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Author Topic: Binance shutting off US traders will BNB value suffer?  (Read 196 times)
Red-Apple
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June 18, 2019, 11:38:16 AM
 #21

i don't think so or at least the chances of such drop is very small because centralized coins that are based on pump and dumps can not take effect from things that other normal altcoins take effect from. these coins are controlled by their owners (in this case the owner is a big exchange that also controls the platform where it is being traded!) so the price is 100% in their hands and at this point they don't allow the price to go down even if they have to waste money.

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June 18, 2019, 12:01:48 PM
 #22

There will be users that are already looking for a way to bypass that and are now looking for a VPN that suits them.

I would be more careful when dealing with big money, since once the US found out that you are bypassing their authority, you know what will happen next. better listen to what the earlier reply stated.
They don't care for themselves so I guess they are aware of what they do. And we don't have any issue with them because sad to say that we can't do anything for them.

Sure they will be a punishment for those people that will be caught by their gov't but I wish that soon they will lift this restriction so that the country will be called once again as the land of the free.

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June 18, 2019, 12:21:14 PM
 #23

I do not think this will hold much water except Binance will be shutting their site on them which I think is not possible, so far KYC is not required to deposit and withdraw from Binance and therefore a lot of users will still be on the exchange except where huge withdrawal per day is required which I think may not really apply to them

serjent05 (OP)
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June 18, 2019, 09:04:47 PM
 #24

I do not think this will hold much water except Binance will be shutting their site on them which I think is not possible, so far KYC is not required to deposit and withdraw from Binance and therefore a lot of users will still be on the exchange except where huge withdrawal per day is required which I think may not really apply to them

Did you not read the ammendment on  the Binance Terms of use?  IP's from US will be banned unless they are using ToR or VPN they won't be able to access the exchange.  And if ever they found some suspicious changes of your IP, like a user's account logging in different country's IP then that account will probably subject to verification.

“Accordingly, some users may be required to furnish evidence showing that their account registrations are consistent with Binance’s Terms of Use. Binance regrettably cannot continue to serve users who are found to have violated the Terms of Use and are unable to demonstrate otherwise.”

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serjent05 (OP)
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June 21, 2019, 08:31:39 PM
Last edit: June 21, 2019, 09:08:43 PM by serjent05
 #25

Update:

It seems the announcement does not affect and BNB price still goes up.  It is still climbing from $33 (time of creating this topic) to $37 now, let us wait and see if this uptrend will be sustain if the shut off is implemented.  

For now this thread will be locked.

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