Crypto.com is preventing certain users to access its Lending Services!

Hello HODLers,

Another centralized platform bending to the governments' will!

Crypto.com announced that the Lending Services will be only available to verified users meeting the Advanced Level verification.

Centralized services are feeling the pressure from Governments. I believe that this news is entirely related to the current pressure to ban cryptocurrencies to prevent Russians from  sanctions.

Biden and his administration have been vocal that they will publish some guidelines and probably prohibiting a bunch of things soon.

They also added that a list of citizens from the below countries will be excluded from Lending services. Even if meeting Advanced level verification.

List of countries effectively kicked out of the Lending Product

American Samoa

Antigua & Barbuda

Czech Republic

French Guiana

French Polynesia

Guadeloupe

Hong Kong

Macedonia

Martinique

Netherlands

New Caledonia

People’s Republic of China

Reunion

Saint Lucia

Saint Martin

Seychelles

Singapore

Sint Maarten

Slovenia

St Pierre & Miquelon

Switzerland

United Kingdom

United States

They can't even get the list right...

A bunch of names are just a region/territory and do not have a government/citizenship.

For example Guadeloupe or Martinique are French Departments meaning it is the same as Paris. Weird to single them out and definitely does not look professional.

Stay safe out there and  have a plan B.