The decentralized exchange developed by Binance, known as DEX will block website access to around 29 countries from around the world. The Binance DEX website informs potential users of the restriction via a message that appears when accessing the platform from one of the regions, reported news portal Coin Telegraph.
The message on the website reads, “It seems you are accessing www.binance.org from an IP address belonging to one of the following countries:
USA, Albania, Belarus, Bosnia, Burma, Central African Republic, Democratic Republic of Congo, Democratic People’s Republic of Korea, Cote D’Ivoire, the Crimea region of Ukraine, Croatia, Cuba, Herzegovina, Iran, Iraq, Kosovo, Lebanon, Liberia, Libya, Macedonia, Moldova, Serbia, Somalia, Sudan, South Sudan, Syria, Venezuela, Yemen, or Zimbabwe.”
However, Larry, Cermak, the Director of Research at The Block said, “Starting next month, Binance’s ‘decentralized’ exchange will start geo-blocking 29 countries including the USA. Of course, this will be possible to circumvent fairly easily through a VPN but just goes to show that it’s a non-custodial exchange (so far?) – not decentralized.”