria are starting to look the way they did before the so called "democracy revolution".

But I digress, this is mostly about Binance and how this 3 million Euro fine handed out to them raises two important questions. One of which we sort of already answered in last year's article. There are numerous crypto CEXes operating in the Netherlands and allowing Dutch Euros to be traded for crypto on their sites. So why Binance? Because though Binance is definitely not the only one who is doing so, but simply the largest one and is thus attracting attention of the leeches who want a piece of the Crypto pie under the pretext of "terrorism, drugs money, laundering" claims. But the other question is where things can get tricky for CZ. If they decide to pay the 3 million Euros to just get it over with, what's to stop every other Euro nation who had citizens trade on Binance from start fining Binance as well? That's a lot of 3 millions to hand out there CZ.💸 This brings me back to an earlier dilemma I once asked myself regarding Binance. Has their success drawn too much attention? Is all this happening because Binance has grown too big? No, I don't think so, if it were ten smaller CEXes instead of one Binance, I believe these governments would be acting the exact same way, it would just be a lot more work for them and the ten CEXes would most likely have joined forces and maybe even shared the burden and costs. This isn't about Binance in itself, neither is this about Bitcoin or "terrorism"or "climate" or whatever bla they'll try to sell us next, this is about their desire for control which crypto and especially Bitcoin is taking away from them, which is why they want to control our access to it, end of story. Cause if you think about it, that's all CEXes are, our mainstream access point to crypto. Jeez, come to think of it, they even tried their best to control and close down our mico-level access points to Bitcoin back in the day:

They failed back then, they will fail again now. Word of advice if it actually does come down to a doomsday-like scenario and they jump in with their laws and "criminalize" exchanges and Bitcoin, don't focus on the price (which will undoubtedly get huge setbacks), but focus on the fact we can still send Bitcoin around the world and they can not stop us.

Viva La Bitcoin Revolucion!