New Binance Terms of Service!

The exchange of cryptocurrencies Binance has changed the terms governing the use of its services by consumers residing in France. The new conditions of use of the exchange are “applicable to users resident in France registered as of June 17, 2022”.

The new cryptocurrency exchange TOS for French users

According to a tweet from DocMarmott, cryptocurrency exchange Binance has changed the general conditions of use (CGU) of its platform for users residing in France. These conditions establish, among other things:Subject to your continued compliance with the express terms set forth in these Terms, Binance France grants you revocable, limited, non-exclusive, non-transferable and non-sublicensable access to the Binance Services through your computer or Internet-enabled devices for personal / internal purposes. .“.

Separately, the cryptocurrency exchange claimed it did the right to suspend your account and freeze your assetsfor any reason“. Once an account appears to be linked to illegal activities, such as money laundering, terrorist financing or fraud, Binance can close it. The same is true if the account holder does not provide.”adequate responses“To the”requests for information“about him. And Binance is not required to explain to users why it has closed their accounts or blocked their holdings. Furthermore, by accepting the new terms and conditions, users are giving up.”any right to make, hear or arbitrate claims in a class actionThe exchange also recommends that you contact its customer service and then through a mediator with the MFA if you wish to file a complaint.

Now, users residing in France who want to open an account on the cryptocurrency exchange have to accept rather strict terms of use. Among other things, these terms state that accounts can be closed at any time if Binance finds reason to do so. And this without the exchange providing explanations to interested users.

Get a summary of news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss any of the essential Cointribune!

Writing Avatar CT

TC writing

Behind the generic signature “Redaction CT” there are young journalists and authors with specific profiles who wish to remain anonymous because they are involved in the ecosystem with certain obligations.

Leave a Comment