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The decentralized exchange (DEX) developed by the main Binance cryptocurrency exchange will block access to users based in 29 countries. DEX informs potential users of the restriction via a message that appears when accessing the platform from one of the regions.
The message appearing on the platform indicates:
"It appears that you are accessing www.binance.org from an IP address belonging to one of the following countries:
United States, Albania, Byelorussia, Bosnia, Burma, Central African Republic, Democratic Republic of the Congo, Democratic People's Republic of Korea, Ivory Coast, Crimea region of Ukraine, Croatia, Cuba, Herzegovina, Iran, Iraq, Kosovo, Lebanon, Liberia, Libya, Macedonia, Moldova, Serbia, Somalia, Sudan, South Sudan, Syria, Venezuela, Yemen or Zimbabwe. "
Pop-up when accessing the platform from the United States | Source: binance.org
The pop-up also warns you about how users with IP addresses from the above-mentioned countries will be blocked for trading and access to the wallet interface via the website.
Finally, the message also refers to a list of portfolios supporting the main network Binance Chain (BNB), suggesting them as alternatives for holding and managing badets.
Binance did not respond to Cointelegraph's request for comment on the move at the time of going to press.
Many members of the cryptographic community have characterized this finding as indicating that the DEX system was actually not decentralized. A well-known Twitter user of crypto enthusiasts, Whale Panda, commented:
"Remember that it's never been a DEX, so stop calling it DEX. It's just a word they used to pump $ BNB, it never had to be decentralized.
A Steemit article devoted to the topic refers to a list of suggested cryptographic badet trading platforms that do not require that users go through the procedures to know your customer.
As Cointelegraph pointed out, Binance launched its decentralized trading platform earlier than planned in the second half of April.
Yesterday, June 1, Cointelegraph announced that most of the traffic destined for cryptographic exchanges in the world came from the United States, followed by Japan.
At the end of last year, Time reported that bitcoin (BTC) had a substantial potential for release, including the authorities' inability to control access.
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