The article doesn't come out and say it, but what they really want is for Binance to "de-risk." This could mean any or all of the following:
- Banning users from 2nd and 3rd world countries ("high risk jurisdictions")
- Banning VPN/Tor users
- Banning users with funds associated with gambling, darknet markets, or anything the FATF complains about
- Implementing opaque procedures to "deter criminals"
-> Holding funds hostage until adequate "source of funds" is provided
-> Note that even if source of funds is proven they will still cut off communication in about a third of cases for no reason whatsoever
-> Randomly requiring reverification (of course with selfies and maybe even over Zoom)
- Banning users from 2nd and 3rd world countries ("high risk jurisdictions")
- Banning VPN/Tor users
- Banning users with funds associated with gambling, darknet markets, or anything the FATF complains about
- Implementing opaque procedures to "deter criminals"
- Removing smaller coins