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I don't seem to be able to close the account with Binance. They received multiple GDPR-related requests, forced me to give them more PII than they already had (
by voytec 4y ago
I don't seem to be able to close the account with Binance. They received multiple GDPR-related requests, forced me to give them more PII than they already had (like handwritten and signed requests) and now their DPO team responses arrive about a month after my emails.
I'm in Poland. All Polish banks refuse USD/EUR wires or reverse card charges/payments from Binance. The only way to cash out from Binance to Poland, was a Russian service which was receiving crypto from Binance and making wire transfers to Poland.
After Putin's Ukraine invasion, I closed the account with the Russian entity and since there was no longer a way to get fiat from Binance - I decided to close the account with them, too. It's still not closed to this day, despite multiple hoops they forced me to jump.
- tommek4077 4y ago> All Polish banks refuse USD/EUR wires or reverse card charges/payments from Binance. How is that the fault of Binance?
- totalZero 4y agoHow is it not? Their relationship with banks is a direct result of their willingness to demonstrate regulatory compliance, and that appears not to have been a priority for Binance until just a few days ago. https://www.binance.com/en/blog/ecosystem/binance-moves-forward-with-local-development-and-regulatory-compliance-in-poland-1233996135851733478 https://www.binance.com/en/blog/ecosystem/binance-moves-forw...
- rchaud 4y agoWhen offering financial services in a country, it behooves the vendor to set up a relationship with a local bank. Any legitimate money services business will do this, because otherwise they wouldn't get a single customer. Crypto exchanges don't seem to have this issue because they know their customers are trying to dodge taxes anyway, so they can claim that obstacles to off-ramping to fiat (like having no banks to work with) are a feature.