Bitcoin Price Drop: Every Regulator Is Coming For Binance Head

If you are wondering why the price of bitcoin is dropping suddenly after the world rejoiced that the price got to $40,000 this week, you should know it’s partly because of Binance.

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This year has been rough for the crypto exchange as a lot of regulators have literally been shooting the company in the head, we are talking about from one country shut down to another. Just today, the Malaysia Securities commission has given orders regarding enforcement actions against the crypto exchange for allegedly operating in their environment illegally. They claim the crypto exchange hasn’t registered with the necessary authorities thereby operating illegally.
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Binance just announced it will be shutting down its derivatives and futures products across European countries. This shit down will be in European countries like Germany, Netherlands, and Italy. If you are wondering, that’s the reason the bitcoin price just went down. This is another FUD.
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