Rich by Coin

Binance Square has banned BaseAp*, prohibiting posts related to this theme on the platform. The move underscores Binance Square’s push toward a centralized Web3 social model where users’ social accounts double as exchange accounts, with Know-Your-Customer verification required beforehand.

The policy signals heightened gatekeeping for Web3 discussions within the exchange’s network, potentially limiting community outreach and content sharing. Analysts say the approach reflects ongoing regulatory and compliance considerations as crypto platforms increasingly embed user controls into their social layers.

Observers note this direction could reshape how communities engage on centralized platforms. The trend highlights the tension between openness in crypto discourse and regulatory requirements, indicating a broader shift toward regulated social experiences in the crypto space.