Topic: Black List of crypto exchanges! (BANS and confiscation) (Read 341 times)

They have implemented the EU sanctions over Russia amid the war crisis and have limited the Russian Binance user to deposit or trade over €10000 and they can only withdraw the amounts.Although if you are residing outside the Russia being it's citizens and Binance user you will have to verify your proof of address with them.

That's the thing people are not realising the risk associated with storing your coins on these centralised platforms which act as central authoritative chain asking for full documentation and KYC from you first of all then can restrict you from making transactions with your funds only.They already are in possession of your keys and having third party outsourcing for saving the data whose data can be compromised anytime and hacks happen this way stealing whole lot of funds and you can't do anything as you have agreed to their T&C beforehand.

Calling them fiat extension chain is absolutely correct because they are acting same like them or even worse with your keys lying with them giving them full ownership of your funds.These restrictions are not new and recently we have seen Coinbase also imposing restrictions for Canada users for transactions worth $1000 above only and have to fill out the recipient extra details like exposing yourself full to them.

The problem is people are not waking up to these alarming calls which is why CZ,Brian and others have climbed up to the Forbes list with billions dollars of networth in such short time span.You need to have your funds in hardware wallets with keys on offline storage with backup so as your fund lies with you and security perspective remains uncompromised.

People need to realize that centralized exchanges are fiat institutions which happen to interact with bitcoin, and not a bitcoin service which happens to also handle some fiat. As fiat institutions, they are an extension of the fiat system and, by proxy, an extension of the government which owns and operates that fiat system. Any coins left on a fiat exchange are not yours. If you hold your bitcoin on an exchange, then you don't own any bitcoin. All you own is a promise; a promise that can be revoked without warning and at any time.

I discussed this a few weeks ago here: Recent events should make everyone withdraw all their coins to their own wallets. If this kind of thing isn't a wake up call to everyone to get your coins in to your own wallet, then I don't know what will be, and you really have no one left to blame when you lose everything to another centralized exchanges restricting or locking your account.

Or maybe  it's more about them sucking up to the authorities rather than being blackmailed and having to do all these things. Who knows what they also do plan to do so the wanna stay on  government's good side, just in case. They are spreading into everything so for them regulation is not necessarily a bad thing at all as it will mean more money for them in the long run. You can say many things about CZ, but you can't say that he lacks ambition.


Binance is far worse than any bank, no questions about it.

I don't see any point of making such Black List of exchanges, and even less I don't think you are touching anyone with your alleged ''shaming'' of exchanges.
Binance is pure definition for succumbiness.

I think that CZ and Binance are acting like they are blackmailed for some time, maybe they could lose license if they don't follow exact directive from someone.
First it was total reducing limits and them removal of trading without kyc, now they are slowly limiting users on different things, next thing will be confiscating funds and banning accounts.
This isn't different at all from central banks, if not even worse because people say Binance is safu 

Hm I am not sure that I follow, did CZ say something completely different to what happened now? I mean in the last few days.


Hah yeah, it was definitely expected. And not he doesn't have issues following regulations closely but he is at the forefront of it. If anything, I hope stuff like this make people realize not to store their crypto on centralized exchanges, no matter how "reputable" they are.

 

I just love the crypto world, this habit of ruining people's predictions in 24 hours or going 180 degrees just after something was announced as well as this one, for example, you can't say life is boring in crypto.

But what does this even mean,

ok,go it..
How can be these restricted even further?

Anyhow, how long has it taken for CZ to cave in? One week?
From the guy that said once Binance needs no country to reside in and no license to operate he seems quite eager to follow legislation lately.

New restrictions for Russian Binance users if they have over 10,000 euro worth of crypto deposited there.

Oh, the evil globalist.
How about you do one thing if you're against globalism, trade only with your own currency in your own national exchange and don't go global?
It's their companies, a private business and they can act how they want, you can't force somebody to make business with you just because you're "innocent".

And now for the cold shower on your dream of the blacklist and stigmatized honor, you know why nobody will give a damn about this?
Because you yourself didn't give a damn before on how those exchanges are banning other countries, you haven't stated atopic about how every banned country find itself on one of that list, you didn't give a damn till your own personal finances took a hit, this is the real world and the way it works right now.
And why should some users praise Binance for not banning Russian accounts when Binance restricted bank transfers from Nigeria?
Have you protested then, no, you didn't care! And much to your surprise, 99.9% of the world won't care about your issue either.


The very essence of crypto is not your keys not your coins and the removal of the third party in a transaction, what you're doing using a cex is against the very essence of bitcoin.  

It's as if these exchanges are acting all by themselves. They're probably not. They're probably under pressure. They're probably just following orders. What is at stake is perhaps their license.

It's as if those exchanges that decided not to impose restrictions on Russian users are good Samaritans and are thinking of protecting the rights and welfare of ordinary Russians. They're probably just after the profit. Or perhaps they, too, are under pressure.

It's as if KuCoin and Binance are not complying with legal demands to sanction Russian individuals. They are.

I don’t know english language at a conversational level, so I translated it with the help of a translator, but I’m too lazy to proofread the text and look for possible lexical errors, so the original in russian will be at the bottom to avoid misunderstandings.

Do you have the mindset of an eighth grader?

Your reasoning is very stupid. Are you saying that the pressure on ordinary people who are innocent of anything should be maximum, because they are the only ones who can stop putin?

Are you fool? Don't you understand how this happens? This is what happens during a bloody revolution. What do you think, that the criminal putin will give up power so easily? Look at the example of Belarus. There, the same criminal and murderer sat down in the government.

Answer my question. How can ordinary people dismiss putin's criminal? There is only one answer here, and this answer is the only one - to arrange a revolution.

Now ask yourself. Here lives a middle-aged man, he has a wife, three children, he works poorly and lives at an average level. Are you suggesting that he go against putin's criminal government? Are you suggesting that he gather people and organize rallies to overthrow the criminal putin? Are you suggesting this? He will be declared an extremist and imprisoned for 20 years without trial or investigation. And if there is a trial, it will be just as criminal, there is no justice in putin's courts, they will do as putin's criminals say. There is no freedom of speech and expression in putin's Russia.

And now carefully consider everything and understand that influencing ordinary people will not help in any way to overthrow the criminal putin.

There is only one possibility, when the People can do something, and this is the time of political elections... which are totally falsified in the criminal putin's Russia.

So throw off the illusion that the people in Russia can do something. We can't do anything for ourselves. In addition, in putin's Russia there are many stupid people who have been brainwashed since kindergarten. The criminal putin spends hundreds of billions of dollars annually on propaganda. The Russian people have a lot of money...which putin's criminals successfully plunder. It is against them that personal sanctions should be applied to the maximum. All real estate and assets of putin's deputies must not only be arrested, but also completely confiscated with alienation and sale.

Explain to me why Europe is so toothless and spineless, incapable of anything? Why doesn't she completely confiscate the property of putin's deputies and oligarchs and all their relatives. That's who you should have questions and complaints in the first place. To a Europe that does not confiscate their property. It must be, in violation of all laws (in time of war, no laws apply), confiscated and sold.


Don't write to me anymore, don't answer me anymore. I doubt your ability to think logically and reflect. You write very stupid things, I do not want to waste time discussing with you.



Original text in russian language:

У тeбя мышлeниe шкoльникa вocьмиклaccникa?

Tвoи paccyждeния oчeнь глyпыe. Tы гoвopишь, чтo дaвлeниe нa oбычныx людeй ни в чём нeвинoвaтыx дoлжнo быть мaкcимaльным, пoтoмy чтo oни eдинcтвeнныe, ктo мoжeт ocтaнoвить пyтинa?

Tы чтo глyппый? Tы нe пoнимaeшь, кaким oбpaзoм пpoиcxoдит тaкoe? Taкoe пpoиcxoдит в xoдe кpoвaвoй peвoлюции. Tы чтo дyмaeшь, чтo пpecтyпник пyтин тaк пpocтo oтдacт влacть? Пocмoтpи нa пpимep Бeлopycии. Taм тaкoй жe пpecтyпник и yбийцa зaceл в пpaвитeльcтвe.

Oтвeть мнe нa вoпpoc. Кaким oбpaзoм пpocтoй нapoд мoжeт oтпpaвить в oтcтaвкy пpecтyпникa пyтинa? Oтвeт тyт тoлькo oдин и oтвeт этoт eдинcтвeнный – ycтpoить peвoлюцию.

A тeпepь cпpocи ceбя. Boт живёт мyжчинa cpeдниx лeт, y нeгo жeнa, тpoe дeтeй, oн xyдo бeднo paбoтaeт и живёт нa cpeднeм ypoвнe. Tы пpeдлaгaeшь eмy выйти пpoтив пpecтyпнoй пyтинcкoй влacти? Tы пpeдлaгaeшь eмy coбиpaть нapoд и opгaнизoвывaть митинги зa cвepжeниe пpecтyпникa пyтинa? Tы этo пpeдлaгaeшь? Eгo oбъявят экcтpeмиcтoм и пocaдят нa 20 лeт бeз cyдa и cлeдcтвия. A ecли cyд и бyдeт, тo oн тaкoй жe пpecтyпный, в пyтинcкиx cyдax нeт cпpaвeдливocти, тaм cдeлaют тaк кaк cкaжyт пyтинcкиe пpecтyпники. B пyтинcкoй EДpoccии нeт cвoбoды cлoвa и выpaжeния.

A тeпepь внимaтeльнo вcё oбдyмaй и пoйми, чтo вoздeйcтвия нa пpocтыx oбывaтeлeй никaк нe пoмoгyт cвepжeнию пpecтyпникa пyтинa.

Ecть лишь oднa вoзмoжнocть, кoгдa Hapoд чтo-тo и мoжeт cдeлaть и этo вpeмя пoлитичecкиx выбopoв... кoтopыe в пpecтyпнoй пyтинcкoй EДpoccии тoтaльнo фaльcифициpyютcя.

Taк чтo cбpocь c ceбя иллюзии пo пoвoдy тoгo, чтo  нapoд в EДpoccии чтo-тo мoжeт cдeлaть. Mы для ceбя ничeгo нe мoжeм cдeлaть. К тoмy жe в пyтинcкoй poccии ecть нeмaлo тyпыx людeй, кoтopым c дeтcкoгo caдa пpoмывaют мoзги. Пpecтyпник пyтин тpaтит нa пpoпaгaндy coтни миллиapдoв дoллapoв eжeгoднo. У poccийcкoгo нapoдa oчeнь мнoгo дeнeг... кoтopыe пpecтyпники пyтинa ycпeшнo paзвopoвывaют. Boт пpoтив ниx и нyжнo пo мaкcимyмy пpимeнять пepcoнaльныe caнкции. Bcю нeдвижимocть и aктивы пyтинcкиx дeпyтaтoв нyжнo нe пpocтo apecтoвaть, нo и пoлнocтью кoнфиcкoвaть c oтчyждeниeм и пpoдaжeй.

Oбъяcни мнe пoчeмy Eвpoпa тaкaя бeззyбaя и бeзxpeбeтнaя ни нa чтo нe cпocoбнaя? Пoчeмy oнa пoлнocтью нe кoнфиcкyeт имyщecтвo пyтинcкиx дeпyтaтoв и oлигapxoв и вcex иx poдcтвeнникoв. Boт к кoмy y тeбя дoлжны быть в пepвyю oчepeдь вoпpocы и пpeтeнзии. К eвpoпe, кoтopaя нe кoнфиcкyeт иx имyщecтвo. Oнo дoлжнo быть, в нapyшeниe вcex зaкoнoв (вo вpeмя вoйны никaкиe зaкoны нe дeйcтвyют), кoнфиcкoвaнo и пpoдaнo.

Some of us also have several bans and black listings from a number of exchanges and casinos for years. Does that mean we blacklist and stigmatize them too, or only Russian traders are special?

A war brought by your country is killing innocent civilians of another country but your main concern is exchanges trying to sanction your Country so that the killings stop. Why don't you begin by blacklisting and stigmatizing  your rulers who seem to be senseless

I haven't heard anything about the crypto exchanges mentioned in your "black list"(except Coinbase and Kraken,of course).
Unfortunately,many small crypto exchanges would use the sanctions against Russia as a "justification" for them to scam and steal coins from a part of their customers.This is despicable and it must be punished.
Anyway,you are kinda wrong about the "the very essence of the cryptosphere".A crypto exchange is a private company,which has to obey to the laws and regulations of the country,in which it is located.
When the government officials ask the exchanges to block certain accounts,the exchanges can't say NO,so putting the blame on the crypto exchanges is stupid.
Every exchange has it's own Terms of service.When you register an account and deposit coins,this means that you agree to their Terms of Service.
"Not your keys,not your coins"

While good advice, the caveat with this is that there are plenty of exchanges out there which will let you open an account, complete KYC, deposit funds, trade those funds back and forth multiple times on multiple markets, all without issue, but the second you try to remove those funds from their platform is when they hit you with account suspensions or investigations or other such crap. While everyone should get their funds off centralized exchanges whenever they are not being actively traded, the only way ensure the safety of your coins is to never let a centralized exchange hold them at all.

There are plenty of DEXs on which you can trade fiat for bitcoin and vice versa. Bisq is the best example.

I'll try my best!

blacklist ?

I just have one question:

how do you think governments should stop this war? should all countries in the world or nato also join together and destroy russia completely and kill many innocent russian civilians? Not! it would only bring more pain!

That's why governments are smothering the Russian government with sanctions for people like you to pressure your government to change because the only people who can really change anything are the Russian people pressing and changing the current government. But when you don't collaborate and stay here on the forum talking about the blacklist of exchanges that are collaborating with governments, that's not helping




Something unbelievable, if these exchanges don't respect government decisions then why do they keep asking for KYC? what is the point of exchanges not even following any government recommendation asking for KYC? why does Binance ask for KYC?

Did these exchanges limit their services to Russian customers or did they confiscate their funds? There is a big difference.
Besides, I would rather stigmatize companies that support the Putin regime rather than stigmatize companies that oppose open aggression against an entire nation.

---

That's a great list. I hope you update it regularly.  

What do you think the essence of it is? If you want to trade anything to do with foat money you will end up with CEXes following regulations. That's how real world works. If you want to be crypto anarchist, use dexes, don't use fiat money at all. But even if you do that and manage to buy with using only cryptos you can only buy so much before officials want to know where you got the money for it.

If i was a Russian right now, i most certainly avoid every CEX out there for few years now and keep everything in my wallet and not use anything.

When I saw the title of this topic, I had exactly this thought. I fully agree with o_e_l_e_o's opinion and I think that any user of centralized exchanger should be aware of this. Any exchanger can confiscate your money at any time (at the most inopportune time) under the guise of some ridiculous excuses and there is nothing you can do about it. Why? Because your funds are in their hands and they have power over your wallet. The only way to win in this situation is not to give centralized exchanger's a single cent.

I can agree with you. And sometimes, they will require you to complete KYC even if you are not exceeding their limits because their system says that they noticed unusual activities like changing IPs. Of course, if you are using dynamic IP, definitely they will receive different IP addresses. Unless, you can afford to subscribe to static IPs. So yes, all CEXs have the capability to freeze your account. To lessen possible damage, better secure your funds in your own wallet. Once you finished trading, store your funds in your own wallet.

You need to understand that every centralized exchanges has the motive to make profits and that's why they initiated such services for an exchange while some heartless ones among them still go beyond that into to scam users in disguise, i want to assure you that it will be difficult for you to know the good ones from the bad ones because even the ones you think are the good ones are taking advantage of you in many ways you may not know, so why not go on a safe mode by having decentralized exchange.

Even if it is not 80%, not every survey, even outside Russia, can be Putin's propaganda. The fact is that the vast majority of the 150 million people see nothing wrong with their country doing aggression against another country, and remember what it was like in our country in 1991 - is there a difference in the minds of the people who started the bloody war then and now with the aim of occupation and ethnic cleansing?

Here is a survey of 3000 Russians that shows how they think when asked a direct question and how they react when asked differently.

https://blogs.lse.ac.uk/europpblog/2022/04/06/do-russians-tell-the-truth-when-they-say-they-support-the-war-in-ukraine-evidence-from-a-list-experiment/