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Author Topic: Cryptocurrency is too small for Russia - Binance CEO  (Read 220 times)
tabas
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March 15, 2022, 11:47:59 PM
 #21

How can CZ be neutral when he is imposing sanctions to individual Russians? He is not in any way neutral. A neutral company would be in the middle and wouldn't take orders from whichever side. CZ, on the other hand, is blocking individual Russian accounts in favor of western sanctions. Just because he stopped short from blocking all Russian users doesn't mean he is neutral. He simply doesn't want to lose revenue from the Russians, or lose license from his western bosses.
He didn't imposed any sanction...

Have you been reading your news lately? I don't know if the news I've been reading are all fake news but it seems they're not. It's all over the media.

From CNBC: "Binance said Monday it will block the accounts of Russian individuals who have been sanctioned..."

From Business Insider: "Binance is blocking access to Russian account holders targeted by international sanctions..."

From Reuters: "Crypto exchange Binance blocks Russian users targeted by sanctions"

I haven't read that news and there's really no sanction that Binance has imposed to Russian users. If it's just the news articles and not from Binance then it's not yet official. Otherwise, I'm missing a lot.

Also, CZ has been saying that it is unethical to block all Russian users because they don't necessarily support the invasion. I agree.
And that's why he's not going to impose any sanction to the users there per se.

But those Russian individuals who are sanctioned, do they all support the invasion?
This is a different topic from Binance putting sanction and we know that many of them really don't like what their government is doing.

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March 16, 2022, 01:27:06 PM
 #22

How can CZ be neutral when he is imposing sanctions to individual Russians? He is not in any way neutral. A neutral company would be in the middle and wouldn't take orders from whichever side. CZ, on the other hand, is blocking individual Russian accounts in favor of western sanctions. Just because he stopped short from blocking all Russian users doesn't mean he is neutral. He simply doesn't want to lose revenue from the Russians, or lose license from his western bosses.
He didn't imposed any sanction...

Have you been reading your news lately? I don't know if the news I've been reading are all fake news but it seems they're not. It's all over the media.

From CNBC: "Binance said Monday it will block the accounts of Russian individuals who have been sanctioned..."

From Business Insider: "Binance is blocking access to Russian account holders targeted by international sanctions..."

From Reuters: "Crypto exchange Binance blocks Russian users targeted by sanctions"

Also, CZ has been saying that it is unethical to block all Russian users because they don't necessarily support the invasion. I agree. But those Russian individuals who are sanctioned, do they all support the invasion?

I don't get an update about this but if binance would truly block the russians citizens account then provably this will give impact to their business and the whole crypto community. Hopefully that news is fake because we cannot afford for another banning since this can create fud and price dumping in future. Also its really unfair implementation if they impose this sanction.

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April 03, 2022, 11:39:20 PM
 #23

I stopped paying attention to what CZ was saying long ago. I have no idea what he thinks his role will be in shaping the future of crypto but when I read about some of the statements he makes it does not seem right they come from someone operating Binance. Remember when he said he discussed reversing the blockchain because of the Binance hack?

Never trust anything that CZ is saying, he is like chameleon and changes his story every day, so I won't be surprised if he comes in few weeks with announcement of blocking all accounts from Russia.
From news I was reading they are going to start working with Chinese banking system with their own credit cards, and they are totally separate from swift and mastercard/visa.
Nobody is talking about banning China because they can't, and CZ is from that same country.

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April 03, 2022, 11:44:48 PM
 #24

I stopped paying attention to what CZ was saying long ago. I have no idea what he thinks his role will be in shaping the future of crypto but when I read about some of the statements he makes it does not seem right they come from someone operating Binance. Remember when he said he discussed reversing the blockchain because of the Binance hack?

Never trust anything that CZ is saying, he is like chameleon and changes his story every day, so I won't be surprised if he comes in few weeks with announcement of blocking all accounts from Russia.
From news I was reading they are going to start working with Chinese banking system with their own credit cards, and they are totally separate from swift and mastercard/visa.
Nobody is talking about banning China because they can't, and CZ is from that same country.

I believe, don't take all the tweets or statements of CZ seriously.
Because some of them are just like spur-of-the-moment type statements.
But at the end of the day, he is a businessman, so what he will do is to protect and secure his business.
When they list SHIB, I also think they are breaking their high standard of listing projects.
But if you look at it, it is all just business.
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