Topic: Binance donates $10 million to support Ukraine (UPD: and sanctions Russians!) (Read 1080 times)

To be sure, the actions of the Putin regime related to the military invasion of Ukraine have significantly weakened the pro-Russian position in Ukraine. Russia launched an invasion of Ukraine under the pretext of protecting the Russian-speaking population in Ukraine, but now in the east and south of Ukraine it is mass-killing the Russian-speaking civilian population and destroying entire settlements with civilian infrastructure. This is just in favor of no one wanting the "Russian world" anymore. From now on, Russians in Ukraine will be perceived only as murderers, robbers and rapists. Already now, during the war, much is being done in Ukraine to ensure that there is nothing Russian and Soviet. Putin got the exact opposite effect.

This is big news in Crypto Industry. Now A days Binance is the Crypto Exchange in The world

People who call this racism are people who support Russia killing Ukrainians and there is nothing else to it. If you think that freezing accounts of Russians would be a racist move that is hatred towards Russians, you think that what Russia did to Ukraine is acceptable and understandable and that means you should not be listened to anyway and you are a bad person.

Ignore anyone who says this is racist, Russia deserves to be blocked from everywhere, binance, coinbase, any crypto, fiat or whatever world, get every single asset they ever owned, why? Because they deserved it by attacking a foreign nation and trying to take lands from them by killing tens of thousands, and causing millions to relocate.

Hey everyone! Given that this is a discussion about Binance and its actions regarding the Russian war against Ukraine, I decided to share here the most recent news in this direction, instead of making a new thread. Today, Binance published changes concerning Russian users: those who have more than 10,000 EUR in their accounts will be restricted, given 90 days to close out positions. Others can trade as usual. The report is available here: https://www.binance.com/en/support/announcement/4887e569afdf4b1e89e024371d3a49b9.
I think it's a very sensible decision, that both limits big flows of money and thus the risk of this money being used to finance the government which, in turn, finances war crimes, but also allows casual traders in Russia, who are probably just regular citizens, to carry on.

Exchange platforms are businesses which its understandable that they would really be hesitating on giving out donation or charitable acts but as part of exposure and good impressions then Binance
did really risk on that which the public or community did really end up on having positive impressions towards their actions which it is really a worth step for them to be done because
it would really give out that kind of chance or probability that their business would stood still for long since demand and recognition would really be there.

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that's true bro, blocking accounts in countries where aggression occurs, maybe I just heard about it. As for some countries that are banned because there has been confirmation from officials and high-ranking officials of the country not to support and provide exchanges for their citizens. And it's purely not because of conflict only because of the government's policy. Yamb, in my opinion, the regulation does not make sense for its citizens.
especially what happened in Russia, we know Russia is a country that adopts bitcoin/cryptocurency and is legal. If Binance limits the movement and scope of users in that country, there may still be other exchanges that are very open to embrace.
Hopefully outside of Binance there will continue to be people who care and have empathy for what is happening on our planet, I think Binance is a good role model.

Actually, they disagreed to block all Russians not as much out of sympathy, but out of legislative considerations. Early on, it was explained by Binance CEO that they are not sure if it's even legal to freeze accounts of all Russians, and that they will do it if sanctions recommend it. And it's not racism at all, it's just called collective responsibility. If you're a citizen of a certain country, and this country, using your taxpayer's money, is committing terrible crimes, you are supposed to do something about it. Also, you're saying 'no one wants war' but did you look at Putin's approval ratings? They're very high, at around 80%, and this data comes both from independent researchers and from state ones, so it's most likely true. That being said, even though I'm Ukrainian, I wouldn't insist on blocking all Russian accounts.

In fact, great appreciation for Binance even though they have donated to help civilians. As said by colleagues @mehedi72, binance is quite sympathetic is not blocking all Russian residents' accounts, because it is clear this action that is also not supposed to be done, because Crypto is for all people by not distinguishing the tribe / race / religion / and not brought to practical politics .
No one wants to war but all of that is a government policy, the civil society should not be given sanctions by blocking and binance has been fair.

There are others Exchanges too that can afford donation but they didn’t. Thus binance prove that, they are not only number 1 exchange, but also number 1 in charity field too. And yeah, It'll be great if others also come ahead. Even It's wise as well as appreciable they don't block accounts of russian people cause those people haven’t done anything wrong. They aren’t totally connected, so they don't deserve their account blocking or restricted trade from binance. Thats such a good decision by binance ceo

When the war is over, and if they end up winning the way they want to without losing land, they could actually build a better nation out of this. Look at Germany, they were torn apart in the second world war and they had such a horrible situation, what ended up being their horrible demise, ended up being one of the leading nations of Europe right now.

Doesn't mean that we shouldn't recognize all the suffering they are living right now, but the fact that a country that was not really known too much aside from a few small bits by the whole world, got the attention of everyone and out of this war is a great path if they could handle it. Obviously corruption will mean a lot, if they get so much money but it goes to corrupted people then it will be terrible.

Now that we are on a war crisis then it do really shows that Crypto could really have that role in terms of fund support which we have seen on how people been donating to UK.
This would indeed changed up some peoples impression about its actual usage as a digital currency which could really be relied on on the time that we are needing.
Unlike on making out some steps when you are dealing with fiat which someone could really be detected and known on whose been doing those transactions
and this isnt the case we do have here on cryptospace.

yes indeed from year to year there have been developments in the crypto world, even in the last few years the bad view slowly faded after crypto became a necessity, even legal tenders in several countries.
I remember well that some places of worship receive charitable services from cryptocurrencies. It's generally good because of the convenience and privacy.
especially when it comes to binance, this exchange is different from others. In terms of security, various investments have even participated in disasters and disasters or people who need help, in my opinion, binance is more like virtual embedded banking (because it is far from my country) and I don't think there is any reason. for certain people/groups to criticize cryptocurrencies with one eye, I'm sure they just don't understand and they don't take the time to learn. Binance is someone to emulate.

Binance has done the right way to help Ukraine. It doesn't only for humanity's purpose, but it also opens the eyes of each person in the world about the importance of crypto coins. I believe with this action, people won't change their mindset about the bad impacts of crypto coins. They will realize that crypto coins have had a big role in this world.

I am also fully confident that the next few generations of Ukrainians who have seen the current atrocities of Russian soldiers who tortured and shot civilians for being Ukrainians will no longer be able to relate well to the Russian people as a whole. This is not forgiven. The Russian military showed themselves in Ukraine to the civilian population much worse than even the Nazis. Therefore, already now in Ukraine there is a growing movement for the rejection of everything Russian: their culture, language, monuments, names of cities and streets that are somehow connected with the aggressor country.
Putin made a strategic mistake. He will not be able to subdue the Ukrainians, and the current displayed cruelty will finally separate these two peoples. Over time, having joined the European Union, the people of Ukraine will no longer want to look in the direction of Russia if it has not yet fallen to pieces by then.

You should not compare investment and philanthropy, it has nothing to do with each other. To be honest, Binance has no obligation to support or give charity to Ukraine, it comes from human benevolence and charity is arbitrary and should not be requested.

Money they earn is because they work hard and keep trying, to get it they have to trade with sweat, tears, even blood. Like you, you are where you are today because you have done things that others have never done. when you earn money do you need someone to show you how to spend money?.

I heard a phrase which I really liked, it's that Russian global politics is based on national insecurity. So basically, Russia assumes that it, the largest country in the world and the largest nuclear power in the world, will be invaded by its neighbors if its borders aren't militarized enough and if its neighbors have the technical capability to invade it. But that's not how the 21st century world works! It's actually Russia that keeps invading other countries over alleged concerns around its own safety (Moldova, Georgia, Ukraine in 2014 and in 2022), while not facing any real threat. Ukraine did not invade and never intended to invade Russia, and neither do any other countries on Russia's Western borders. And Ukraine just has a right to exist, you know, and live its own life, but Russia doesn't think so.
Also, Vitalik donated $5 million worth of Ethereum to help Ukraine, by the way.

Actually, the funds are not going to the government, as the government would surely spend at least some of it on weapons, and Binance only supports the humanitarian cause. That being said, they did donate to Palianytsia, and this organization's website says all profits go to the Ukrainian Army It's funny how earlier donations say 'humanitarian aid', but the most recent ones do not.
I'm also glad to see that the International Committee of the Red Cross is not on the list, though, as after their solicitation with deportations of people from Ukraine and intentions to open a center to deal with Ukrainian refugees in Russia, Ukraine is asking people not to donate money to them.

I see also that this has generated alot of discussion across the globe and even on the forum here, on the occasion of Russia invassion of Ukraine and how bitcoin have saved Russian economy and Ukrainian and the government receiving donations in bitcoin, Russians seeking to byepass sanction through bitcoin investment, donations in bitcoin and we could see to how these donations to Ukraine were effectively utilized for the supply of amunitions against Russia. Bitcoin has played a vital role on the two countries ever since the war begins and the event of this invasion couldn't be completed without mentioning the parts bitcoin has played on both sides.

Nice advice from Vitalik on giving donations, being slow and vigilant. With scams everywhere, one just have to not be hasty in there bid to give aid no matter how pressing you might feel it is and for there not to be regrets.

Well, its preeminent that Ukraine has suffered a lot from this war but, theyvare also getting a lot out of it too and the need to defend once country n the part of the Russains is being over looked. War could have several sides to it and not being on the part of the west makes you the enemy!

I wish there was never a course for war or even a war at all but, with cryptocurrency playing a part in this war raises hope on its acceptance.

Whoever it would be, he has some eyes on him because charity funds should be transparent so that the donators are at ease about their donations because we already know how people turn into something you don't expect when they see lots of money in front of them. Hope it will reach the victims and they will gonna be evacuated with the help of that money to be safe in that senseless war. Binance is making some big steps to push the others by helping Ukraine, it would be good for the others to donate as well to rush the evacuation as soon as possible.

I feel part of an investor on the Binance Exchange, because Binance is very active in humanitarian assistance for all people regardless of religion, ethnicity and culture. I will fully support for humanitarian aid around the world.