DreamStage Posted January 14, 2020 #1 Posted January 14, 2020 Alexander believes that the sudden freezing of his account is related to his recent purchases of the stablecoin US Dollar Tether (USDT). He told the publication that he bought some USDT on December 23 from a contact. He paid cash for the cryptocurrency and the seller transferred the same value of USDT from his Binance account. Read Full News here: https://beincrypto.com/binance-blocks-russian-user-behest-ukrainian-law-enforcement/ It looks like Russian Police are taking measurements seriously regarding Known Your Costumer or KYC for Cryptocurrencies. As taking serious actions for Binance exchange immediatly after some investigation going. Probabily due to illegal activites from the seller as stated. I do feel this is a +1 to how things should be taking care of inside such exchanges as we dont know which kind of sellers we are dealing with. And probabily we would end up being the defendant. Do you think Russian Police should interven in such cases? Or crypto exchanges should stil leave such users free of blockages even with KYC regulations?
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