Binance donates $10 million to support Ukraine (UPD: and sanctions Russians!)

[Uang_kartal]

Binance has done the right way to help Ukraine. It doesn't only for humanity's purpose, but it also opens the eyes of each person in the world about the importance of crypto coins. I believe with this action, people won't change their mindset about the bad impacts of crypto coins. They will realize that crypto coins have had a big role in this world.

yes indeed from year to year there have been developments in the crypto world, even in the last few years the bad view slowly faded after crypto became a necessity, even legal tenders in several countries.
I remember well that some places of worship receive charitable services from cryptocurrencies. It's generally good because of the convenience and privacy.
especially when it comes to binance, this exchange is different from others. In terms of security, various investments have even participated in disasters and disasters or people who need help, in my opinion, binance is more like virtual embedded banking (because it is far from my country) and I don't think there is any reason. for certain people/groups to criticize cryptocurrencies with one eye, I'm sure they just don't understand and they don't take the time to learn. Binance is someone to emulate.

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[Quidat]

Binance has done the right way to help Ukraine. It doesn't only for humanity's purpose, but it also opens the eyes of each person in the world about the importance of crypto coins. I believe with this action, people won't change their mindset about the bad impacts of crypto coins. They will realize that crypto coins have had a big role in this world.

Now that we are on a war crisis then it do really shows that Crypto could really have that role in terms of fund support which we have seen on how people been donating to UK.
This would indeed changed up some peoples impression about its actual usage as a digital currency which could really be relied on on the time that we are needing.
Unlike on making out some steps when you are dealing with fiat which someone could really be detected and known on whose been doing those transactions
and this isnt the case we do have here on cryptospace.

[lixer]

Nice advice from Vitalik on giving donations, being slow and vigilant. With scams everywhere, one just have to not be hasty in there bid to give aid no matter how pressing you might feel it is and for there not to be regrets.

Well, its preeminent that Ukraine has suffered a lot from this war but, theyvare also getting a lot out of it too and the need to defend once country n the part of the Russains is being over looked. War could have several sides to it and not being on the part of the west makes you the enemy!

I wish there was never a course for war or even a war at all but, with cryptocurrency playing a part in this war raises hope on its acceptance.

When the war is over, and if they end up winning the way they want to without losing land, they could actually build a better nation out of this. Look at Germany, they were torn apart in the second world war and they had such a horrible situation, what ended up being their horrible demise, ended up being one of the leading nations of Europe right now.

Doesn't mean that we shouldn't recognize all the suffering they are living right now, but the fact that a country that was not really known too much aside from a few small bits by the whole world, got the attention of everyone and out of this war is a great path if they could handle it. Obviously corruption will mean a lot, if they get so much money but it goes to corrupted people then it will be terrible.

[Mehedi72]

Binance is the number no 1 exchange in the world and they can afford this much amount of donation  

There are others Exchanges too that can afford donation but they didn’t. Thus binance prove that, they are not only number 1 exchange, but also number 1 in charity field too. And yeah, It'll be great if others also come ahead. Even It's wise as well as appreciable they don't block accounts of russian people cause those people haven’t done anything wrong. They aren’t totally connected, so they don't deserve their account blocking or restricted trade from binance. Thats such a good decision by binance ceo

[lepbagong]

Binance is the number no 1 exchange in the world and they can afford this much amount of donation  

There are others Exchanges too that can afford donation but they didn’t. Thus binance prove that, they are not only number 1 exchange, but also number 1 in charity field too. And yeah, It'll be great if others also come ahead. Even It's wise as well as appreciable they don't block accounts of russian people cause those people haven’t done anything wrong. They aren’t totally connected, so they don't deserve their account blocking or restricted trade from binance. Thats such a good decision by binance ceo

In fact, great appreciation for Binance even though they have donated to help civilians. As said by colleagues @mehedi72, binance is quite sympathetic is not blocking all Russian residents' accounts, because it is clear this action that is also not supposed to be done, because Crypto is for all people by not distinguishing the tribe / race / religion / and not brought to practical politics .
No one wants to war but all of that is a government policy, the civil society should not be given sanctions by blocking and binance has been fair.

[kryptqnick]

Binance is the number no 1 exchange in the world and they can afford this much amount of donation  

There are others Exchanges too that can afford donation but they didn’t. Thus binance prove that, they are not only number 1 exchange, but also number 1 in charity field too. And yeah, It'll be great if others also come ahead. Even It's wise as well as appreciable they don't block accounts of russian people cause those people haven’t done anything wrong. They aren’t totally connected, so they don't deserve their account blocking or restricted trade from binance. Thats such a good decision by binance ceo

In fact, great appreciation for Binance even though they have donated to help civilians. As said by colleagues @mehedi72, binance is quite sympathetic is not blocking all Russian residents' accounts, because it is clear this action that is also not supposed to be done, because Crypto is for all people by not distinguishing the tribe / race / religion / and not brought to practical politics .
No one wants to war but all of that is a government policy, the civil society should not be given sanctions by blocking and binance has been fair.

Actually, they disagreed to block all Russians not as much out of sympathy, but out of legislative considerations. Early on, it was explained by Binance CEO that they are not sure if it's even legal to freeze accounts of all Russians, and that they will do it if sanctions recommend it. And it's not racism at all, it's just called collective responsibility. If you're a citizen of a certain country, and this country, using your taxpayer's money, is committing terrible crimes, you are supposed to do something about it. Also, you're saying 'no one wants war' but did you look at Putin's approval ratings? They're very high, at around 80%, and this data comes both from independent researchers and from state ones, so it's most likely true. That being said, even though I'm Ukrainian, I wouldn't insist on blocking all Russian accounts.

[Uang_kartal]

~Snip~
Actually, they disagreed to block all Russians not as much out of sympathy, but out of legislative considerations. Early on, it was explained by Binance CEO that they are not sure if it's even legal to freeze accounts of all Russians, and that they will do it if sanctions recommend it. And it's not racism at all, it's just called collective responsibility. If you're a citizen of a certain country, and this country, using your taxpayer's money, is committing terrible crimes, you are supposed to do something about it. Also, you're saying 'no one wants war' but did you look at Putin's approval ratings? They're very high, at around 80%, and this data comes both from independent researchers and from state ones, so it's most likely true. That being said, even though I'm Ukrainian, I wouldn't insist on blocking all Russian accounts.

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that's true bro, blocking accounts in countries where aggression occurs, maybe I just heard about it. As for some countries that are banned because there has been confirmation from officials and high-ranking officials of the country not to support and provide exchanges for their citizens. And it's purely not because of conflict only because of the government's policy. Yamb, in my opinion, the regulation does not make sense for its citizens.
especially what happened in Russia, we know Russia is a country that adopts bitcoin/cryptocurency and is legal. If Binance limits the movement and scope of users in that country, there may still be other exchanges that are very open to embrace.
Hopefully outside of Binance there will continue to be people who care and have empathy for what is happening on our planet, I think Binance is a good role model.

[milewilda]

Binance is the number no 1 exchange in the world and they can afford this much amount of donation  

There are others Exchanges too that can afford donation but they didn’t. Thus binance prove that, they are not only number 1 exchange, but also number 1 in charity field too. And yeah, It'll be great if others also come ahead. Even It's wise as well as appreciable they don't block accounts of russian people cause those people haven’t done anything wrong. They aren’t totally connected, so they don't deserve their account blocking or restricted trade from binance. Thats such a good decision by binance ceo

Exchange platforms are businesses which its understandable that they would really be hesitating on giving out donation or charitable acts but as part of exposure and good impressions then Binance
did really risk on that which the public or community did really end up on having positive impressions towards their actions which it is really a worth step for them to be done because
it would really give out that kind of chance or probability that their business would stood still for long since demand and recognition would really be there.

[kryptqnick]

Hey everyone! Given that this is a discussion about Binance and its actions regarding the Russian war against Ukraine, I decided to share here the most recent news in this direction, instead of making a new thread. Today, Binance published changes concerning Russian users: those who have more than 10,000 EUR in their accounts will be restricted, given 90 days to close out positions. Others can trade as usual. The report is available here: https://www.binance.com/en/support/announcement/4887e569afdf4b1e89e024371d3a49b9.
I think it's a very sensible decision, that both limits big flows of money and thus the risk of this money being used to finance the government which, in turn, finances war crimes, but also allows casual traders in Russia, who are probably just regular citizens, to carry on.

[stepwilli]

Actually, they disagreed to block all Russians not as much out of sympathy, but out of legislative considerations. Early on, it was explained by Binance CEO that they are not sure if it's even legal to freeze accounts of all Russians, and that they will do it if sanctions recommend it. And it's not racism at all, it's just called collective responsibility. If you're a citizen of a certain country, and this country, using your taxpayer's money, is committing terrible crimes, you are supposed to do something about it. Also, you're saying 'no one wants war' but did you look at Putin's approval ratings? They're very high, at around 80%, and this data comes both from independent researchers and from state ones, so it's most likely true. That being said, even though I'm Ukrainian, I wouldn't insist on blocking all Russian accounts.

People who call this racism are people who support Russia killing Ukrainians and there is nothing else to it. If you think that freezing accounts of Russians would be a racist move that is hatred towards Russians, you think that what Russia did to Ukraine is acceptable and understandable and that means you should not be listened to anyway and you are a bad person.

Ignore anyone who says this is racist, Russia deserves to be blocked from everywhere, binance, coinbase, any crypto, fiat or whatever world, get every single asset they ever owned, why? Because they deserved it by attacking a foreign nation and trying to take lands from them by killing tens of thousands, and causing millions to relocate.

[AYYASH]

This is big news in Crypto Industry. Now A days Binance is the Crypto Exchange in The world

[Argoo]

It's not that difficult to do this, some exchanges with minorities or even the elite class to accompany what Binance is doing, humanitarian actions in the name of caring. I saw several media broadcasts of dry food and some other needs. Moreover What is going on that we only understand on the basis of togetherness that must be helped.between russia and ukraine i am sure the future will be united

I'm sorry, but are you saying you're sure that the future of Russia and Ukraine will be united? As a Ukrainian (and actually one of the more calm and forgiving ones), I can assure you that the future will not be united. If it were just a war that Russia led roughly in accordance with the rules of war (targeting military targets, ensuring people on temporarily occupied territories receive food, medicine and are safe, etc.), it would be one thing. We'd still fight and still aim to win the war, but some sympathy toward Russian citizens was potentially out there. But after the Bucha massacre, after several big and many small seriously destroyed cities, after lots of cases of rape and torture, and after Mariupol, it is not possible to be united, even if the government in Russia changes radically. It is a genocide of our nation, and genocide is not something after which you easily become friends with those who committed it and those who didn't stop it from happening.
We won't seek revenge and won't invade Russia to inflict similar pain upon them. Because we aim to remain humans, not to lose our own humanity over all this. But we won't be friends and won't be united in anything with Russia, certainly not for decades to come.

To be sure, the actions of the Putin regime related to the military invasion of Ukraine have significantly weakened the pro-Russian position in Ukraine. Russia launched an invasion of Ukraine under the pretext of protecting the Russian-speaking population in Ukraine, but now in the east and south of Ukraine it is mass-killing the Russian-speaking civilian population and destroying entire settlements with civilian infrastructure. This is just in favor of no one wanting the "Russian world" anymore. From now on, Russians in Ukraine will be perceived only as murderers, robbers and rapists. Already now, during the war, much is being done in Ukraine to ensure that there is nothing Russian and Soviet. Putin got the exact opposite effect.