Hello HODLers,
Another centralized platform bending to the governments' will!
Crypto.com announced that the Lending Services will be only available to verified users meeting the Advanced Level verification.
Centralized services are feeling the pressure from Governments. I believe that this news is entirely related to the current pressure to ban cryptocurrencies to prevent Russians from escaping sanctions.
Biden and his administration have been vocal that they will publish some guidelines and probably prohibiting a bunch of things soon.
They also added that a list of citizens from the below countries will be excluded from Lending services. Even if meeting Advanced level verification.
List of countries effectively kicked out of the Lending Product:
American Samoa
Antigua & Barbuda
Austria
Belgium
Canada
Czech Republic
Croatia
Curaçao
Denmark
France
French Guiana
French Polynesia
Germany
Gibraltar
Guadeloupe
Guernsey
Hong Kong
Hungary
Italy
Macedonia
Malta
Martinique
Monaco
Netherlands
New Caledonia
Norway
People’s Republic of China
Poland
Reunion
Saint Lucia
Saint Martin
Seychelles
Singapore
Sint Maarten
Slovakia
Slovenia
Spain
St Pierre & Miquelon
Switzerland
United Kingdom
United States
A bunch of names are just a region/territory and do not have a government/citizenship.
For example Guadeloupe or Martinique are French Departments meaning it is the same as Paris. Weird to single them out and definitely does not look professional.
Stay safe out there and always have a plan B.
