Binance handed over user data to Russian authorities despite exiting Russia in 2023. The exchange claims it follows a "global compliance framework" for law enforcement requests—no matter the jurisdiction.
Here's the tension: A crypto lawyer says if the user was registered in the EU, $BNB might've violated GDPR. Russia doesn't meet EU data protection standards. Binance disagrees.
This sets a precedent: CEXs will comply with governments when pushed, even after they "exit" a market. Your data isn't as private as you think.
If you're holding serious bags or doing anything remotely gray, this is your wake-up call to rotate into non-KYC solutions or self-custody.
Compliance > privacy. Always has been for centralized platforms.
Here's the tension: A crypto lawyer says if the user was registered in the EU, $BNB might've violated GDPR. Russia doesn't meet EU data protection standards. Binance disagrees.
This sets a precedent: CEXs will comply with governments when pushed, even after they "exit" a market. Your data isn't as private as you think.
If you're holding serious bags or doing anything remotely gray, this is your wake-up call to rotate into non-KYC solutions or self-custody.
Compliance > privacy. Always has been for centralized platforms.