Crypto exchanges judge you based on your location. That includes and is not limited to people from the middle east. In fact they are judged so much that some of them cant even open an account on a crypto exchange because of where they are born. Why is this? Because " Entities" have now inflitrated these crypto exchanges.
"Entities" in this article will be referring to gov agencies.
These crypto exchanges are based in a country or island where regulatory entities should have no business in. Yet these entities are telling the crypto exchange, "you cannot let users from "x" country open an account. If you do allow them we will place criminal charges against the company for "enabling terrorist activity" even though the potential user is just looking to trade crypto currency. Nobody is talking about this so I am. I thought that people would stand up for whats right and have waited for years, I thought that the older generation would speak up for the newer generation and that has not happened but anyway.
These crypto exchanges have now been compromised by various governments. Im sure you all know which ones by now. In the beginning some countries were regulated by province so if you and your friend are in the same country but he was from a different province you may not have been able to open a crypto account but he may still be able to open one. But things are changing and these regulations are now being applied countrywide.
In the beginning they use the following tactics on crypto exchanges, "delist these coins because they enable malicious activity". "If you dont do it we will be even stricter with you". They then proceed to demean them in different ways such as convincing their banks to stop doing business with them. If that happens they have to go through the hassle of looking for another bank. These crypto exchanges have no choice but to comply or see themselves be victims of criminal charges.
Most of these crypto exchanges will at some point ask for your ID, Proof of Address and may even ask you to do a face scan. These "face scans" are saved onto your account, and in the future these scans may do more harm than good. Your account can get flagged if you belong to any of the restricted countries. And your account may be monitored and /or blocked if youre sending funds to a person from a restricted countries wallet. This can easily be done because some numbers and letters in a crypto adresses are asociated to a certain exchange . All that would have to be done is find out which crypto exchange the wallet address belongs to then ask that crypto exchange to block the users account and provide its full history. When your account is closed you will not get a detailed explanation and they will give you about three days to remove all your funds if you go over those three days you are usually able to ask them for an extension.
If you are from a restricted country and have dual citizenship there is a way to still open an account if your account is not yet verified. You would just have to provide them with your passport from the unrestricted country. For example if you were born in the restricted country of "Sandy Beach" but you have citizenship in the unrestricted country of " Rocky Beach" All you would have to do is provide the crypto exchange with your Rocky Beach passport as well as any other information they may ask for. In addition if you are not located in Rocky Beach you have to use a Rocky Beach IP address. This can be done with a VPN. If you forget to use your VPN and the exchange is able to detect that you are using a Sandy Beach IP, youre account may get flagged or frozen.
Russians were recently part of this crackdown. Russians were only able to maintain a certain amount of crypto in their account. If they exceeded that amount they were told that their account would be closed.
