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Binance Refutes Claims of Widespread Account Blocks for Ukrainian Users

General News
2024-03-04 18:41:59
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Binance has responded to recent reports alleging that Ukrainian users of the cryptocurrency exchange were experiencing widespread account blockages and deletions. A representative from the platform clarified that no discriminatory measures are specifically targeting Ukrainian clients.

 

The spokesperson emphasized, “No separate actions are being taken against users in Ukraine at this time.”

 

Binance cooperates with law enforcement to adhere to the regulations of different jurisdictions, which sometimes necessitates the temporary suspension of accounts suspected of breaching the platform's Terms of Use. According to the Binance representative, law enforcement's requirement to freeze accounts during investigations can inadvertently affect innocent users.

 

The spokesperson also highlighted the importance of users taking responsibility for their asset management, urging them to be vigilant about the origins and destinations of their transactions.

 

For further information, Binance has provided guidance on possible reasons for account suspension.

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