Binance Web3 Wallet update - a challenge to decentralization? 👛

Binance recently updated the terms of use for the Web3 wallet, which makes one question its non-custodial nature. Judge for yourself:

🔸 If the wallet is inactive for a period defined by law, Binance has the right to terminate access to Binance Web3 Wallet services.

🔸 If Binance receives notice that you are dead or incapacitated, it may freeze your assets and cut off access to transactions.

🔸 Even if Binance doesn't have legal proof of your death or incapacity, you authorize it to request this information from a third party.

🔸 In cases of uncertainty about beneficiary designation, Binance may also, at its discretion, seek a court ruling on the matter.

🔸 Any suspicious activity in your wallet may result in it being blocked by Binance.

In essence, Binance Web3 Wallet gets the right to control your assets in certain cases. It is your right to use this wallet or not, but it can hardly be called decentralized and non-custodial.

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