Re: Binance is refusing to block Russian customer's crypto wallets.

Quote from: QuickAccount on March 01, 2022, 09:55:05 PM

Source: https://www.cnbc.com/2022/02/28/binance-will-not-block-russian-accounts-after-ukraine-request.html

Binance is refusing to lock account belonging to Russian customer's, what is your take on this? I believe that this might be a better move due to Russian Citizens that don't desire war still being able to move their Roubles to crypto for safe storage.

If Binance does it, the whole purpose of cryptos will be defeated. Crypto is supposed to provide us with an unrestricted access to our wealth. If Binance blocks access of a particular country, it will earn them a bad reputation.

I am sure Russian common population do not want war so they should not be the sufferers. Also CZ is a Chinese person by origin and China is one of the biggest supporters of Russia. That might be another reason for not taking any action.