Users from Tunisia can't use binance anymore.

[magneto]

I think that What is happening with Binance is exactly what happened with Bittrex before, even tho Bittrex had 2 BTC limit for unverified users they started to force KYC on accounts that have no 2FA then slowly they forced KYC, so even if Binance is not forcing KYC they will start to force it soon that how things always work especially after they introduced their credit card options.

That was what I'm thinking as well. Bittrex and Poloniex both had similar stories of dealing with having to crack down on KYC and country restrictions. Binance seems to be following in similar footsteps.

This could certainly have been a result of them trying to get into the fiat to crypto exchange space. I don't think that it's necessarily a coincidence that these stories of restricted countries and increased KYC strength came just some time after they announced fiat deposits.

As I said right now if I'm using Binance I'd be extremely cautious. Keeping balances on any exchange is a risky business when future regulations are uncertain, even when it's extremely trusted.

[onrise]

I don't know about thes restrictions. However binance doesn't require kyc, so it will be easily bypassed as long as you don't do kyc

Maybe a VPN may be needed as well if you can't log in.

Wrong, Binance started enforcing KYC on everyone since last few months.

This is not correct. Kyc on binance is not compulsory and you can withdrawal 2 BTC without any kyc.

It's only compulsory if you have more than 2 BTC there.

As last I hard was that only for the big traders or investors who have more than 2 btc which needs to be withdrawn will have to full fill their KYC norms and then only will be able to withdraw such qty of btc form their exchanges. In a way it s a good idea also for small qty they do not enforce it.

[figmentofmyass]

It's funny that this happens in Tunisia when they are more open to cryptocurrencies. In the other hand, you have Algeria and Morocco where cryptocurrencies are banned and yet, exchanges still operate there.

nobody is worried about the algerian or moroccan governments coming after them.

what they are worried about is sanctions from the USA or EU. i believe there are no sanctions against algeria or morocco.

there are however active EU sanctions against tunisia. i believe this is why binance is doing this. they are increasingly concerned about violating sanctions. they're getting really big and are worried about being targeted by law enforcement agencies.

[OmegaStarScream]

nobody is worried about the algerian or moroccan governments coming after them.

what they are worried about is sanctions from the USA or EU. i believe there are no sanctions against algeria or morocco.

there are however active EU sanctions against tunisia. i believe this is why binance is doing this. they are increasingly concerned about violating sanctions. they're getting really big and are worried about being targeted by law enforcement agencies.

Fair enough. You could tell that Algeria and Morocco have no idea what they're doing as well because the ban included "possession" of bitcoin while we all know there is no way to stop that.

I've also read that there are plans to make the biggest mining farm ever that works with solar power in Morocco which make no sense If they have it banned. You could tell that third world countries make laws all the time while they have no idea on how to implement them or probably don't have any desire to do so in the first place because building a mining farm is not something that could go undetectable.

[Matematic]

you can use exchange services, if your region is blocked, just use vpn

[vv181]

you can use exchange services, if your region is blocked, just use vpn

As far as I know, the banned countries are Iran, Myanmar, Belarus, and Romania. Tunisia is not in that list, in addition to being far from being banned because of the nature of Tunisia's tourism and regulating laws.

Some user claimed they are forced to do KYC verification. Its kind of sucks when you are protecting your privacy and anonymity and then the next day you open Binance now you are required to do some verification or its banned from your countries. After all, that is what centralized exchanges do, it always has some strict regulation because it needs to comply with the law.

[Matematic]

you can use exchange services, if your region is blocked, just use vpn

As far as I know, the banned countries are Iran, Myanmar, Belarus, and Romania. Tunisia is not in that list, in addition to being far from being banned because of the nature of Tunisia's tourism and regulating laws.

Some user claimed they are forced to do KYC verification. Its kind of sucks when you are protecting your privacy and anonymity and then the next day you open Binance now you are required to do some verification or its banned from your countries. After all, that is what centralized exchanges do, it always has some strict regulation because it needs to comply with the law.

to avoid kyc and verification we can create little exchanges. also, it's always better to know "the limits". f.e. on changenow you won't be asked for kyc if your exchange amount is less than 10-11 btc.