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Binance Smart Chain + Ecosystem / Re: Binance Limits Services to Russian Users
« on: May 01, 2024, 08:40:39 PM »There are always certain criteria and Binance must have reasons and can prevent it from being able to carry out transactions in its place. It is clear that those who trade there are, of course, with good intentions, although there are quite a few who misuse it, but it is certain that many more are for good purposes. Of course, there will be mechanisms that can be implemented by Binance for abuse that deviates from the rules made by Binance.
I don't think there are many people who actually use Binance to launder money. At the same time that Binance detects the slightest suspicion of any illegal act, that user's account is immediately blocked and the entire transaction history along with the user's data would be immediately sent to the police or appropriate department.
I don't think anyone (unless they make a mistake) would be stupid enough to use a centralized exchange like Binance (or any other high-volume exchange) to commit criminal acts. Normally the people who do these things use other means for these acts, not exchanges that have exhaustive control and that can reveal their identity in a short time.