End of an era? Binance’s CZ to possibly step down amidst regulatory tensions

As one of the top cryptocurrency exchanges continues adapting to the regulatory landscape by tailoring its services and enforcing tougher know-your-customer policies (KYC), Binance’s founder and CEO Changpeng Zhao told Reuters he is prepared to step down and pass control to a leader with a robust set of skills, better fitting the current climate.
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Binance limits daily withdrawals to $2,000 for basic accounts amid regulatory woes

Major cryptocurrency exchange Binance today announced that users who passed only “Basic” verification soon won’t be able to withdraw more than 0.06 Bitcoin (roughly $2,000) worth of funds per day—down from the previous limit of 2 BTC (around $80,000 currently).
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Gone are the 100x BitMEX days: FTX, Binance to restrict leverage to ’20x’

In a recent effort towards protecting their users from incurring more losses, two leading crypto exchanges, FTX and Binance have announced that their users will no longer have access to leverage their trades by up to 100 times again.
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