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Binance Smart Chain + Ecosystem / Re: Binance Limits Services to Russian Users
« on: May 09, 2024, 08:57:03 PM »It is certain that everyone has the same rights to use Binance, such as you for trading, and maybe others use Binance for exchange and everything can be done as long as Binance does not prohibit it. If there is abuse that is not in accordance with Binance rules, and they know about it, they will certainly be subject to sanctions and blocking, but of course, it is not easy to determine if the abuse is carried out by anyone who does it, for example money laundering, it can be discovered by Binance itself.
If Binance suspected something about a user, the first thing it would do at that point would be to block the user's account. And depending on how the case unfolded, Binance would report and collaborate with authorities, tracking where the funds came from and sharing the user's private data. But that in most cases would be a waste of time and resources, since if someone wanted to perform those types of acts they would not use a centralized exchange, and even if someone did, those coins would probably have already gone through several mixers before reaching Binance. Therefore, drawing a tracking line would be a waste of time.