Show of support from CEO is not enough to overcome the realities of geopolitics.
Show of Appreciation
Due to recent regulatory imposition, the popular crypto influencer and Binance evangelist Crypto Bethany, has had her Binance account geo-restricted. Following the suspension of services on her Binance account, the CEO of Binance, Changpeng Zhao (CZ), has assured her, ‘it’s not our call.’
In his personal message, CZ expressed regret and showed support to Crypto Bethany. Zhao was keen to acknowledge the role that Bethany has played as a Binance supporter and evangelist.
“Damn, that is really sad. You have been such a strong supporter of #Binance. I don’t know which area you are from, but trust me, it’s not our call,” he responded. He went on to add, “Let’s hope things improve over time and we can be of service to you again in the future.”
Bethany, who has always been a strong supporter and proponent of Binance and Binance Coin (BNB), took to Twitter on September 24th to say she ‘knew it was coming’ but it was a ‘sad moment.’ It is unknown if Bethany will be able to use Binance again.
Binance has faced a wave of restrictions in 2021, with regulators queuing up to impose draconian cease and desist rulings upon the exchange. Regulators from the UK, Malaysia, Japan and Ontario are among the governing bodies making things tough for Zhao and his team.
In Australia, the jurisdiction where Bethany is based, Binance confirmed in a blog post on September 21st that it will cease offering futures, options or leveraged tokens of any kind after December 23rd. Users can top up existing positions to prevent liquidation until that deadline, but any attempt to open new positions will receive geo-restriction notices.
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.
