Is Binance P2P illegal?

Could you please clarify whether the Peer-to-Peer (P2P) trading feature offered by Binance is considered illegal? I understand that the legality of cryptocurrency trading can vary depending on the jurisdiction, but I'm particularly interested in knowing if there are any specific regulations or restrictions that might Render Binance's P2P trading platform unlawful. Additionally, if there are any recent developments or legal challenges that could affect the status of Binance's P2P service, I would appreciate your insights on those as well.