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Binance's Refusal To Transact With Wasabi Wallet Could Point To Impending Industry Split
Summary: Binance SG, Binance’s Singapore arm, recently suspended a user for attempting to send their bitcoin to the hash-scrambling Wasabi wallet and could point to a coming split in the cryptocurrency industry. Binance SG suspended the user @bittlecat for violation of their anti-money-laundering (AML) policies. According to tweets from @bittlecat Binance SG refused to transact “directly ...
Binance SG, Binance’s Singapore arm, recently suspended a user for attempting to send their bitcoin to the hash-scrambling Wasabi wallet and could point to a coming split in the cryptocurrency industry.
Binance SG suspended the user @bittlecat for violation of their anti-money-laundering (AML) policies. According to tweets from @bittlecat Binance SG refused to transact “directly or indirectly” with a variety of often illicit-tied crypto services, “especially darknet/mixer sites.”
This suspension could be the start of one of the cryptocurrency market's most important fork yet, as the split between regulated exchanges and privacy-focused users grows even larger.
Wasabi wallet developer Gregory Hadju said, “I think the exchanges are slowly coming to a crossroads,” Hadju also believes that this fork will lead to the complete foreclosure of certain exchanges.
Janelle Fox
Tags: Binance SG,Cryptocurrency,Fork,Split,Wasabi
Link: Binance's Refusal To Transact With Wasabi Wallet Could Point To Impending Industry Split [Copy]
