According to reports, local Chinese users have not been able to access the Binance website since yesterday. The website is said to have been blocked by a Chinese firewall. this surely would affect Chinese traders if there not be any alternation to solve it.
Recently there was a major news article where the Binance exchange platform was banned in the united kingdom, with the reason being that the exchange site did not abide by some of their regulations. This resulted in there being some banks in the country as well that banned transactions with binance making it very difficult for people to purchase and withdraw their crypto via the platform. However it seems that this has been cleared up, as a recent article that was just released is showing that binance has received approval by the regulatory board in UK in order to once again begin its operation. This is a good thing as it will surely allow for them to retain bulk of their customers. A delay in this process is likely to have caused their crypto customers to venture into other platforms. What are your thoughts on this?