Do you trade on the Binance cryptocurrency exchange? Perhaps today it is the TOP-1 platform in the world, but about a year ago the crypto exchange began to have serious problems with regulators, which it cannot solve yet.The authorities of the UK, Canada, Japan, Italy, Malta and other countries want to see a Binance license, which, as it turned out, does not exist. And banks and payment networks block sending fiat to the exchange.The platform itself imposed restrictions on trading bitcoin and other cryptocurrencies, also significantly lowered the withdrawal limits, and talks began about Changpeng Zhao's replacement as CEO.RegulatorsBinance is a TOP-1 cryptocurrency exchange. They have the most traffic, the highest trading volumes, their token is in the TOP 4 best cryptocurrencies with a capitalization of more than $50 billion and they own the most popular cryptocurrency portal CoinMarketCap.It's all really so easy to check, but for all these achievements, we forgot about one important point. And where is the Binance exchange located? We are not the first to ask this question, but so far no one has found an answer to it, they are not in China, Hong Kong, Malta, etc. It seems like the platform actively cooperates with the authorities of various countries, helps them catch scammers, opens fiat gateways for the convenience of citizens. But in which country is their main office?So the regulators asked themselves this question and began vying with each other to warn citizens that, it turns out, there is an exchange in the country and provides services, but at the same time it has never received a license. This story began to gain momentum at the end of last month, when the Japanese regulator issued Binance a warning for working in the country without a license, which they were required to obtain back in 2018. To which the representatives of the exchange threw up their hands, saying that we do not work in Japan at all, why do we need a license.Further, the Canadian province of Ontario announced the impossibility of continuing the work of Binance in the region due to the lack of an appropriate license. Here the platform did not answer anything, just stopped working and asked customers to withdraw funds.Then there were claims in the UK, they banned the work of a subsidiary of Binance Markets Limited and under this pretext pointed out the need for the site to completely cease operations in the United Kingdom. The exchange withstood the blow and decided not to leave the country, stating that the ban concerns only one division that does not provide services through their main website.But the banks sided with the authorities. So, Barclays banned its customers from sending money to the exchange:Then there was a ban from another major bank Santander, no payments on Binance. Then the Clear Junction payment system and another large NatWest bank joined the restrictions. It is also known that several cryptocurrency funds have decided not to work with Binance anymore, because regulators are increasingly complaining about the exchange. And in fairness, it should be noted that such payment giants as Visa and Mastercard have stated that they work with the exchange and they have no problems.But not only Japan, the UK and Canada are unhappy with Binance's actions. The authorities of Thailand, the Cayman Islands, Poland, Italy, Hong Kong and Malta warned about the risks of working on the stock exchange. In the latter country, the site was sued in general, because they promised to pay donations to the cancer foundation, but since the case with obtaining a license stalled, they did not pay anything, moreover, they intend to withdraw assets outside Malta.All of the above happened within one month.Read more: Binance: history, features, coins and verificationStock marketWe are not going to say that everything is a scam, tomorrow it will collapse and urgently save your money. No, as it seems to us, this is more a planned attack by regulators in order to take control of all crypto exchanges. If you force the leading platform to cooperate, then the rest will not even make a peep.Another large and relatively young FTX crypto exchange bought its shares from Binance under the pretext of business necessity. And the Gemini platform generally stated that in the future they will become the market leader. That is, colleagues in the shop are not in a hurry to support Binance, on the contrary, they will try to benefit from it.Now about the exchange itself, they started cheerfully, and made a statement about how they intend to solve the issue. There are three main points there. The first is an increase in compliance staff by 500%, probably so that illegal money does not get to the site. Next comes the introduction of hardware solutions that are recommended by the international organization for combating money laundering. And the third key point is action within the legislative framework of specific countries. Why then these countries declare the absence of a work permit is unclear, perhaps the exchange has now decided to address this issue.Due to so-called unforeseen circumstances, the acceptance of payments in euros through the SEPA payment network was stopped. It is noteworthy that this is already the decision of the exchange itself, for some unknown reason they decided to close this financial channel.The next solution is a complete rejection of trading in tokenized shares. Clients were given 90 days to sell assets. As the representatives of the exchange explained, no one forced them to do it, they just decided to develop their business in a different direction. Although if you dig into recent history, back in early May, the German financial regulator issued Binance a warning for tokenized shares. Interestingly, other exchanges, with the same partners, continue to trade tokenized shares and no one has any questions for them.Then we get to an extremely interesting statement from the head of Binance, Changpeng Zhao, that he is looking for a successor and is ready to give up the post of CEO to someone who can solve problems with regulators. It's a noble thing, but why immediately take and leave the post of general, you can give such a superman just a place of some deputy director. If you build a conspiracy theory, an idea comes to mind, maybe Changpeng Zhao is looking for a way to retire, supposedly he has nothing to do with in case of even bigger problems. He also talked about plans to conduct an IPO of the American division of Binance.Such legalization can remove many regulatory issues. But it still needs to be passed, and so far, apart from words, we have not heard about any actions in this direction.Read more: Mining on the phone: is it really possible to mine cryptocurrency like thisIs it time to go out?Do I need to get rid of Binance? See for yourself, first the leverage was lowered from 100 to 20.Margin trading is a risky business, but nevertheless, many appreciated the exchange precisely for this opportunity.The next step is to reduce the withdrawal limit without verification from 2 to 0.06 BTC per day.For new users, this rule begins to take effect right now, and for experienced traders it will be introduced gradually. Here it should be clarified that there is no mandatory verification on the exchange, you can create an account by simply specifying an email address. But then you will be limited in withdrawal limits and now they have actually been cut three times. But if you want to be able to withdraw up to 100 bitcoins every day, then send photos, shoot videos, confirm income and other delights of verification.And the third important news is that now all Binance users can pay taxes and sleep peacefully. An application has been launched on the site that will help a trader calculate the amount of tax deductions depending on his activity on the stock exchange, success in trading and legislation in the country of residence.If the exchange was able to launch such a tool, then it probably knows how to collect all the data about its customers and, if necessary, send them immediately to the tax service. In addition, in light of recent events, Binance is clearly ready to do anything to resolve problems with the authorities.Read more: Risks and benefits of investing in cryptocurrencyBinance scamIn total, we have no direct evidence that the exchange is being scammed. But the events around her are unfolding rapidly, and many have a double meaning, which arouses suspicion.