Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is bigger than the government reason my Gov tried to blackmail bitcoin
by
dzungmobile
on 19/10/2023, 05:32:40 UTC
The article I found Israel request Binance to freeze the accounts that linked with Hamas, so this isn't Israel ban Bitcoin, it's Binance did that and nothing surprise the centralized exchange will do anything to agree with the regulation.
Challenge for them is how to know all Hamas members and their accounts on Binance. Freezing accounts of terrorists is a good activity anywhere on Earth. But why do they need to ask it now if KYC on Binance works at the first place.

KYC serves for AML (Anti Money Laundering) so if Israel government asked Binance to do this now, it means KYC does not work for AML before this abnormal and urgent request.

Why KYC is extremely dangerous - and useless. Again that thread shows its meanings.