Binance blocks crypto accounts of relatives tied to the Russian government

[lixer]

I really can't decide myself whether this action is proper or not.

Ah so you want us to help you decide? Well, for me this action is improper because number one, Russian citizens are innocent and it wasn't their fault on why there is a war between their country and Ukraine.

Number two is, the person is away from the country of Russian but the sanctions are only supposed to happen under the country of Russia and I am curious if how they will know that the person is relative from those who live in Russia? Did the authorities force them to tell? And maybe they give threats that if they don't tell, the truth, something bad will happen to them. They don't have a choice and their relatives but to follow the order.

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[Similificator]

Ah so you want us to help you decide? Well, for me this action is improper because number one, Russian citizens are innocent and it wasn't their fault on why there is a war between their country and Ukraine.

Number two is, the person is away from the country of Russian but the sanctions are only supposed to happen under the country of Russia and I am curious if how they will know that the person is relative from those who live in Russia? Did the authorities force them to tell? And maybe they give threats that if they don't tell, the truth, something bad will happen to them. They don't have a choice and their relatives but to follow the order.

In a sense, maybe? lol. But yes, your opinions are greatly appreciated.

If I'm not mistaken, this was probably done with the goal of creating a wider scale assistance to the sanctions imposed on Russians. This may be an attempt to hinder other relatives of Russian people to still be able to evade the sanctions via crypto and so they extend the bans to relatives which would make it impossible for Russians to pass assets on relatives outside of Russia and make them do the trading, investing or liquidating.

And about the ways, I must say that what you're telling me right now is quite absurd. I mean, this can possibly happen(which I hope doesn't) but yeah, I think they just made use of the technology nowadays instead of resorting to such means.

[DrBeer]

I really can't decide myself whether this action is proper or not.

Ah so you want us to help you decide? Well, for me this action is improper because number one, Russian citizens are innocent and it wasn't their fault on why there is a war between their country and Ukraine.

Number two is, the person is away from the country of Russian but the sanctions are only supposed to happen under the country of Russia and I am curious if how they will know that the person is relative from those who live in Russia? Did the authorities force them to tell? And maybe they give threats that if they don't tell, the truth, something bad will happen to them. They don't have a choice and their relatives but to follow the order.

If you read carefully, sanctions have been imposed:
- against companies
- industry
- against government officials and their relatives
- against natural persons and their relatives.
This was done for a reason, but in order to maximally block the possibility of avoiding punishment. Did you think the sanctions would be only against those whose workplace is indicated by the "Kremlin"? This is really stupid!
Now the Russians involved in crimes that surpassed the crimes of Nazi Germany will be "nailed down" like fleeing cockroaches from a garbage pit, wherever possible, wherever they are caught, by any available method - blocking any means, seizing assets, criminal prosecution.

[carlfebz2]

I really can't decide myself whether this action is proper or not.

Ah so you want us to help you decide? Well, for me this action is improper because number one, Russian citizens are innocent and it wasn't their fault on why there is a war between their country and Ukraine.

Number two is, the person is away from the country of Russian but the sanctions are only supposed to happen under the country of Russia and I am curious if how they will know that the person is relative from those who live in Russia? Did the authorities force them to tell? And maybe they give threats that if they don't tell, the truth, something bad will happen to them. They don't have a choice and their relatives but to follow the order.

Now that there are situations which you could possibly be tied up to have some relatives on Russia if you do make out in  between transactions then people would be aware and wont tend to make out any connections but its true that not all transactions would really be known if they are really that relative or something that do make out transactions totally in random or doesnt really know each other.
So its not really just that precise nor that accurate when it comes to pointing out fingers on who would be the one will really be that be affected with this decision.

[Cookdata]

I'm not a political person, and I dislike having political arguments but I feel exchanges are going the extra mile to harm people with the lock of accounts, it is not anyone's fault the governments in power are fighting themselves. I have seen a couple of complaints from Bitsamp exchange users that their account has been locked too with the deposit and withdraw option being disabled, that's so uncalled for but by the way, this is what you get in return when they tell you to stop using centralized exchanges but no one wants to listen.

[Doan9269]

 

I feel exchanges are going the extra mile to harm people with the lock of accounts,

This is true about CEX but i think every cryptopreneurs need to understand why they should be avoided, for me now, i know that using CEX will cost me than the benefits i stand to derive from using it, so I maintain my scope, what about others that don't know how to go about, neither does they know the difference between CEX and DEX, and i think as the adoption widens so are many user's getting exposed to knowing more about this, just a pity that some already fall a victim before realizing that.

[Similificator]

I'm not a political person, and I dislike having political arguments but I feel exchanges are going the extra mile to harm people with the lock of accounts, it is not anyone's fault the governments in power are fighting themselves. I have seen a couple of complaints from Bitsamp exchange users that their account has been locked too with the deposit and withdraw option being disabled, that's so uncalled for but by the way, this is what you get in return when they tell you to stop using centralized exchanges but no one wants to listen.

Seeing the responses and thinking more about this, I really see this as a bad move by Binance. People trusted their centralized exchange and went through all the trouble of trusting and exposing their real identities to this exchange and in return Binance does this. Binance as an exchange specially one that is on this industry that values privacy and independence to some extent, should not be influenced or if needed be just a bit but not fully controlled by any government. I honestly expected Binance to at least have some backbone.

Well, we can't blame people who use centralized exchanges too since not everyone has access to reputable people or platforms that does peer to peer trading. Investing and converting to fiat is difficult for some places in the world and exchanges or custodial wallets that offer creditcard deposits or bank transfers are what most people prefer than risking to transact with people they do not know.

[jaberwock]

Seeing the responses and thinking more about this, I really see this as a bad move by Binance. People trusted their centralized exchange and went through all the trouble of trusting and exposing their real identities to this exchange and in return Binance does this. Binance as an exchange specially one that is on this industry that values privacy and independence to some extent, should not be influenced or if needed be just a bit but not fully controlled by any government. I honestly expected Binance to at least have some backbone.

Well, we can't blame people who use centralized exchanges too since not everyone has access to reputable people or platforms that does peer to peer trading. Investing and converting to fiat is difficult for some places in the world and exchanges or custodial wallets that offer creditcard deposits or bank transfers are what most people prefer than risking to transact with people they do not know.

I agree. Even though I dislike Russians as much as the next guy, I do not think that it is a good way to approach this situation for a crypto company. We should be focusing a bit more on the side of the decentralized hands-off approach to crypto.

As a company they are burdened to follow whatever nations law they are following, and if there are sanctions there and they are told to freeze the accounts then there isn't much Binance could have done, but it is still not a thing they had to do, they could have given a warning before hand for people from Russia to withdraw their money and make a bit of a profit for them that way as well, since they would be able to withdraw their money beforehand.

[Ozero]

I really can't decide myself whether this action is proper or not.

Ah so you want us to help you decide? Well, for me this action is improper because number one, Russian citizens are innocent and it wasn't their fault on why there is a war between their country and Ukraine.

Number two is, the person is away from the country of Russian but the sanctions are only supposed to happen under the country of Russia and I am curious if how they will know that the person is relative from those who live in Russia? Did the authorities force them to tell? And maybe they give threats that if they don't tell, the truth, something bad will happen to them. They don't have a choice and their relatives but to follow the order.

Are Russian citizens innocent that their country, with heavy armored vehicles, invaded the sovereign state of Ukraine? Are they innocent that their husbands, brothers and sons are now massively killing truly innocent civilians in Ukraine and deliberately destroying schools, hospitals, residential buildings and other civilian infrastructure in Ukraine? And then who is to blame, only Putin? But he doesn't kill directly. He sends Russian citizens to kill Ukrainians, and the execution of a criminal order is also a crime. Moreover, even now, according to a recent poll, 73 percent of the Russian population supports Putin's actions in his genocide of the Ukrainian people.
No, all citizens of Russia are guilty of the fact that citizens of Ukraine are now massively dying and their economy is being deliberately destroyed. The people must control their elected government. If for some reason he cannot or does not want to do this, he is responsible for the actions of his government, which means that the people are to blame for the criminal actions of the one who runs the state on their behalf.