This Binance Iran situation is wild shows how hard it is for big exchanges to fully control flows but raises serious questions on compliance and geopolitics
rocket_beer on
Or… (and this is a pretty big or)
We could try peace? 🤷♂️
liquid_at on
I guess CZ can get a presidential pardon again. No biggie. /s
deckartcain on
Good for them. US and European sanctions has cost the lives of millions of people, and creates an unipolar world where they’re free to do as they please without any accountability. The fact that we live in that part of the world, and benefit from it, doesn’t make it morally correct. If people want to live in theocracy, they’re absolutely entitled to do that, and should resist violently against people who challenge that right. Those who don’t like it, as in a democracy, are free to move to another location and seek another way of living, just as anyone who wants to live in a theocracy, should absolutely be able to do the same.
Medium_Change4574 on
At least they didn’t make a memecoin to scam their own people
Cultural-Candy3219 on
There are two different debates that often get mashed together here. A neutral network lets value move without asking the protocol for permission. A centralized exchange is a regulated business with bank accounts, customer records, employees, servers, fiat rails, and legal exposure. Those are not the same system even if both touch the same asset.
That is why the compliance fight usually shows up at exchanges, stablecoin issuers, custodians, bridges, and fiat exits rather than at the base protocol itself. If a venue advertises itself as a compliant global exchange, then regulators will judge its monitoring, sanctions controls, account clustering, and response process.
The uncomfortable part for crypto is that liquidity and convenience pulled a lot of activity back into these big custodial hubs. People wanted easy trading, fiat access, cards, leverage, and support tickets. That convenience creates exactly the kind of choke point and paper trail that permissionless crypto was supposed to route around.
KualaLJ on
No complaints when they fund Trump shit coins…but somehow is different now?
khmaies5 on
You guys have no issue with Trumps scam coins and Zionist war criminals use of Binance but you start complaning when a country under attack uses crypto!
8 Comments
This Binance Iran situation is wild shows how hard it is for big exchanges to fully control flows but raises serious questions on compliance and geopolitics
Or… (and this is a pretty big or)
We could try peace? 🤷♂️
I guess CZ can get a presidential pardon again. No biggie. /s
Good for them. US and European sanctions has cost the lives of millions of people, and creates an unipolar world where they’re free to do as they please without any accountability. The fact that we live in that part of the world, and benefit from it, doesn’t make it morally correct. If people want to live in theocracy, they’re absolutely entitled to do that, and should resist violently against people who challenge that right. Those who don’t like it, as in a democracy, are free to move to another location and seek another way of living, just as anyone who wants to live in a theocracy, should absolutely be able to do the same.
At least they didn’t make a memecoin to scam their own people
There are two different debates that often get mashed together here. A neutral network lets value move without asking the protocol for permission. A centralized exchange is a regulated business with bank accounts, customer records, employees, servers, fiat rails, and legal exposure. Those are not the same system even if both touch the same asset.
That is why the compliance fight usually shows up at exchanges, stablecoin issuers, custodians, bridges, and fiat exits rather than at the base protocol itself. If a venue advertises itself as a compliant global exchange, then regulators will judge its monitoring, sanctions controls, account clustering, and response process.
The uncomfortable part for crypto is that liquidity and convenience pulled a lot of activity back into these big custodial hubs. People wanted easy trading, fiat access, cards, leverage, and support tickets. That convenience creates exactly the kind of choke point and paper trail that permissionless crypto was supposed to route around.
No complaints when they fund Trump shit coins…but somehow is different now?
You guys have no issue with Trumps scam coins and Zionist war criminals use of Binance but you start complaning when a country under attack uses crypto!