Oddbean new post about login | logout The Central Bank of Iran, in an effort to control exchange rates (effectively lowering the national currency's value), has decided to freeze the bank accounts of all cryptocurrency exchanges and payment service providers. nostr:nevent1qqsr7x3mlp6m8zgl3vrth86lpascef55wsnzzqhdzpp9p8cx06atrhspzpmhxue69uhkummnw3ezumt0d5hsygq674y4tymtaqz0j5qsv3l2ttd9ca38ah0swd98lqfmhg8rrmkevqpsgqqqqqqsykumxu
That's what centralised systems do. It will happen to US and EU as well.
not good to be over-reliant on custodians. the time will come when cryptocurrency networks which can't support a large number of concurrent non-custodial users will start to fail. say no to custodial wallets, centralized escrow payment processors, and centralized exchanges. they can't help you.
Is it also related to this? https://www.binance.com/en/square/post/15223697487090