A recent article surfaced alleging that Binance employees and volunteers were assisting Chinese users on how to bypass Know Your Customer (KYC) and other security protocols.
However, speaking to Cointelegraph a spokesperson from Binance clarified that employees are “explicitly forbidden” from supporting users in circumventing any laws or policies. The spokesperson also said the company is taking action following the recent allegations.
They went on to say that Binance has implemented “advanced detection tools” which allow the exchange to crack down on users in restricted jurisdictions, along with actively blockchain VPNs from said areas.
According to the exchange it is “extraordinarily rare” that workarounds are possible. Binance claims to have “multiple manual and AI-driven processes” which help prevent users from bypassing any critical security procedures.
(by Savannah Fortis)
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