Therefore from what is happening in the world Binance if you are still using Binance to do your transaction with crypto to crypto, you have to move all to another exchange or preferable non custodial wallet to save guide your coins. You can click the link above to read more.If you were hodling your coins in Binance, it is pertient to move it into your non-custodial wallet, it is not advisable to keep coins in an exchange for a long time. Binance is having a lot of problems as regards regulatory compliance in many countries, but it is not only Binance, so many other exchanges are facing the same issues.
Therefore from what is happening in the world Binance if you are still using Binance to do your transaction with crypto to crypto, you have to move all to another exchange or preferable non custodial wallet to save guide your coins. You can click the link above to read more.If you were hodling your coins in Binance, it is pertient to move it into your non-custodial wallet, it is not advisable to keep coins in an exchange for a long time. Binance is having a lot of problems as regards regulatory compliance in many countries, but it is not only Binance, so many other exchanges are facing the same issues.
Finally, if you live in a country that has banned Binance, you can either move to another exchange or trade using VPN based on how effective the ban is.
why is this in the Nigerian forum?Nigeria also has similar incident so it is also a warning to those who are still using Binance for their transaction and keeping cryptocurrencies. Binance now is having problems across the globe and that is a bad signal to the company.
is binance allowing users to use VPN?Exactly the way things are going now it is not really good to use exchange to keep coins for even one week. But you can use it to buy and sell instant and sell it to the non custodial wallet or sell it off instant to avoid their dramas.
because if this is the case, i wouldn't have to register to some other exchanges and then submit documents again. as for now i am registering to another but haven't yet verified my account.
from what i see, something big will happen soon especially BTC dump and then exchanges will all together exchanges be banned on many countries. this is not going to be good.
is binance allowing users to use VPN?
because if this is the case, i wouldn't have to register to some other exchanges and then submit documents again. as for now i am registering to another but haven't yet verified my account.
from what i see, something big will happen soon especially BTC dump and then exchanges will all together exchanges be banned on many countries. this is not going to be good.
is binance allowing users to use VPN?
because if this is the case, i wouldn't have to register to some other exchanges and then submit documents again. as for now i am registering to another but haven't yet verified my account.
from what i see, something big will happen soon especially BTC dump and then exchanges will all together exchanges be banned on many countries. this is not going to be good.
Ever since the delisting of NGN, I've never logged into my account again, but still, even if they allow the use of VPN, will it still be worth risking your funds for it? If per-adventure the ban takes place and fg decides to stick their nose in and add Nigeria to the list, I'll simply locate other sites that I can use for my trading rather than risking my funds by using VPN. If anything should happen when using VPN or a second KYC verification was asked, what would happen?
For now I'll just have to sit back along with my popcorn and enjoy the show.
Therefore from what is happening in the world Binance if you are still using Binance to do your transaction with crypto to crypto, you have to move all to another exchange or preferable non custodial wallet to save guide your coins. You can click the link above to read more.The problem will be if Binance is hacked and coins are stolen that is high enough for Binance not to be able to pay back. Aside that, do not worry. If Binance want to leave a country and not provide exchange service to the country's people, the Binance will tell people in the country to withdraw their money and give a deadline.
What is Happening to Binance?
https://www.rappler.com/business/sec-asks-national-telecommunications-commission-block-binance/
This is no longer a News in the local boards both here and Bitcointalk di drift between Nigeria government and her agencies with Binance and her agencies (Securities and Exchange Commission, SEC). And now Philippines SEC has told their Telecommunication Commission to Block everything concerning Binance in the country.
Therefore from what is happening in the world Binance if you are still using Binance to do your transaction with crypto to crypto, you have to move all to another exchange or preferable non custodial wallet to save guide your coins. You can click the link above to read more.
I think Binance just have to do the needful by complying to all the rules of the various nations they find themselves otherwise they would not be happy with what they would encounter in the nearest future. Binance is a world known entity and as such is expected to have made millions of dollars from nations and do not want to comply with them because they have not been approached by them.Exactly and that is only solution for their problem and if not Binance will closed down with people money and will not pay back. Because that I don't advise people to use Binance again. And right now the withdrawal traffic by users of Binance in Philippines is very high because of the announcement of the exchange ban in the country. And I don't know why they were keeping their funds in the Centralized Exchange when they know that exchange is not good to save funds. "not your key not your coins".
For now that is the only solution, because due to all these bans and restrictions, they will be getting negative feedbacks and people will be afraid to put their assets in binance.It is true that currently many are panicking about what response the government has made to Binance, Binance prefers to accept the accusations and leave Nigeria and close all trading access to Nigeria's local currency. Binance is a very large company or platform and it is not good if the government takes action like that, with what this government has done it is very detrimental to its people.
Pertaining the Nigeria case with binance, since one of the binance executive is still remaining in custody, is there any possibility of them accepting the terms and conditions of FG and rectifying the issue?
It is true that currently many are panicking about what response the government has made to Binance, Binance prefers to accept the accusations and leave Nigeria and close all trading access to Nigeria's local currency. Binance is a very large company or platform and it is not good if the government takes action like that, with what this government has done it is very detrimental to its people.I think the government is too aggressive and doesn't want to have a discussion before making a statement, this kind of attitude is very unwise to be called a government. The government should be a bridge between the community and big companies like Binance. If the government before giving this statement could have spoken better and more politely and invited the people in charge of Binance in Nigeria then they wouldn't be like this. If Binance is too disappointed then now the people are the victims.
When we discuss permits to set up an exchange site, Binance must prepare a large amount of money to obtain a trading permit in a country. A government in a certain country might use Binance to get quite a large amount of money, therefore if Binance spends money it is very careful and it is not easy to use the assets owned by Binance.SEC to ban Binance apphttps://www.philstar.com/business/2024/04/09/2346254/sec-ban-binance-app
Philippines SEC e don dey plan to ban di Binance app in the country. Dey told di National Telecommunications Commission (NTC), to remove all di website dey connected to Binance and why are they planning to Block Binance from the country is that dem say Binance been dey operate in different country illegal without license. I think Nigeria also accused them of this kind of allegations before dis whole drama came up. Sometimes when I look at this cases, Binance dey do dem sef. How can they faced the same charges in different countries. And that means it shows that they are not obeying di law of the land prefer to operate illegal way.