Binance Has Become One of the Largest Crypto Exchanges, But Its Rapid Growth Has Led to Confrontation With Regulators. The Okhotnikov Company Analyzed What Happened 

Vladimir Okhotnikov of Floraria company, an author of articles on digital currency and blockchain and a founder of the Okhotnikov analytical platform presented a unique analysis of Binance history in the article telling how Binance and other crypto exchanges will have to adapt to rapidly changing laws.

A key part of analysis is a comparison of the fates of the Knights Templar and the East India Company with the current situation of Binance. Okhotnikov begins with a review of historical examples, including France of the 14th century, Great Britain of the 19th century, and compares them with the current situation on the cryptocurrency market in the USA of the 21st century.

History shows that communities that achieve high levels of power often find themselves in conflict with state power.

This has been repeated for centuries: organizations are tolerated as long as they are useful, but they become targets as soon as their independence begins to threaten the interests of the rulers. A current example of this is the decision of the US District Court in Seattle in February 2024, when Binance was forced to agree to a deal with the US government, including a fine and supervision of its activities for five years.

 Okhotnikov emphasizes that despite different forms of government,

absolute monarchy, constitutional monarchy and democracy, the state always strives to control powerful organizations.

“The history of Binance, like the examples that preceded it, confirms that power acts in the interests of elites, and that the question of control is a priority for the state,” Okhotnikov notes.

Power centralization: research by Vladimir Okhotnikov

The following are Vladimir Okhotnikov’s arguments about authoritarianism. This regime became a characteristic feature of all previous periods. The expert notes that although grouping was initially useful for uniting societies, in modern civilization it poses a problem.

The article states that centralized control often creates elite groups that influence decision making and lead to monopolization. Okhotnikov emphasizes that control or regulation by the state, in his opinion, becomes a tool in the hands of individual elites.

Vladimir Okhotnikov: an instructive chronicle of Binance and Tether cooperation

The analysis unveils the history of Binance, which began with the ICO in 2017. Then the company managed to attract significant investments, which made it possible to create a digital trading platform and successfully carry out marketing.

By 2023, Binance controlled up to 90% of spot transactions with virtual currencies, becoming the center of attention not only of investors, but also of American regulators.

“The largest cryptocurrency company in the world came under the control of the authorities,” Okhotnikov comments. “After the agreement was concluded, Binance quickly regained its position in the market. However, it is a completely different exchange.”

Cooperation with the government is often a necessity for business. Vladimir Okhotnikov develops this topic, looking at the examples of Binance and Tether.

The article will be useful to everyone interested in crypto assets and security in the virtual world and can be one of the sources of information for making decisions in the field of decentralized finance.

About company

Floraria company is an analytical center focusing on IT, crypto and blockchain. Vladimir Okhotnikov of Floraria  is an analyst with many years of experience in the investment sector and crypto business, publicist and entrepreneur. He is an expert and one of the key figures in the virtual currency industry and has been actively involved in research in the field of digital finance for many years. The company under his leadership offers comprehensive services: from in-depth analysis of the cryptocurrency market to the development of strategies and the creation of White Papers. Our expertise will help you effectively advise your clients in the field of blockchain and decentralized finance.

Vladimir Okhotnikov’s Press Center 

https://vladimirokhotnikov.com/

Floralia, LLC

Phone: +7(771)317-20-55

Address: Kazakhstan, 041609, Almaty region,Talgarsky district, Besagasky rural district, Besagash village, Rayymbek Batyr st, 285

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