@BOMBERuss 26 August 2022 more from that month

#Binance is launching a system of assistance to state regulators and law enforcement agencies called #LERS (Law Enforcement Request System). Now, through it, authorities, including law enforcement agencies, have been able to send requests to users. All applications for clients of the #exchange will be considered on an individual basis, taking into account the existing legislation. Such a #system should strengthen the exchange's cooperation with state authorities, and show its full commitment to the requirements of international regulations in the field of financial security. In order for a representative of law enforcement agencies or a civil servant to gain access to the system, they must have permission to collect information about users who may be involved in investigations. Access to LERS will be provided exclusively within the framework of professional activities. Unauthorized requests will be rejected, and the exchange may take the violator to court. To send a request, a representative of the government must confirm his identity by sending copies of documents to the system. Also, the exchange recommends providing data on the progress of the investigation in order to speed up the application processing process. The Exchange will notify users of requests received in relation to them, unless otherwise indicated by a court or police order. As a rule, the courts and the police try not to report that they are investigating until the last moment. The collection, storage and use of customer data is regulated by the user agreement and the privacy policy of the platform, which are "amended from time to time". What kind of edits are not specified. In fact, the exchange undertakes, at the request of the authorities, to give out all the data about its users that they require. Thus, Binance is establishing an official channel for transmitting information about its customers to law enforcement agencies and regulators. There is no doubt that regulators and law enforcement agencies will be happy about this. You can forget about privacy forever.