![]() While VPN’s primary function is to protect users’ online data, the growing number of geo-restrictions, censorship issues, and similar difficulties have made them a popular solution for bypassing these forms of censorship. This is done by establishing a connection to one of the VPN-owned servers, scattered throughout the world. In addition, they also allow users to hide their real IP address and replace it with another one - owned by the VPN issuer. Using VPN to access Binance DEXĪs some may know, VPNs are online security, privacy, and anonymity tools which allow users to shield their online traffic. The only remaining option is to go against Binance’s terms of service and use a VPN to hide their true IP address. Of course, some may choose to switch to US-based platforms, provided that they can access the coins they are interested in. At the moment, there are several US legislature members who are trying to create a bill that would exempt digital currencies from securities regulations.įor now, all that the US traders (as well as those in other blocked countries) can do is try and continue trading through wallets, as Binance had suggested. Meanwhile, the US SEC remains quite strict in regards to what is considered a security among cryptos. Binance now seems to be making the same move. In the announcement, the exchange pointed out that 32 assets will no longer be available to traders in the US. Poloniex already did so last month, when it made nine of its tokens unavailable to US traders.īittrex did it as well, with its recent Twitter announcement, published on June 7th - only a few days ago. As a result, exchanges that offer tokens that might be viewed as securities might also have to blacklist US-based traders. In the US, especially, there is still a large lack of clarity regarding tokens, and whether they are securities or not. While this is a way to bypass the issue - it is not the only problem that those interested in crypto trading are facing. The suggested apps are the Ledger hardware wallet, Coinomi, Trust Wallet, Atomic Wallet, among others. The block is scheduled to take effect on July 1st of this year, meaning that traders have about 20 days to get their affairs in order.īinance itself advised users to consider using various wallet apps in order to continue trading on the platform. US crypto regulations still lacking, traders lose access to coins and exchangesĪs suggested, the US is one of the 29 countries that will soon lose access to Binance DEX platform, at least if they try to access it through its website. Not to mention the fact that Binance DEX’s terms of service forbid the use of VPNs. The US traders, for example, might turn to US-regulated exchanges - decentralized or not. It would be much easier to simply start using a DEX without such restrictions. Now traders need to pay for a VPN as well. Of course, this makes the process more complicated. Those wishing to trade on the DEX can still do so through supported wallet apps, which allow them to enter trading without actually visiting the website.įurther, Binance’s CEO, Changpeng Zhao (CZ) also advises the use of VPNs, which are well-known and popular technology, used by millions of people for bypassing other geo-restrictions. In other words, it only includes the website for the DEX platform. The countries in question include the US, Albania, Belarus, Bosnia, Burma, Central African Republic, Democratic Republic of Congo, Democratic People’s Republic of Korea, Cote D’Ivoire, the Crimea region of Ukraine, Croatia, Cuba, Herzegovina, Iran, Iraq, Kosovo, Lebanon, Liberia, Libya, Macedonia, Moldova, Serbia, Somalia, Sudan, South Sudan, Syria, Venezuela, Yemen, and Zimbabwe.Īfter a few days, however, it turned out that things are not as grim as they may appear to be, as the geo-restriction only applies to. ![]() ![]() Those who were looking to buy Binance Coin right at the source are outraged, and skeptics have taken the new development as proof that the DEX is not decentralized at all. ![]() The move has caused quite a bit of confusion, and IP addresses from 29 different countries are not restricted from the DEX. However, the recent update from Binance digital exchange had changed things by bringing a block for 29 different countries. Many had hoped that this will change once the DEX goes live and that the decentralized version of the popular exchange will allow everyone to join in on crypto trading. Join Our Telegram channel to stay up to date on breaking news coverageīinance is one of the largest cryptocurrency exchanges around the world, but even so - its centralized exchange is not serving users from just any location. ![]()
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