Will my bank account get frozen if I deal in p2p on binance?
Will my bank account get frozen if I deal in p2p on binance?
Hi All I have been hearing that bank accounts in India are getting frozen due to crypto p2p transactions. Is it a rare occasion that the bank account might freeze or if I deal in p2p I will surely get my banks frozen? I need to sell my btc on binance and all I know is p2p. Should I go ahead and sell ? Thanks for answering me in advance!
Probably, seeing CEXes by country laws might be obligated to turn over your transactions if need be. Can’t wait for a more simplified p2p trade to be adopted by DEXes. Other than the legal boundaries, I think it is now very possible. If Zetachain can make swapping from eth to bitcoin possible without wrapping or bridging…. I am Bullish for the future of decentralise exchanges.
I did once nothing happened, bank account still works fine. No idea about frequent p2p transactions.