Summary
TLDR: Binance took over two years to realize they can’t negotiate special treatment and expose the country’s financial system to vulnerabilities.
Key Points
1. Binance took more than two years to realize that there is no room for negotiations in terms of special treatment in the financial system.
2. No global powerhouse can command special treatment at the expense of exposing a country’s financial system to vulnerabilities.
3. The report emphasized the importance of equal treatment and transparency in the financial system to prevent potential vulnerabilities.