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Ahhh first they came for the 10K hodlers, then they came for the rest as history has proven they inevitably would time and time again.
Decentralization, decentralize, decentralized. These are the magic word(s) in crypto which if you haven't figured out yet, means you're either new or doing something very seriously wrong.
I could the first article I saw on this topic but many of you probably won't be able to read it. No matter though as I usually quote the most relevant lines.
"The EU has imposed a sweeping ban on providing crypto services to Russians as part of its eighth round of sanctions ....The existing prohibitions on crypto assets have been tightened by banning all crypto-asset wallets, accounts, or custody services, irrespective of the amount of the wallet (previously up to €10,000 was allowed)....Crypto service operators headquartered in the EU may have to stop processing transactions with Russians, unless the clients are resident in the bloc."
So basically it's pretty much crypto-apartheid if you're Russian. Let's all wait and see what Binance, the savior of crypto which luckily isn't headquartered in any EU member nation will do guys, surely they won't cave in to the fiat power of the Euro and stand up for the revolution which Bitcoin once initially started, right? Ooohh, wait, never mind
OK I'll admit, I'm mostly on BINANCE for Monero and have already selected a secure trustworthy Monero wallet and stacked up some more XMR from their exchange. Not because these restrictions will effect me or anything, but because I'm wise enough to know they eventually will, and you know what, because gawddurnit I unlike most actually really believe and support what Bitcoin initially stood for and refuse to stay at a crypto site which completely fails to honor that. Most other exchanges do not dare to touch these coins like XMR, ZCASH or TORN, but read my lips...I mean typed words: Binance will eventually start restricting these as well. There I said it. Why you ask, they haven't done so this far right? How do I explain this best? This is like that scene from Greedy 1994, the devil (fiat money) is drawing another line in the sand and telling CZ "hey, look brah, it's just one more step, you already took the previous ones, just one more and you'll live successfully ever after, otherwise I might just have to start burning you my mans." So little CZ takes another step like a good little boi, but when he looks back, he can't even see the first line anymore and suddenly realized he now has to delist Bitcoin because it's one of those "polluting" PoW coins. OK, maybe that last part is a bit exaggerated and reeeeeealy the final doomsday battle, but privacy coins are next. You know they are, Binance is not on the right of crypto. At least definitely not anymore. Times are seriously changing my friends, not just regarding the economy, energy, stocks and wars, but with crypto as well: "Tornado Cash Developer Alexey Pertsev’s Appeal Gets Rejected....Dutch prosecutors plan to seize and sell Pertsev’s property at auction, according to Malik. She said his car was seized on the day he was arrested and Pertsev’s lawyer told her that prosecutors will sell the vehicle."
Use your sound judgement and stay both safe and one step ahead of the game at all times. Viva La Bitcoin Revolution!
