Yugocean
Valued Contributor
Binance has teamed up with Kharon and Netarium to tighten its KYC controls.
With their superior technology, data analytics business Kharon and cloud-native screening service Netarium will augment Binance's existing screening rules.
The allegation is that this is being done to protect crypto exchanges from potential hazards; however, these risks appear to be more likely the product of political pressure.
The underlying goal of this new oversight is to make sure that limits imposed by authorities around the world are followed.
Russia is an example, CZ was reluctant to put sanctions on Russians at first, but he gradually curtailed Binance's services to Russian citizen due to European pressure.
This stance of Binance may not be popular with everyone, since it implies that Binance would submit to governmental authority and abandon the primary basis of cryptocurrency, "economic independence."
Those who submit to political pressure are either forced to participate in politics or are already in command. Only time will tell whether the tightening of limitations benefits or hurts Binance.
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With their superior technology, data analytics business Kharon and cloud-native screening service Netarium will augment Binance's existing screening rules.
The allegation is that this is being done to protect crypto exchanges from potential hazards; however, these risks appear to be more likely the product of political pressure.
The underlying goal of this new oversight is to make sure that limits imposed by authorities around the world are followed.
Russia is an example, CZ was reluctant to put sanctions on Russians at first, but he gradually curtailed Binance's services to Russian citizen due to European pressure.
This stance of Binance may not be popular with everyone, since it implies that Binance would submit to governmental authority and abandon the primary basis of cryptocurrency, "economic independence."
Those who submit to political pressure are either forced to participate in politics or are already in command. Only time will tell whether the tightening of limitations benefits or hurts Binance.
