Pretty much .. or just use a VPN to access the website and different KYC documentation. Say you had another passport you would kyc on the banned exchange under that… still be granted access even without a VPN… as the bans usually apply to countries resident…
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Makes sense, I've also seen like on Binance they have a P2P section so users could fund an account via p2p method and then go nuts on the main site later, besides there's no reason for the offshore exchange to be super strict its loss of revenue, they'd much rather take the risk and pay a fine if they get caught
Only way really. Governments don’t want people to have financial freedom - or to allow a casino unless they can make money from it…