Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Topic started by: Flodner on April 22, 2022, 04:06:59 PM
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Binance announced that Following the EU’s fifth package of restrictive measures against Russia, Binance is required to limit services for Russian nationals or natural persons residing in Russia, or legal entities established in Russia, that have crypto assets exceeding the value of 10,000 EUR.
Below is the information from the press release. And if you don't have a Binance account yet - With this special partner link, you can get -20% trading fees. And, of course, an additional -25% if you use BNB (https://accounts.binance.com/en/register?ref=TI4S3LD5)
Accounts that classify under this restriction will be put into withdrawal-only mode. No deposits or trading will be permitted on these accounts. The limit also covers all spot, futures, custody wallets, and staked and earned deposits. In addition, all deposits to accounts for Russian nationals or natural persons residing in Russia, or legal entities established in Russia with over 10,000 EUR will be restricted.
Accounts for Russian nationals residing outside Russia, as verified with proof of address, and accounts for Russian nationals or natural persons residing in Russia, or legal entities established in Russia, that remain below a total value of 10,000 EUR, will remain unaffected and active.
Russian nationals or natural persons residing in Russia, or legal entities established in Russia, with open Futures/Derivatives positions, and who have crypto account balances that exceed 10,000 EUR will be given 90 days to close out their positions. No new positions will be allowed to be added.
While these measures are potentially restrictive to normal Russian citizens, Binance must continue to lead the industry in implementing these sanctions. We believe all other major exchanges must follow the same rules soon.
In the past Binance announced Donation of $10M to Ukraine Humanitarian Effort
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I don't like this because it shows that the crypto market is also influenced by politics. Binance should limit sanctions to individuals directly involved in this war instead of impacting all Russian users. The Russian people also opposed this war.
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Only Satoshi Nakamoto has a good idea for this transaction, this is what he is worried about, there are limits, too many rules and politics seem to have entered the crypto space, while the basis of the idea is to make Bitcoin and Blockchain for P2P transactions, so no one can regulate it like banks and some other regulations from the government, I support every aspect of peace when there is a conflict between ukrainan and Russia, but these restrictions are very detrimental to crypto users, if these restrictions continue then the Binance exchange may be abandoned by investors, because I see Russia will accept oil payments using Bitcoin.
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I don't like this because it shows that the crypto market is also influenced by politics. Binance should limit sanctions to individuals directly involved in this war instead of impacting all Russian users. The Russian people also opposed this war.
I think these restrictions are very weak and too humane. Russian soldiers in Ukraine deliberately shoot at civilians, killing women and children, deliberately destroy houses, schools, hospitals and other civilian infrastructure with tanks and artillery, rob and rape, behave in Ukraine worse than fascist Nazis. Now many settlements in Ukraine are 90 percent or more turned into ruins.
More than 80 percent of Russians now support Putin's actions in Ukraine. Only a few oppose the war. Therefore, the entire population of Russia should be subjected to the most severe sanctions with confiscation of property, and it should be sent to Ukraine to restore what the Russians destroyed in Ukraine.
There is no mechanism, no time to identify and not touch those few who oppose the war in Russia.
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Binance exchange should not do that, there is no relation between crypto and war, the existence of limits and double standards like this reflects the political system and is in favor of one government, we also know that many countries commit violence like Israel, but they do not receive any sanctions. is it justified? I don't think that other countries and financial institutions and governments of other countries do not impose sanctions against Israel.
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The Russian people are not supporting and not participating in the war, they should be allowed to continue trading on Binance instead of being banned. Binance should only punish individuals who are involved in means of war and war crimes in Ukraine.
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The Russian people are not supporting and not participating in the war, they should be allowed to continue trading on Binance instead of being banned. Binance should only punish individuals who are involved in means of war and war crimes in Ukraine.
More than half of Russians continue to speak out in support of the war in Ukraine. If the Russian people had resolutely opposed the aggression against Ukraine, which has been going on for eight years, then there would be no current global military aggression. Now, peaceful citizens of Ukraine would not be destroyed, Russian soldiers would not rob them, shoot or rape them now, and their homes would not be purposefully destroyed by the occupiers. More than 8,500 residential buildings, hundreds and thousands of schools, hospitals, educational and cultural institutions, and so on have already been destroyed in Ukraine. What Russian soldiers are doing in Ukraine has already been recognized by many countries as genocide of the Ukrainian people.
Against this background, the argument that these restrictions on crypto exchanges are too restrictive of the rights of “innocent” Russians seems cynical and too soft. The sanctions are designed to stop these massacres of Ukrainians, and if the Russian people remain silent like silent cattle, the sanctions should only get stronger.
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I think the Binance exchange implements a policy like this because of the influence of the ongoing war that makes the binance exchange place special regulations, hopefully this policy does not last long and the war ends soon so that the binance exchange can revoke the regulation.
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Konencho is now a lot of countries are fighting against Russia and want to break off in some actions, in order to at least contain them in something. Everyone goes where the majority go so that they themselves are not covered up since they are alone.
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I think the Binance exchange implements a policy like this because of the influence of the ongoing war that makes the binance exchange place special regulations, hopefully this policy does not last long and the war ends soon so that the binance exchange can revoke the regulation.
As long as Binance is located in the United States, as long as it will be under the jurisdiction of its government and follow its instructions. This is a harsh reality from which we cannot escape. Another reality is that the war in Ukraine will continue as long as it is attacked by the Russian occupiers. Despite heavy losses, we do not yet see real prospects for its end. In this case, Europe and other states will be forced to increase sanctions pressure on Russia until it withdraws its troops from Ukraine and compensates for the damage caused to it.
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all the actions taken will obviously create new problems, some agree but some don't, because indeed the regulations of each country where the exchange is located will always have its own rules but it should not interfere with practical politics which actually harms its own credibility and is not good for the development of crypto itself there will always be favoritism later.
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I don't like this because it shows that the crypto market is also influenced by politics. Binance should limit sanctions to individuals directly involved in this war instead of impacting all Russian users. The Russian people also opposed this war.
Economics and politics cannot be separated. They are inextricably linked, despite the fact that someone may not like it. Now Russian troops, at the direction of their sole ruler Putin, are bombing and shelling peaceful cities and towns of Ukraine with all types of weapons, deliberately shooting the entire population, including women and children.
Who is to blame? According to the Constitution of Russia, the bearer of power is the people. The people elect the highest officials of the country, including the President, who are accountable to the people and must act within the powers granted to them by law. If officials give criminal instructions to their people and the people, that is, its armed forces carry them out, then in general all Russian citizens are to blame, who failed to organize such a system of power in their country so that this power was controlled by its citizens. Moreover, in Russia there are no mass protests against the war with Ukraine, and in polls, more than half support Putin's actions in relation to the war of conquest in Ukraine. In order to force Russia to stop this war, it is necessary to influence all citizens of Russia, because in Ukraine every day because of the passive behavior of Russians Ukrainians die, their houses, schools, hospitals, and other civilian infrastructure are destroyed. There is simply no other way. All Russians are to blame for the fact that now their fathers, brothers and sons are killing the inhabitants of Ukraine. Therefore, Binance is doing the right thing by blocking some of the Russian accounts with a high transaction volume.
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I think the Binance exchange implements a policy like this because of the influence of the ongoing war that makes the binance exchange place special regulations, hopefully this policy does not last long and the war ends soon so that the binance exchange can revoke the regulation.
This war has been going on for almost half a year and the Russians are massacring Ukrainians in their country every day. Therefore, in order to stop this war and massacres, it is necessary to put more pressure on all Russians without exception, so that they warn for many generations that it is impossible to attack other states. But in Russia, many people support this war of conquest and rejoice when their authorities announce the annexation of part of the lands of other states. Therefore, restrictions for all Russians should be even more stringent.
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The Russian people are not supporting and not participating in the war, they should be allowed to continue trading on Binance instead of being banned. Binance should only punish individuals who are involved in means of war and war crimes in Ukraine.
More than 200 thousand servicemen of the Russian army invaded the territory of Ukraine, who kill Ukrainians every day. This is not the people of Russia? Maybe these are mercenaries from other countries who were hired by Putin, and the Russian people have nothing to do with it? No, these are fathers, husbands, brothers and sons of "peaceful" Russians who allegedly do not want war and do not participate in it. Mothers and wives urge them to kill more Ukrainians in this war, and these are objective realities, and according to anonymous polls, about 70 percent of the Russian people support Putin's war of conquest in Ukraine. In Russia, only a few come out to protest against this war. Therefore, of course, the entire people of Russia should be held responsible for the murders of Ukrainians and the methodical destruction of their settlements and other civilian infrastructure.
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I think the Binance exchange implements a policy like this because of the influence of the ongoing war that makes the binance exchange place special regulations, hopefully this policy does not last long and the war ends soon so that the binance exchange can revoke the regulation.
This war has been going on for almost half a year and the Russians are massacring Ukrainians in their country every day. Therefore, in order to stop this war and massacres, it is necessary to put more pressure on all Russians without exception, so that they warn for many generations that it is impossible to attack other states. But in Russia, many people support this war of conquest and rejoice when their authorities announce the annexation of part of the lands of other states. Therefore, restrictions for all Russians should be even more stringent.
No one in this world who has experienced war, will benefit from it. the situation has often been seen with the facts, it is certain that it will have an impact on the warring parties. especially clear to the civilians who will be directly affected by the war.
whatever action is taken is not justified, all of them must be big-hearted to be able to sit together to solve problems with the best solution. I do not agree that any action taken by a country is retaliated with actions that are too aggressive so that it does not solve the problem at hand.
Violent intervention is retaliated with anything with the aim of taking action to retaliate or suppress, it will only make things worse. maybe binance can take this action as well as european countries, will it be the best solution and not even tougher action? because in the end everything is brought into the realm of politics/trade competition, where there will be those who are looking for opportunities to cloud the atmosphere instead of looking for solutions.
the two leaders should put aside their ego temporarily so that it can be resolved more wisely, because it is clear that war will have a bad impact. no one will profit in this case, all because the ego alone cannot be suppressed to be able to accept the role that wants to reconcile.
#NoWAR #Peace
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if I think this is a good idea because crypto can't be regulated by any party so that crypto can be misused, I support the steps taken by binance with restrictions like that will minimize misuse of crypto
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@yohananaomi. Here you do not take into account the fact that in this war there is an aggressor country and a victim country. What benefit can Ukraine get here, which has been subjected to a military attack by the Russians, when not only the military, but also civilians of Ukraine are killed every day, and the civilian infrastructure of the country is massively and deliberately destroyed with all types of weapons? You also argue that the parties need to put aside their egos and sit down at the negotiating table. Do you know what conditions Russia sets for negotiations? It demands the recognition of the Crimean peninsula, the Donetsk and Luhansk regions, as well as the occupied territories of Ukraine after February 24 as Russian. After that, Ukraine will be subjected to terror and patriotic Ukrainians will be subject to physical destruction. Ukrainian culture, language, and other attributes of statehood are also subject to destruction. Would you agree that conquerors from outside would also treat your state? Do you consider it a manifestation of "ego" if the people defend their country, their statehood and their independence?
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That they again want to ban Russian users of cryptocurrencies or exchanges, everything will be fine with restrictions. All bans to residents of Russia probably as usual everything will be fine and will last for a short time.
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That they again want to ban Russian users of cryptocurrencies or exchanges, everything will be fine with restrictions. All bans to residents of Russia probably as usual everything will be fine and will last for a short time.
Yeah, it's just temporary because war effect.
I think binance will allow Russian users.
We know many investors and trader from Russian.
I think everything will be okay
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Limit or not for Russian, I think It will fix soon.
Because I think It's not big problem for Russian citizens.
And I believe binance team will have good consideration for this case . Let's see.
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Limit or not for Russian, I think It will fix soon.
Because I think It's not big problem for Russian citizens.
And I believe binance team will have good consideration for this case . Let's see.
the whole problem can be based on sanctions, and if Russia circumvents sanctions with the help of cryptocurrencies, then binance will have no choice but to introduce an additional restriction for users. binance is still very dependent on regulators.
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Limit or not for Russian, I think It will fix soon.
Because I think It's not big problem for Russian citizens.
And I believe binance team will have good consideration for this case . Let's see.
the whole problem can be based on sanctions, and if Russia circumvents sanctions with the help of cryptocurrencies, then binance will have no choice but to introduce an additional restriction for users. binance is still very dependent on regulators.
It must also be remembered that competition is constantly evolving and if any restrictions are made, it is certain that those who are restricted will find a way out so that problems that occur can be handled properly. it will open an opportunity that has been wanting to compete to get the best opportunity moment. It should also be borne in mind that Russia is a very potential crypto user and this could lead them to look for available alternatives or create their own regulations. we will see that will happen if there are restrictions to be put in place, because quite a lot of competitors will replace them.
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That they again want to ban Russian users of cryptocurrencies or exchanges, everything will be fine with restrictions. All bans to residents of Russia probably as usual everything will be fine and will last for a short time.
Yeah, it's just temporary because war effect.
I think binance will allow Russian users.
We know many investors and trader from Russian.
I think everything will be okay
Yes, Russia very often got away with everything, so they believed that everything was allowed to them and that they were higher and more powerful than other nations. This is, in fact, ordinary fascism, although they invaded Ukraine under the slogan of fighting fascism and nationalism in Ukraine. They never found fascists in Ukraine, but they faced the high patriotism of this nation. Restricting Russians outside their country is necessary so that they stimulate their state officials to end the war.
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That they again want to ban Russian users of cryptocurrencies or exchanges, everything will be fine with restrictions. All bans to residents of Russia probably as usual everything will be fine and will last for a short time.
Yeah, it's just temporary because war effect.
I think binance will allow Russian users.
We know many investors and trader from Russian.
I think everything will be okay
Yes, Russia very often got away with everything, so they believed that everything was allowed to them and that they were higher and more powerful than other nations. This is, in fact, ordinary fascism, although they invaded Ukraine under the slogan of fighting fascism and nationalism in Ukraine. They never found fascists in Ukraine, but they faced the high patriotism of this nation. Restricting Russians outside their country is necessary so that they stimulate their state officials to end the war.
there is the latest news from Russia itself, it seems that the restrictions that will be placed on Russian users have been anticipated by the Russian government itself by enforcing a law on the use of crypto, by not allowing crypto to be traded in Russia. Will this ultimately be of use to Binance? Obviously we will see further developments. apart from the ban on russian users but it is very unfortunate that russia's intervention in ukraine, of course, is not justified under any circumstances to intervene, hopefully this will find a way out in peace.
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every war has consideration from other countries If binance limits services to Russian users, I think it's not fair.
Maybe binance should limit to suspicious users from Russian, not for all users.
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every war has consideration from other countries If binance limits services to Russian users, I think it's not fair.
Maybe binance should limit to suspicious users from Russian, not for all users.
Where are you from? Do you watch the news? Go check and see how russians are doing genocide and other crimes and then you can judge what is fair and what's not
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What kind of discrimination of Russian citizens why they do this is unclear, what it gives them. It was better for them to solve other problems that are currently happening in Ukraine in order to solve them.
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What kind of discrimination of Russian citizens why they do this is unclear, what it gives them. It was better for them to solve other problems that are currently happening in Ukraine in order to solve them.
Are you talking about discrimination against Russian citizens? In Ukraine, the Russians staged a complete genocide and extermination of Ukrainians. Every day peaceful cities of Ukraine are shelled with missiles and artillery, every day women and children die. Work has just been completed on the exhumation of the corpses of Ukrainians as a result of the presence of Russians in the Ukrainian city of Izyum, which they occupied. 447 corpses were recovered and most of them have signs of torture. Most of them are civilians, women and children. This is happening in almost all Ukrainian settlements "liberated" by the Russians. In addition, with such a "liberation" civilian infrastructure is deliberately destroyed, cities and villages are 90 percent in ruins.
Let the Russians rejoice for now that in other countries they are not killed like mad dogs. And let the road to Ukraine be forgotten for several generations.
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every war has consideration from other countries If binance limits services to Russian users, I think it's not fair.
Maybe binance should limit to suspicious users from Russian, not for all users.
Where are you from? Do you watch the news? Go check and see how russians are doing genocide and other crimes and then you can judge what is fair and what's not
whatever Russia is doing is clearly not justified and if possible not by doing things that are also counter productive for others. Is it possible that those who have an account or funds on Binance agree with the way Russia is doing? can't guarantee that.
As a person outside the conflict, it is clear that it is difficult to judge properly and of course there will always be an impartial assessment, that's natural.
#PEACE (https://www.altcoinstalks.com/index.php?action=hashtags;sa=list;hash=PEACE;b41eed59e5=1874b38530f196db39164f61eb421063)
#NoIntervention (https://www.altcoinstalks.com/index.php?action=hashtags;sa=list;hash=NoIntervention;b41eed59e5=1874b38530f196db39164f61eb421063)
#SaveUkraine (https://www.altcoinstalks.com/index.php?action=hashtags;sa=list;hash=SaveUkraine;b41eed59e5=1874b38530f196db39164f61eb421063)
#SaveRussia (https://www.altcoinstalks.com/index.php?action=hashtags;sa=list;hash=SaveRussia;b41eed59e5=1874b38530f196db39164f61eb421063)
#SavePeopleCivil (https://www.altcoinstalks.com/index.php?action=hashtags;sa=list;hash=SavePeopleCivil;b41eed59e5=1874b38530f196db39164f61eb421063)
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Russia is indeed very criticized by all countries so that the Russian state has limitations in accessing all businesses.
I also saw that trade for Oil and Gas from Russia was also banned because of the effects of war and this made the circulation of money in Russia stagnate.
In cryptocurrency trading, it is also more precisely on the Binance platform that it is limited so that this user from Russia experiences stumbling services to move coins or Fiat Withdraws from Binance.
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I think It's not fair if binance limits russian users.
this war because government decision.
I think the citizens didn't have guilty.
So, binance should have good decision for russian users.
Maybe only suspicious member will be blocked
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I think It's not fair if binance limits russian users.
this war because government decision.
I think the citizens didn't have guilty.
So, binance should have good decision for russian users.
Maybe only suspicious member will be blocked
Maybe binance has own consideration to limit russian users.
But I agree with you, binance should limite suspicious account not for all russian users.
If we wise to see, citizen is citizen.
This war because of the government decision.
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The Russian people are not supporting and not participating in the war, they should be allowed to continue trading on Binance instead of being banned. Binance should only punish individuals who are involved in means of war and war crimes in Ukraine.
agree with you mate, Russian people didn't not support the war. I think binance should allow and doesn't limite them, It's not fair.
Citizens didn't create policy for the war.
I think war is always being nightmare for us.
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I am also still confused about this service from Russia because I feel that Binance is very unfair, cryptocurrency should be more open to those who have registered and verified KYC.
But this also cannot be blamed on Binance because the Russian state is also being constrained by the war invasion of Ukraine which makes all countries in the world hate Russia.
Don't let World War III happen again because of the effects of Russia-Ukraine because it will only give a bad value for the social, economic and all, which is also included in the cryptocurrency business and this is really heartbreaking.
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I am also still confused about this service from Russia because I feel that Binance is very unfair, cryptocurrency should be more open to those who have registered and verified KYC.
In order for the war unleashed by Russia in Ukraine to stop, any pressure must be exerted both on the authorities in the Kremlin and on the citizens of Russia, who still overwhelmingly support this war and supported by 78 percent the accession to the Russian Federation of four incompletely occupied regions of Ukraine . More than 40,000 Russian war crimes have already been documented in Ukraine. These are the crimes of the people of Russia.
Therefore, the Parliamentary Assembly of the Council of Europe for the first time recognized the Russian Federation as a terrorist country. A similar decision can be made in the United States, the document is already in Congress.
On October 6, the European Union approved sanctions that provide for a ban on the opening and use of crypto wallets for users from the Russian Federation, regardless of the amount on the account.
To date, four crypto exchanges have already refused to cooperate with the Russians. The first to react to the EU decision was the Canadian crypto platform NFT Dapper Labs, which on the same day, October 6, suspended work with clients from Russia. The next day, a similar step was taken by the Cryptopay platform, and a few days later by the Finnish crypto exchange Localbitcoins, which is popular among Russians.
It is impossible to separate economics and politics from cryptocurrencies. States, of course, will influence the crypto-exchanges and crypto-platforms that operate on their territory.
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Thank you guys for your opinion and for your support!
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The Russian people are not supporting and not participating in the war, they should be allowed to continue trading on Binance instead of being banned. Binance should only punish individuals who are involved in means of war and war crimes in Ukraine.
agree with you mate, Russian people didn't not support the war. I think binance should allow and doesn't limite them, It's not fair.
Citizens didn't create policy for the war.
I think war is always being nightmare for us.
I think I also agree with the colleague above, that no one wants war to happen and that will obviously have an impact on those who are fighting directly or indirectly.
Likewise with the Russian people, because they were also affected by the intervention by the government.
If Binance imposes restrictions on Russian citizens, this is obviously not wise, even though the aim is to give a warning and punishment to the government, but the treatment should not have a direct impact on the people, who have been confirmed to have helped raise Binance.
There are much wiser ways that Binance can do to punish and Binance definitely has one.
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I think It's not fair if binance limits russian users.
this war because government decision.
I think the citizens didn't have guilty.
So, binance should have good decision for russian users.
Maybe only suspicious member will be blocked
So far, according to a recent poll, Russian citizens support the war in Ukraine by more than 70 percent. It is the citizens of Russia who, as military personnel, commit war crimes in Ukraine every day, robbing, raping and killing the civilian population of Ukraine. This is not done by Putin or his entourage. It is the citizens of Russia who every day fire cruise missiles at peaceful cities, directing them at energy infrastructure facilities so that Ukrainians, women and children are left without light, water and heat in winter. Therefore, the European Union, not to mention NATO, recognized Russia as a terrorist country. Therefore, all citizens of Russia are guilty of the genocide of Ukrainians. It is they who have chosen such a ruler for themselves and it is they who encourage his actions. That is why all Russian citizens in the future for many generations will be forced to pay reparations to Ukraine. Well, the pleasure of killing people and destroying their homes and all civilian infrastructure will have to be paid.
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How is this possible if the news shows a different situation that most people go to rallies against the war in Ukraine. Where did you get such figures that 70% of Russian citizens support the war in Ukraine.
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How is this possible if the news shows a different situation that most people go to rallies against the war in Ukraine. Where did you get such figures that 70% of Russian citizens support the war in Ukraine.
I think what you are asking about that 70% of Russian citizens support war, it is confirmed that this is not true news, because I believe and also everyone that no one wants war to happen under any circumstances and for any interests. because it must be remembered that war will only cause misery and many losses from both sides.
I am also as sure as you, friend, that it is clear that people do not want war in Ukraine, and many want peace to be realized soon.
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How is this possible if the news shows a different situation that most people go to rallies against the war in Ukraine. Where did you get such figures that 70% of Russian citizens support the war in Ukraine.
I don’t know what kind of news you are watching, but in reality in Russia only a few are openly protesting against the war on the streets. At the same time, their protests last no more than a minute, because the police immediately take them away. During the detention, these protesting citizens do not offer any resistance, and passers-by pass by indifferently.
Before the military invasion of Ukraine, the Putin regime worked hard and zombified the people so much that they really believed that the Ukrainians were hostile to the Russians and wanted to attack them first. Therefore, Putin claims that the attack on Ukraine was a preventive and necessary measure. But these are the problems of the Russians themselves and the Ukrainians, who are under rocket fire every day, this does not make it any easier.
Therefore, the figure of 70 percent supporting the war in Ukraine was more or less real. Now, after mobilization was announced in Russia due to the fact that the contract Russian invasion army was defeated in Ukraine, and the Russians felt that they themselves would need to go to this war, their belligerent mood has noticeably diminished.
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After the announcement of mobilization in Russia at the end of September, Russian support for the war that Putin unleashed in Ukraine fell sharply at first, but has now risen again. According to the last poll conducted in early December, such support was 65-68 percent. Well, the Russians don't learn from their mistakes, and so this time they will have to suffer economically for generations to come. They are accustomed to consider themselves invincible nations, attack other states, kill, rob, rape civilians and enjoy their impunity. The current war in Ukraine has far surpassed in its senseless cruelty on the part of the Russians even the Nazis, who behaved during the occupation of Ukraine much worthy.
In the case of Ukraine, this time it will not work. The international community will force the Russians to compensate Ukraine for the material damage caused, which has already exceeded a trillion dollars, and the Russians will become beggars in complete international isolation. It probably takes a few generations and their imperial ambitions to disappear before they can be allowed into civilization.
Therefore, restrictions on Russians on crypto exchanges are still flowers.
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The Russian people are not supporting and not participating in the war, they should be allowed to continue trading on Binance instead of being banned. Binance should only punish individuals who are involved in means of war and war crimes in Ukraine.
Very strange reasoning. In February, an army of roughly 200,000 Russian citizens who did not support the war invaded Ukraine from all sides. Or was it not the Russian army, but aliens? Although they were mediocre, they nevertheless began to fight with the Armed Forces of Ukraine, and since they began to receive defeat from the Armed Forces of Ukraine, they switched to civilians, robbing, raping and killing them. In general, the Russians who did not support the war turned into a horde that destroys everything in its path. The settlements "liberated" by them turn 80-90 percent into ruins, after which they themselves declare that they are no longer subject to restoration.
As the first wave of the professional Russian army was defeated, mobilization was announced in Russia in September and another 300,000 Russians who did not support the war, looking up from their TV screens, arrived in Ukraine to kill Ukrainians.
What are the rest of the Russians doing? Maybe they take to the streets en masse to protest against the war in Ukraine? We don't see this at all. They only worry about paying the promised large reward for participating in the war or compensation for their relatives killed in the war. Some order clothes or household appliances from the robbed houses of Ukrainians, there is even a case when the wife asks to bring the head of a Ukrainian from the war. Therefore, it is not even worth saying that Russian citizens have nothing to do with it.
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You can keep up to 10,000 euros in the balance, and accounts are not blocked, just cut a lot of things, withdrawal and input.
When the conflict is over, everything will be as before. Although a lot of other normal exchanges, where no restrictions are not introduced.
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What are the rest of the Russians doing? Maybe they take to the streets en masse to protest against the war in Ukraine? We don't see this at all. They only worry about paying the promised large reward for participating in the war or compensation for their relatives killed in the war. Some order clothes or household appliances from the robbed houses of Ukrainians, there is even a case when the wife asks to bring the head of a Ukrainian from the war. Therefore, it is not even worth saying that Russian citizens have nothing to do with it.
You are completely right
That's sad that not everyone understands this...
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I think the fact that Binance limits its services to Russian citizens is an act of hypocrisy. I have not read anywhere that Binance limits its services to citizens of other countries that have started armed conflicts or have been killing civilians for decades.Speaking of this, I remember the statements of Jesse Powell, former CEO of Kraken:
If we were to shut down our services to countries that start a war, we should shut them down for almost every country in the world.
Binance has more legal requirements to comply with every day, and depending on the country Binance wants to license in, they will have to do what the laws of that country say. Depending on the cases, these laws can order sanctions against citizens of specific countries for geopolitical reasons.
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Ah, the ever-evolving world of crypto, where the winds of politics and regulation blow as unpredictably as a storm on the high seas. Binance's recent announcement is a stark reminder of this reality. It's a fascinating, albeit controversial, development that has the potential to reshape the crypto landscape, particularly for our Russian friends.
Firstly, let's address the elephant in the room: the restriction of services for Russian nationals or entities with crypto assets exceeding 10,000 EUR. This is a significant move, one that could potentially alienate a large portion of Binance's user base. While it's understandable that Binance must comply with the EU's sanctions, it's worth questioning whether this blanket approach is the most effective or fair solution. After all, not every Russian crypto holder is involved in the geopolitical conflict that has led to these sanctions.
Secondly, the decision to put affected accounts into withdrawal-only mode is a double-edged sword. On one hand, it allows users to retrieve their assets, which is a fair and necessary provision. On the other hand, it effectively locks them out of the dynamic world of crypto trading, a world that is defined by its openness and accessibility.
The 90-day grace period for those with open Futures/Derivatives positions is a small consolation, but it's akin to being given a few final breaths before being submerged underwater. It's a temporary reprieve, but the end result is the same: exclusion.
Binance's donation to the Ukraine Humanitarian Effort is commendable, but it's important to remember that charity and compliance are two different things. One is a voluntary act of goodwill, the other is a mandatory response to legal obligations. Let's not confuse the two.
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Biance the worlds largest cryptocurrency exchange by trading volume. Quietly lifted restrictions on Russian citizen and residents it had imposed over a year ago in march 2022. Europeon Union placed sanctions on russia in response to its attack on Ukraine.
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For now, is Binance still restricting accounts from Russians ?
What happens if it continues like this ?
I'm sure Russians also want to enter the Binance ecosystem, but if it's limited then what to do ?
Also, I saw on various local TV channels in my country that the war between Russia and Ukraine was getting hotter day by day and lots of soldiers were dying. Oh My God .
Please Stop this War !
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With the retirement of CZ, i already knew that things won't go smooth anymore again. Targeting a certain region is obviously the work action of those that are against them. Cryptocurrency has nothing to do with governance, politics, war and personal matters, but the exchanges are currently under pressure.
Binance has to be cautious about the decisions they make, as we are fully aware of where it originates from. When external forces finish manipulating them, they might abandon Binance and promote their own exchange.
Can we now conclude that certain people have successfully taken control of the major exchange?.
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For now, is Binance still restricting accounts from Russians ?
What happens if it continues like this ?
I'm sure Russians also want to enter the Binance ecosystem, but if it's limited then what to do ?
Also, I saw on various local TV channels in my country that the war between Russia and Ukraine was getting hotter day by day and lots of soldiers were dying. Oh My God .
Please Stop this War !
Hopefully it will end soon, Russia and Ukraine war.
I think It's not good for their citizens.
Talking about binace restricted russian account, I think it depends on Russia and Ukraine war.
If the war has stopped, I think binance will allowed russian again.
Because I think US government has own policies to ask binance team , block russian member.
It's not fair , but I also read the news about several account from Russian suspicious transactions.
Maybe US consider it.
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Hopefully it will end soon, Russia and Ukraine war.
I think It's not good for their citizens.
Talking about binace restricted russian account, I think it depends on Russia and Ukraine war.
If the war has stopped, I think binance will allowed russian again.
But this still continuing and happening.
Indeed, until 2023, Binance will have stricter regulations regarding users from Russia. And even last August, Bianance also added restrictions on the use of Russian fiat for transactions. And this may have quite a big impact on Russian users. However, it is true that they have been implementing these restrictions since 2022, so this is certainly no surprise to the Russian people.
https://cointelegraph.com/news/binance-fiat-restrictions-for-russian-users
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Binance is the exchange with the highest daily volume in the world, but that does not mean it is the best or the only one. Fortunately, Russian users have quite a few options for trading. The restrictions or limitations that Binance may apply to Russian citizens will not have a great effect, we can compare it to the international sanctions that Russia receives from the international community. They require more documents with personal information to know who buys and sells crypto. It may be annoying, but I don't think it's a big problem after all.
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I think, Binance restricts services in Russia due to regulatory concerns, aligning with global compliance standards for a secure and compliant trading environment. And also he wants to stay away from politics.
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he wants to stay away from politics.
Hmmm, again and again political problems.
This politics is indeed scary for those who feel they are always right and this is very dangerous, especially since this cryptocurrency is decentralized and the price can go up at any time and it can be dumped.
Binance must be fair to situations that occur in the real world because digital cryptocurrency also has ups and downs due to issues that exist in the real world.
Binance's move to ban Russian citizens who are registered or already have an account on Binance is the right step because Binance does not want to get involved in politics between Russia and Ukraine, which are currently at war.
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Binance does not want to get involved in politics between Russia and Ukraine, which are currently at war.
Politic is always being reason of policy. Maybe finance doesn't want to get involved in Russia and Ukraine politic.
But we all know, where is binance ? US will influence it.
that's true..
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Binance does not want to get involved in politics between Russia and Ukraine, which are currently at war.
Politic is always being reason of policy. Maybe finance doesn't want to get involved in Russia and Ukraine politic.
But we all know, where is binance ? US will influence it.
that's true..
Binance is a centralized exchange and that says it all. If Satoshi Nakamoto created Bitcoin, then it was initially created in such a way as to reduce the possibility of control and influence.So there is no point in thinking about Binance in a way that it cannot be a priori. 😉
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That wasn't professional enough what binance had done with Russian users but politics is everywhere. As far my knowledge, authority of binance, doing their activities in usa and that's why they have to follow some rules and regulations from that country, even binance cz resigned due to political pressure. So Actually we can't accused binance or its authority for that
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That wasn't professional enough what binance had done with Russian users but politics is everywhere. As far my knowledge, authority of binance, doing their activities in usa and that's why they have to follow some rules and regulations from that country, even binance cz resigned due to political pressure. So Actually we can't accused binance or its authority for that
I agree with you, I'm disagree with Binance policy to limit service to Russia users.
It seems not fair.
Because trading , investing should different from political matters.
It's funny
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That wasn't professional enough what binance had done with Russian users but politics is everywhere. As far my knowledge, authority of binance, doing their activities in usa and that's why they have to follow some rules and regulations from that country, even binance cz resigned due to political pressure. So Actually we can't accused binance or its authority for that
I agree with you, I'm disagree with Binance policy to limit service to Russia users.
It seems not fair.
Because trading , investing should different from political matters.
It's funny
Yeah, I think It's just polical matter if binance limit Russian users.
But maybe US has policy to detect suspicious transaction, and suggest binance to limit russian users.
Hopefully this was will end soon.
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That wasn't professional enough what binance had done with Russian users but politics is everywhere. As far my knowledge, authority of binance, doing their activities in usa and that's why they have to follow some rules and regulations from that country, even binance cz resigned due to political pressure. So Actually we can't accused binance or its authority for that
I agree with you, I'm disagree with Binance policy to limit service to Russia users.
It seems not fair.
Because trading , investing should different from political matters.
It's funny
Yeah, I think It's just polical matter if binance limit Russian users.
But maybe US has policy to detect suspicious transaction, and suggest binance to limit russian users.
Hopefully this was will end soon.
In any case, we are talking about possible financing of violence. That is why everyone is being restricted, although many may not be directly related to the war.
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any case, we are talking about possible financing of violence. That is why everyone is being restricted, although many may not be directly related to the war.
Agree , I think why binance limits services to russian user, as you said possible of violence.
And I think maybe there are several suspicious transactions.
I think it makes Russian user has been limited.
TBH, I don't agree about war, hopefully this war will end soon.
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any case, we are talking about possible financing of violence. That is why everyone is being restricted, although many may not be directly related to the war.
Agree , I think why binance limits services to russian user, as you said possible of violence.
The country of Russia seems to be affected by various countries around the world because it has invaded Ukraine, not only regarding cryptocurrency but also regarding trade, food, oil, gas and even sports matches are also restricted.
I am very sad that war is everywhere, so why does it have to be like that, I don't like war and this really makes me sad, Binance's steps are right to limit the use of cryptocurrency for Russian citizens but don't freeze their assets.
If Binance freezes the assets of Russian citizens, it is the same as Scam and Fraud, their cryptocurrency assets are their full rights, don't ever allow Binance to freeze the assets of Russians, this will be a fatal mistake for Binance.
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The country of Russia seems to be affected by various countries around the world because it has invaded Ukraine, not only regarding cryptocurrency but also regarding trade, food, oil, gas and even sports matches are also restricted.
I am very sad that war is everywhere, so why does it have to be like that, I don't like war and this really makes me sad, Binance's steps are right to limit the use of cryptocurrency for Russian citizens but don't freeze their assets.
If Binance freezes the assets of Russian citizens, it is the same as Scam and Fraud, their cryptocurrency assets are their full rights, don't ever allow Binance to freeze the assets of Russians, this will be a fatal mistake for Binance.
Everyone did not want an invasion of Ukraine, so this action had an impact on both countries; no one benefited from the conflict.Of course, there is a political problem that causes Russia to invade, which makes it difficult to find a solution. If there is no intention on both sides to be able and willing to carry out a peace agreement, this impact also affects Russia and Ukraine in terms of trade, which makes it difficult to meet their needs.I agree with you that Binance could do that for the purpose of providing intervention so that they can be invited to make peace by placing restrictions, but if it means freezing assets, it would certainly not be wise because they have also contributed to the journey so far for Binance.
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any case, we are talking about possible financing of violence. That is why everyone is being restricted, although many may not be directly related to the war.
Agree , I think why binance limits services to russian user, as you said possible of violence.
And I think maybe there are several suspicious transactions.
I think it makes Russian user has been limited.
TBH, I don't agree about war, hopefully this war will end soon.
It's not just violence that occurs, but Binance just wants its platform to avoid problems that may often occur because we know that Russia often carries out international transactions for war needs and oil needs. So I'm sure the Binance exchange is limiting Russian users because they don't want products as large as Binance's to be used for money laundering.
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We have expected this to happen or else Binance will face a hard respond from biggest governments in the world as we also knew how and what is the treatment of US and Europe in this country so better to be with the laws or face problems .
Binance limiting is better than totally closing their doors to Russian users.
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-we know that Russia often carries out international transactions for war needs and oil needs.
This evidence is a bit strong because war definitely requires a lot of weapons, ammunition, vehicles, oil, gunpowder, etc.
Binance does not want to open the tap to users from Russia because the funds withdrawn from Binance are afraid of being misused for war.
In my opinion, this is just a brief overview of the war that has occurred, but I appreciate that Binance has also provided this kind of understanding so that we can be aware of war if it occurs.
(I hope that where I live there is no war and I hope it is full of peace).
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We have expected this to happen or else Binance will face a hard respond from biggest governments in the world as we also knew how and what is the treatment of US and Europe in this country so better to be with the laws or face problems .
Binance limiting is better than totally closing their doors to Russian users.
agreed, limiting is better than closing or ban russian user.
Although, some times I just think ,it seems not fair.
The war is the government policy, not civil
Why the civil affected.
Maybe US or binance consider suspicious transaction, not about user but about their transaction type.
The war always have bad effects for the civil.
Unfortunately, it's not been ended soon.
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agreed, limiting is better than closing or ban russian user.
Although, some times I just think ,it seems not fair.
The war is the government policy, not civil
Why the civil affected.
Maybe US or binance consider suspicious transaction, not about user but about their transaction type.
The war always have bad effects for the civil.
Unfortunately, it's not been ended soon.
Limiting services to Russian citizens in this case is nothing more than another measure of pressure from governments. It is possible that in this way, governments that impose limits on users believe that no citizen will be able to carry out money laundering and similar things towards Russia. Personally I think it's silly, since there are many ways to do it. I do not think it is a very effective measure, since these limitations can be avoided in several ways or even something simpler, using other exchanges that do not impose these limitations. At the end of the day, it is always the citizens, the most vulnerable, who pay the consequences of damned wars.
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We have expected this to happen or else Binance will face a hard respond from biggest governments in the world as we also knew how and what is the treatment of US and Europe in this country so better to be with the laws or face problems .
Binance limiting is better than totally closing their doors to Russian users.
agreed, limiting is better than closing or ban russian user.
Although, some times I just think ,it seems not fair.
The war is the government policy, not civil
Why the civil affected.
Maybe US or binance consider suspicious transaction, not about user but about their transaction type.
The war always have bad effects for the civil.
Unfortunately, it's not been ended soon.
War gives nothing but disaster , this why I also think that who ever started each must be sanctioned and be penalized , I am not saying its russia or ukraine but whim really started and what is the reason because this is not about this banning or blocking but the dying , family are suffering and innocent people are the most affected in this, Ending will be the best gift each from those region might receive all their life.
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We have expected this to happen or else Binance will face a hard respond from biggest governments in the world as we also knew how and what is the treatment of US and Europe in this country so better to be with the laws or face problems .
Binance limiting is better than totally closing their doors to Russian users.
There will always be political content in it if it concerns bilateral interests, but it cannot be avoided, and it is only natural; usually, the strong will always pressure or intervene for certain purposes.I agree with you, friend. If the restrictions are only imposed as a warning, it's understandable, but if you close the door, of course there will be disadvantages, and it's not fair.Hopefully, there will be a way out for the common good.
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There will always be political content in it if it concerns bilateral interests, but it cannot be avoided, and it is only natural; usually, the strong will always pressure or intervene for certain purposes.I agree with you, friend. If the restrictions are only imposed as a warning, it's understandable, but if you close the door, of course there will be disadvantages, and it's not fair.Hopefully, there will be a way out for the common good.
That Binance's decision to gradually close the door for Russian users does seem unfair. But at the same time, it is not so critical as many Russian users have just moved to other popular and more loyal exchanges such as Bybit, MEXC, OKX, and HTX. So it turns out that Binance has harmed itself by giving some of its audience to competitors.
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That Binance's decision to gradually close the door for Russian users does seem unfair. But at the same time, it is not so critical as many Russian users have just moved to other popular and more loyal exchanges such as Bybit, MEXC, OKX, and HTX. So it turns out that Binance has harmed itself by giving some of its audience to competitors.
Binance has acted in this way purely due to political decisions, maybe not made by the company, but due to pressure from one or more governments. These decisions only negatively affect the company, since users have many alternatives to choose from. I think Binance should not act this way, Russian citizens are not guilty of what is happening, there is no need to "punish" them. If Binance closed access to citizens of all countries that have declared war (at any time in history), the company would cease to exist.
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Binance has acted in this way purely due to political decisions, maybe not made by the company, but due to pressure from one or more governments. These decisions only negatively affect the company, since users have many alternatives to choose from. I think Binance should not act this way, Russian citizens are not guilty of what is happening, there is no need to "punish" them. If Binance closed access to citizens of all countries that have declared war (at any time in history), the company would cease to exist.
Of course, this is primarily due to political decisions. It is worth noting that when CZ was CEO, Binance didn't always enforce sanctions against Russian users, but only formally and partially. I guess they did so because they wanted to look like an obedient exchange in the eyes of the regulator, and at the same time, they didn't want to lose part of the audience. It was to be expected that as soon as CZ had problems and was forced to leave the post of CEO, Binance began to make such decisions because now Binance is an exchange that is under the scrutiny of regulators.
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We have expected this to happen or else Binance will face a hard respond from biggest governments in the world as we also knew how and what is the treatment of US and Europe in this country so better to be with the laws or face problems .
Binance limiting is better than totally closing their doors to Russian users.
Yes, at least this is much better than having to have even worse problems. Binance has had enough trouble with the SEC, and they definitely want to get away from similar problems quickly. Binance actually started this restriction a long time ago, but it continues to develop in several restrictions. In mid-2023, Binance also restricted fiat currency to a restriction on the use of Ruble. So, this does make Binance's restrictions on services in Russia quite narrow again. Yes, but once again, it would be better if it was like this, which can still be done, but there are several restrictions that must be understood and carried out.
https://cointelegraph.com/news/binance-fiat-restrictions-for-russian-users
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That Binance's decision to gradually close the door for Russian users does seem unfair. But at the same time, it is not so critical as many Russian users have just moved to other popular and more loyal exchanges such as Bybit, MEXC, OKX, and HTX. So it turns out that Binance has harmed itself by giving some of its audience to competitors.
However, Russian users are also one of the things that have made Binance possible until now.
If Binance makes a decision that will gradually close its doors to Russian users, it would be very unfortunate, because that is not a solution and could result in antipathy from Russian users.
Binance will feel that because there are many alternatives that can be used and could be a replacement for Binance. Haven't his thought about that? Remember, Russia is one of the biggest users, and it will certainly have an impact in the future.
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However, Russian users are also one of the things that have made Binance possible until now.
If Binance makes a decision that will gradually close its doors to Russian users, it would be very unfortunate, because that is not a solution and could result in antipathy from Russian users.
Binance will feel that because there are many alternatives that can be used and could be a replacement for Binance. Haven't his thought about that? Remember, Russia is one of the biggest users, and it will certainly have an impact in the future.
I don't know exactly how many percent of the total Binance audience were Russian users, but I'm guessing around 7-10 percent, which is a pretty significant loss of traffic for the exchange. Anyway, the Binance management most likely weighed all the pros and cons of that decision, and that is why they decided to get rid of Russian users gradually (within a year) instead of immediately.
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However, Russian users are also one of the things that have made Binance possible until now.
If Binance makes a decision that will gradually close its doors to Russian users, it would be very unfortunate, because that is not a solution and could result in antipathy from Russian users.
Binance will feel that because there are many alternatives that can be used and could be a replacement for Binance. Haven't his thought about that? Remember, Russia is one of the biggest users, and it will certainly have an impact in the future.
I don't know exactly how many percent of the total Binance audience were Russian users, but I'm guessing around 7-10 percent, which is a pretty significant loss of traffic for the exchange. Anyway, the Binance management most likely weighed all the pros and cons of that decision, and that is why they decided to get rid of Russian users gradually (within a year) instead of immediately.
but I am sure that Binance management will still think about users from Russia, with a large number, which will certainly influence sooner or later every transaction that is lost and moved to another place.
That's right, it is certain that there will be pros and cons within the management itself, not to mention pressure from the community that cares about this issue. Hopefully there is a solution and it can be resolved in the best way possible before they can look for other alternatives.
*] War always has an impact on everything.
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I don't know exactly how many percent of the total Binance audience were Russian users, but I'm guessing around 7-10 percent, which is a pretty significant loss of traffic for the exchange. Anyway, the Binance management most likely weighed all the pros and cons of that decision, and that is why they decided to get rid of Russian users gradually (within a year) instead of immediately.
Binance is a fairly large exchange, and you, as an ordinary person, will not know how many users are from Russia because this is very sensitive data, and this data is only known by the developers of the Binance exchange and the CEO of Binance. In general, all countries can use the Binance exchange, so it is impossible that users from Russia are only 7–10 percent.
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Someone has wondered why Binance has not imposed limitations on Israeli citizens like it did with Russian citizens?. The answer to that question is the name of a country, the United States. The Biden administration, as is usual in the United States, cannot stand Putin for several reasons as recent history has shown during the last decades, which is why Binance has imposed sanctions on Russian citizens, but there are no limitations on the part of Binance towards Israeli citizens.
CZ can't leave the United States unless something has changed, but I doubt it. We just have to connect some points to know why some do suffer from these limitations and others do not. Everything, once again, is politics.
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I don't know exactly how many percent of the total Binance audience were Russian users, but I'm guessing around 7-10 percent, which is a pretty significant loss of traffic for the exchange. Anyway, the Binance management most likely weighed all the pros and cons of that decision, and that is why they decided to get rid of Russian users gradually (within a year) instead of immediately.
Binance is a fairly large exchange, and you, as an ordinary person, will not know how many users are from Russia because this is very sensitive data, and this data is only known by the developers of the Binance exchange and the CEO of Binance. In general, all countries can use the Binance exchange, so it is impossible that users from Russia are only 7–10 percent.
It is certainly impossible to determine the correct number of users from Russia, and I am not sure that Binance also knows the details because technological developments will be difficult to detect; perhaps we can only estimate from the KYC report if they are carried out. Because it is difficult, they will also be very careful when doing it. Of course, this is something that is not easy to implement with the consequences being taken into consideration.
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It is certainly impossible to determine the correct number of users from Russia, and I am not sure that Binance also knows the details because technological developments will be difficult to detect; perhaps we can only estimate from the KYC report if they are carried out. Because it is difficult, they will also be very careful when doing it. Of course, this is something that is not easy to implement with the consequences being taken into consideration.
Unfortunately not all exchanges require KYC, only for those who have transactions it may be mandatory to carry out KYC, so far there are still some exchanges that do not really require KYC, the Russians have so far been very careful about providing their identity in a website.
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It is certainly impossible to determine the correct number of users from Russia, and I am not sure that Binance also knows the details because technological developments will be difficult to detect; perhaps we can only estimate from the KYC report if they are carried out. Because it is difficult, they will also be very careful when doing it. Of course, this is something that is not easy to implement with the consequences being taken into consideration.
Binance will most likely do its math and impose its per-IP limitations. Although it is also true that many users will use VPN to connect to Binance, doing KYC with legal documents and connecting to the exchange with another country's IP can cause problems for the user. It all depends on the risk that users want to take, but I personally am not going to send my documents to any site that sooner or later may have security problems. I prefer to continue using DEX and not send my coins/tokens to a centralized site that also "punishes" users from one country for political reasons.
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It is certainly impossible to determine the correct number of users from Russia, and I am not sure that Binance also knows the details because technological developments will be difficult to detect; perhaps we can only estimate from the KYC report if they are carried out. Because it is difficult, they will also be very careful when doing it. Of course, this is something that is not easy to implement with the consequences being taken into consideration.
Unfortunately not all exchanges require KYC, only for those who have transactions it may be mandatory to carry out KYC, so far there are still some exchanges that do not really require KYC, the Russians have so far been very careful about providing their identity in a website.
If the Russians were very careful about providing their identity information, it would be difficult to enforce the restrictions imposed by Binance on Russian users.. Even if they detect the IP address, they are also smart and will use VPN to trick them.
So is Binance doing what they want effectively? It's hard to estimate.
But I myself don't like Russian intervention, but also don't like Binance's intervention towards certain citizens for momentary political reasons.
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If the Russians were very careful about providing their identity information, it would be difficult to enforce the restrictions imposed by Binance on Russian users.. Even if they detect the IP address, they are also smart and will use VPN to trick them.
So is Binance doing what they want effectively? It's hard to estimate.
But I myself don't like Russian intervention, but also don't like Binance's intervention towards certain citizens for momentary political reasons.
Usually Binance will pay attention to transactions with very large amounts that enter its exchange, but if they make small transactions and use VPN then it still looks normal and not easy to track, Binance does all this because it wants to avoid risks that could cause losses on its platform .
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Someone has wondered why Binance has not imposed limitations on Israeli citizens like it did with Russian citizens?. The answer to that question is the name of a country, the United States. The Biden administration, as is usual in the United States, cannot stand Putin for several reasons as recent history has shown during the last decades, which is why Binance has imposed sanctions on Russian citizens, but there are no limitations on the part of Binance towards Israeli citizens.
CZ can't leave the United States unless something has changed, but I doubt it. We just have to connect some points to know why some do suffer from these limitations and others do not. Everything, once again, is politics.
Exactly, the US's competitor is Russia, we know very well how the relationship between these two countries is in various fields, even in all fields. And, however, the US, is quite a significant influence on Binance, not only on Binance US but also globally. Even though CZ comes from China, right? However, it is due to limitations in operating it in the country and is even restricted. But indeed, why should it be limited to Russia when if they legalized it it would certainly provide extraordinary profits for Binance, because crypto activists in Russia are really big. Once again, this definitely has something to do with the US, for the security of the exchange platform.
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If the Russians were very careful about providing their identity information, it would be difficult to enforce the restrictions imposed by Binance on Russian users.. Even if they detect the IP address, they are also smart and will use VPN to trick them.
So is Binance doing what they want effectively? It's hard to estimate.
But I myself don't like Russian intervention, but also don't like Binance's intervention towards certain citizens for momentary political reasons.
Usually Binance will pay attention to transactions with very large amounts that enter its exchange, but if they make small transactions and use VPN then it still looks normal and not easy to track, Binance does all this because it wants to avoid risks that could cause losses on its platform .
Indeed, if it is a desire, of course they also have to be, consumed doing what they want to do, but obstacles also cannot be avoided. I think you are right.
Of course, there are many ways they can do to avoid tracking the binance to them,
but they also know how to avoid. Maybe for large transactions there will be tighter supervision than small ones. Binance clearly wants to take them seriously about what will be done and there is always a cause and effect on all this.
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Indeed, if it is a desire, of course they also have to be, consumed doing what they want to do, but obstacles also cannot be avoided. I think you are right.
Of course, there are many ways they can do to avoid tracking the binance to them,
but they also know how to avoid. Maybe for large transactions there will be tighter supervision than small ones. Binance clearly wants to take them seriously about what will be done and there is always a cause and effect on all this.
If the Binance exchange always makes it difficult for its users to trade on its platform, then these traders who have a lot of money will probably leave the Binance exchange. The policies provided by Binance are indeed very good, but if they are too strict it will not be good for the future because it could reduce users on the Binance exchange.
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Exactly, the US's competitor is Russia, we know very well how the relationship between these two countries is in various fields, even in all fields. And, however, the US, is quite a significant influence on Binance, not only on Binance US but also globally. Even though CZ comes from China, right? However, it is due to limitations in operating it in the country and is even restricted. But indeed, why should it be limited to Russia when if they legalized it it would certainly provide extraordinary profits for Binance, because crypto activists in Russia are really big. Once again, this definitely has something to do with the US, for the security of the exchange platform.
Unfortunately, the United States has influence for better or worse throughout the world, that is undeniable. The reason or reasons why the United States does not act with the same forcefulness as it did with Russia is very clear: geopolitical and economic interests as well as military ones. It's funny how careless they are in doing these things since they don't care about being called hypocrites. Binance is tied hand and foot, they can't do whatever they want, if they do something wrong, among other things, they could be shut down from the exchange and licenses, and even imprisoned. Sad, but true.
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Indeed, if it is a desire, of course they also have to be, consumed doing what they want to do, but obstacles also cannot be avoided. I think you are right.
Of course, there are many ways they can do to avoid tracking the binance to them,
but they also know how to avoid. Maybe for large transactions there will be tighter supervision than small ones. Binance clearly wants to take them seriously about what will be done and there is always a cause and effect on all this.
If the Binance exchange always makes it difficult for its users to trade on its platform, then these traders who have a lot of money will probably leave the Binance exchange. The policies provided by Binance are indeed very good, but if they are too strict it will not be good for the future because it could reduce users on the Binance exchange.
Of course, the dilemma that will be faced with Binance. I really agree and really agree with you, that the method used for making things difficult for users will certainly have an impact in the future, because everyone doesn't want what they are doing to get into trouble, not because of a fair policy.
Even though they may be right in saying that this policy can be said to be very good, they must also think about the impact it will have on other users, because they may not be comfortable with this treatment.
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Indeed, if it is a desire, of course they also have to be, consumed doing what they want to do, but obstacles also cannot be avoided. I think you are right.
Of course, there are many ways they can do to avoid tracking the binance to them,
but they also know how to avoid. Maybe for large transactions there will be tighter supervision than small ones. Binance clearly wants to take them seriously about what will be done and there is always a cause and effect on all this.
If the Binance exchange always makes it difficult for its users to trade on its platform, then these traders who have a lot of money will probably leave the Binance exchange. The policies provided by Binance are indeed very good, but if they are too strict it will not be good for the future because it could reduce users on the Binance exchange.
Of course, the dilemma that will be faced with Binance. I really agree and really agree with you, that the method used for making things difficult for users will certainly have an impact in the future, because everyone doesn't want what they are doing to get into trouble, not because of a fair policy.
Even though they may be right in saying that this policy can be said to be very good, they must also think about the impact it will have on other users, because they may not be comfortable with this treatment.
If users are persuaded they will switch to another exchange, that is definitely what will happen. Binance should not make things difficult for users because currently many other exchanges offer convenience.
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If users are persuaded they will switch to another exchange, that is definitely what will happen. Binance should not make things difficult for users because currently many other exchanges offer convenience.
Binance will not lack users because so far only the Binance exchange has a very high demand, Binance has its own policy to keep the exchange safe from some individuals who do have the goal of demolishing Binance.
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Binance will not lack users because so far only the Binance exchange has a very high demand, Binance has its own policy to keep the exchange safe from some individuals who do have the goal of demolishing Binance.
Making certain decisions, such as listening (and obeying) certain governments to limit services to citizens of some countries, can demolish Binance from within, due to maybe incorrect decisions. It is true that Binance has the largest volume, but let us remember that CZ had to step aside so that the problems did not become bigger and more serious.
In the history of cryptocurrencies we have seen exchanges that seemed "untouchable" by market volume. But one after another they have fallen. Binance, one day and for various reasons, may be next. Preventing or making it difficult for the citizens of a country (any country) to use the services of an exchange for political reasons is not just an example of how rotten the world is. It is a sign of servility.
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Indeed, if it is a desire, of course they also have to be, consumed doing what they want to do, but obstacles also cannot be avoided. I think you are right.
Of course, there are many ways they can do to avoid tracking the binance to them,
but they also know how to avoid. Maybe for large transactions there will be tighter supervision than small ones. Binance clearly wants to take them seriously about what will be done and there is always a cause and effect on all this.
If the Binance exchange always makes it difficult for its users to trade on its platform, then these traders who have a lot of money will probably leave the Binance exchange. The policies provided by Binance are indeed very good, but if they are too strict it will not be good for the future because it could reduce users on the Binance exchange.
Of course, the dilemma that will be faced with Binance. I really agree and really agree with you, that the method used for making things difficult for users will certainly have an impact in the future, because everyone doesn't want what they are doing to get into trouble, not because of a fair policy.
Even though they may be right in saying that this policy can be said to be very good, they must also think about the impact it will have on other users, because they may not be comfortable with this treatment.
If users are persuaded they will switch to another exchange, that is definitely what will happen. Binance should not make things difficult for users because currently many other exchanges offer convenience.
Competition will continue to grow and this cannot be avoided. Therefore, users must be able to ensure that they do not look elsewhere. If this happens, then it is certain that there will be problems in the future. Making things difficult for users is certainly not good, especially because the demands are not in accordance with the values of what they have been doing by discriminating against other users. Of course, that is not appropriate. Everyone should be treated equally and without exception, whatever situation occurs.
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If users are persuaded they will switch to another exchange, that is definitely what will happen. Binance should not make things difficult for users because currently many other exchanges offer convenience.
Competition will continue to grow and this cannot be avoided. Therefore, users must be able to ensure that they do not look elsewhere. If this happens, then it is certain that there will be problems in the future. Making things difficult for users is certainly not good, especially because the demands are not in accordance with the values of what they have been doing by discriminating against other users. Of course, that is not appropriate. Everyone should be treated equally and without exception, whatever situation occurs.
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I agree with you, all users should be treated equally and fairly. because everyone has the right to do so. Binance can restrict suspicious accounts, but not all accounts are suspect. because the majority of Binance users are people who want to invest and trade there, not criminals. If there are, only a few people and not all of them
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I agree with you, all users should be treated equally and fairly. because everyone has the right to do so. Binance can restrict suspicious accounts, but not all accounts are suspect. because the majority of Binance users are people who want to invest and trade there, not criminals. If there are, only a few people and not all of them
Unfortunately, Binance has a policy that we must follow when we trade on its platform. Usually they will take action for those who make transactions with very large amounts, criminals or not, the exchange cannot even detect it, because we as users can fake the identity we use.
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Unfortunately, Binance has a policy that we must follow when we trade on its platform. Usually they will take action for those who make transactions with very large amounts, criminals or not, the exchange cannot even detect it, because we as users can fake the identity we use.
It is true that users can use fake identities on Binance (and any other centralized exchanges), but with many limitations, and that can be a problem over time. Users can use various VPNs and proxy servers to hide their true IP, but doing so is the beginning of the problem. Exchanges may (at any time) modify their official TOS and increase KYC/AML requirements, requiring users to take photographs with their ID, videos or any other type of documentation, such as telephone bills, to know in which country that user really lives. Users could falsify that documentation, but that would be a crime.