Quote from: The Pharmacist on Today at 02:36:22 PM

Try to see it from their point of view. They can either comply with regulators--who are all going to require KYC from businesses that deal with money--or they can operate outside the law and eventually go out of business altogether. What would you have them do?

Believe me, I don't like KYC requirements any more than you do and I wouldn't use Binance even if I could (I'm in a restricted state). But all centralized exchanges are moving toward becoming compliant with government regulations, whether we like it or not.

I understand it all. This is not the point. The point is that you should not rely on the terms that the exchange gives users to close positions and withdraw funds. They can shrink easily. Also, do not forget about the forced closure of positions by the Binance exchange. Was that already? Of course. I would boldly divide these terms into 2, or maybe more.

Also, do not forget the user agreement of the exchange:

Quote from: SFR10 on Today at 11:25:02 AM

Quote from: https://www.binance.com/en/support/announcement/51bf294e26324211a4731ca998e110ca
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.