Post
Topic
Board Beginners & Help
Re: People hate what they don't understand.
by
Zain Tariq
on 04/03/2022, 04:33:07 UTC
I see that some people are going after binance and other big exchanges for still supporting Russian people, the thing is these big exchanges understand what crypto is more than the accusers, you can't just expect the exchanges to block off or freeze Russian people's accounts.

Crypto is generally for the PEOPLE.

Crypto is FREEDOM.
Binance announced on Monday that it will block the accounts of sanctioned Russians, but will not "unilaterally" freeze the accounts of all Russian users.

The remarks came after Ukraine's vice prime minister demanded that all Russian user accounts be blocked on major cryptocurrency exchanges.

A representative for Binance, the world's largest cryptocurrency exchange, told CNBC, "We are not going to unilaterally suspend millions of innocent individuals' accounts."

"Crypto is designed to provide people all across the world more financial freedom. To decide unilaterally to deny people access to their crypto would be a direct violation of the purpose of crypto."