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A crypto exchange licence is not a safety rating. It is a statement about which regulator can compel which behaviour, and understanding that distinction changes which risks you are actually carrying. If you are choosing an account now: my referral code is BBBKK at https://www.binance.com/register?ref=BBBKK - roughly 20% off spot trading fees - and the attribution verification at the end is the step that makes it real. Now what the licence does and does not do.
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