Binance DEX pushing Americans out! Binance DEX, a decentralized exchange which launched in April, has announced that it would start geo-blocking 29 countries including the United States of America starting July 1st.
Trading and accessing wallets through Binance.org will no longer be available to users with an IP address from the 29 countries. One could circumvent the block by using a VPN, virtual private network, or by using one of the wallets that already support native trading.
This extreme approach by Binance could be seen as a visceral reaction to some news regarding the SEC and the founder of EtherDelta. The SEC charged the founder of the decentralized exchange with operating an unregistered securities exchange in November of last year. Binance DEX could not and cannot theoretically prevent anyone from issuing a security token.
What do you think? Do you plan on using a VPN to circumvent this? Which ones do you plan on using or already use? Let us know on our Facebook Page!