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Crypto Exchanges / Re: Crypto Exchange Ethics: BingX defiles US and DOJ standing order.
« on: April 14, 2024, 01:04:18 PM »~ it's quite disheartening to wake up to news that BingX, a notable crypto exchange is still providing crypto service to Iranian despite US sanction not to allow the region have access to crypto due to varying factors like terrorist financing and purchase of weapon and firearms via crypto payment.It's currently ranked 25 on Coingecko and I hardly consider that as notable. I only found out about the exchange because of this post. Having said that, it looks like they do not have any office in the United States.QuoteBingX is an international digital services financial institution, with branch offices in Asia, Oceania, Europe, and South America. BingX has also registered or obtained regulatory approval to operate in other countries where it provides its services or carries on any form of business.
No wonder they ignore any US sanctions. They should be more concerned with EU and Australia.
Not having office in the United State doesn’t mean they should sponsor terrorism. Regardless of where ever they belong, cryptocurrency shouldn’t be use to sponsor terrorism.