The Binance developed decentralized exchange (DEX) will commence blocking users from 29 countries access to their website in July. Users from these countries will reportedly see a window with information regarding the restrictions when they try to access the DEX site.
Restricted Access from 29 Countries
According to the message appearing on the DEX platform, users with IP addresses from particular countries will find their access restricted. Countries that have been blocked include Albania, Belarus, Bosnia, Burma, Central African Republic, Cote D’Ivoire, the Crimea region of Ukraine, Croatia, Cuba, Democratic Republic of Congo, Democratic People’s Republic of Korea, Herzegovina, Iran, Iraq, Kosovo, Lebanon, Liberia, Libya, Macedonia, Moldova, Serbia, Somalia, Sudan, and South Sudan, Syria, the United States of America, Venezuela, Yemen, or Zimbabwe.
Users from these countries were warned that by July 1, 2019, they won’t be able to trade or access the wallet interface via Binance. The company has included several solutions and alternatives in its message.
The majority of people in the crypto community stated that the move was a sign that the DEX is not decentralized. One renowned crypto expert even tweeted that users should stop calling DEX by its name since it was never decentralized, to begin with. It was simply a word utilized to pump $BNB.
However, Binance’s CEO Changpeng Zhao recently tweeted that DEX was not banning users based on its geographic location. He clarified that it was the binance.org website that was blocking specific countries and that the blockchain DEX does not and cannot.
Binance rolled out its decentralized trade platform in April, an earlier timeframe than expected.