
Bitcoin, Binance, and The Banking Crisis w/ Dylan LeClair
Bitcoin Magazine Podcast
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Binance's Automatic Locking Function
Binance was like kind of an exchange, a place where you could withdraw your Bitcoin on chain from outside of US jurisdiction. Up until now, the US can't really tell them you can't allow withdrawals on chain. But if they go after them and they shut them down and they go after some of these other exchanges that fall outside of or what we think fall outside of US jurisdicton then those regulators all at once can say, no more withdrawing your Bitcoin onChain. No more quote unquote unhosted wallets. I mean, the capital controls on Bitcoin could come very quickly.
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