Binance Block by Europe Sets Off Global Restriction Chain Reaction

Crypto commentator Tony Katz warns that Europe's move to block Binance may trigger a global domino effect, leading to other nations following suit and restricting access to the exchange.

According to Katz, this could see Binance relegated to a lower position among global cryptocurrency exchanges, comparable to Poloniex and Bitfinex. Earlier in the year, Katz noted that over 244 MiCA-licensed crypto platforms were operating in Europe.

Katz also predicted that the industry would likely see fewer scam projects compared to the 2021 bull market.