Binance Co-Founder He Yi Clarifies Account Restrictions Linked to VPN Usage
He Yi explains that accessing the platform from prohibited jurisdictions via VPN triggers "withdrawal only mode" to ensure regulatory compliance.
Summary
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Terms & Concepts
VPN (Virtual Private Network): A technology that encrypts internet traffic and masks IP addresses, often used by traders to bypass geographical restrictions on exchanges.
Withdrawal Only Mode: A restricted account status that permits users to remove funds but blocks trading and deposits, often imposed for regulatory compliance.