Binance Exchange will Block Users From the United States and 28 Other Countries
The director of the company Changpeng Zhao hurried to reassure traders. On June 2, he posted a message to Twitter stating that access would be limited to the centralized Binance exchange, and not to Binance DEX.
Starting next month, Binance's 'decentralized' exchange will start geo-blocking 29 countries including the USA. Of course, this will be possible to circumvent fairly easily through a VPN but just goes to show that it's a non-custodial exchange (so far?) - not decentralized. pic.twitter.com/laaJrMIQf0— Larry Cermak (@lawmaster) 1 июня 2019 г.
According to him, the peering platform is technically not capable of blocking people by geolocation. We want to remind you: https://thecoinshark.net/binance-users-lost-their-money-due-to-lag-with-trade-settlement-and-balance-syncing/
The messages being passed is wrong. https://t.co/VtrSxEaW22 (the website) blocks certain countries; DEX (the blockchain) does not, it can't. And there are plenty of wallets support trading on DEX directly. Website ≠ Blockchain. 😂😂😂— CZ Binance (@cz_binance) 3 июня 2019 г.