CZ: Binance traders find ‘intelligent’ ways to circumvent US block
CZ admits it's not always easy weeding out US traders from the global Binance exchange. Binance founder and CEO Changpeng Zhao, or CZ, says he needs to do more to block “intelligent” US traders from illegally accessing his global exchange. In an interview with Bloomberg, CZ said his exchange needs to be “smarter about the way we block” US traders from gaining access to the platform. He said:“Basically, we do continually try to improve our blocking. There are sometimes a few guys who want to circumvent our blocking and still use the platform and we have to come up with a smarter way to....
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According to recent reports, the world’s biggest crypto exchange, Binance, targeted to block the Russian user accounts available on the sanctions list due to war. The action took place after Ukraine’s vice prime minister requested the world’s crypto exchanges to impede the cryptocurrency accounts of Russia’s traders and political persons. As a result, Binance ultimately […]