Sanctions, Sanctions and Sanctions It is important for anyone to read "What can be banned and what can not in case of sanctions" 🔻Centralized exchanges All CEXs can do what they want with your assets: freeze, limit withdrawals. Money on the exchange is the money of the exchange. • Binance - The exchange followed the first crypto wallet sanctions and limited the amount of storage to 10,000 euros. In a commentary in March, CZ stated that Binance will continue to aggressively pursue international sanctions. • FTX - there are no restrictions yet, if they are, they will warn you. Exchange under the jurisdiction of the United States. • Huobi, KuCoin, OKX, ByBit - Asian exchanges, the chance that they will be banned is lower than the rest. Even if any exchange will block users, they will warn in advance and give a window for withdrawal. 🔻Wallets Non-custodial wallets like Trust Wallet, Metamask (list of the main ones) are just applications for accessing the blockchain. Your wallet = seed phrase or private key. If the conditional Metamask bans specific IPs, then using the seed phrase you will restore your wallet through another application or even a blockchain. Cold wallets are more convenient just for storage. Hot - for exchanges, trading and urgent transactions. Neither cold nor hot wallets for which you have keys can be banned in any way. 🔻Centralized stablecoins In theory, USDT, USDC and BUSD can block a specific wallet address. So you will not be able to withdraw the stable from the wallet in any way. In practice, for all the time Tether banned only 723 addresses, USDC only 87, and BUSD - 2. 99.9% that no centralized stablecoins will ban addresses 🔻Coinlist launchpads / activities Tokensoft, DAO Maker and other applications that require KYC to participate in projects can theoretically block an account. Or prevent specific users from accessing token sales. Conclusion : In a fight of nuclear states only common people/ordinary people will suffer. © CryptoGuru
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