Why Binance is restricted?

Could you please elaborate on why Binance, a leading cryptocurrency exchange, has faced restrictions in certain jurisdictions? Are these restrictions primarily due to regulatory concerns, such as a lack of proper licensing or compliance with local laws? Or are there other factors at play, such as concerns over money laundering or terrorist financing? Additionally, how has Binance responded to these restrictions, and what measures have they taken to ensure they operate in a compliant and responsible manner? Understanding the reasons behind these restrictions is crucial for investors and users of the platform.