Crypto exchange platform Binance has seized the accounts of numerous Palestinian users at the request of the Israeli government for allegedly being linked to “illicit funds” and “terrorist organizations.”
Crypto exchange platform Binance has seized the accounts of numerous Palestinian users at the request of the Israeli government for allegedly being linked to “illicit funds” and “terrorist organizations.”
Uhhh, ok sweaty? Like, Binance trades in those currencies. The problem is the crypto wallet service ecosystem that was developed and pushed. The coins are decentralized but the wallet platforms are all points of control. And it’s the wallet platforms that are spending the money on advertising and social media, not the coins themselves. So the whole ecosystem - outside of the gear heads who knows enough to run their own wallets AND know enough to run them securely and redundantly to avoid loss - the whole ecosystem is intermediated by feds and fed-adjacent actors.
While not every coin is decentralized as referenced above, you know it all inside and out. Especially since “gear heads” are definitely the only people capable of using a USB drive and keeping software up to date for cold storage.