Does any other crypto exchange provide any information about blocking? When my friend's account was blocked, he answered questions, and the exchange referred to its terms of service.
Ideally, there should be TOS. It is like a guidance for using the service on the exchange. Even there is no specific TOS, this must be written in the article on the exchange. They must have a certain page for announcements, news, or important information.
In a services like this exchange that don't required KYC, what does the reason of being blocked? I mean what's the common reason?
That's right, it has been clearly stated on ToS or even in FAQ, but I'm confused about blocking your account as posted above.
The best terms that I liked on SageSwap.
Q: What if I don't know whether my coins are high risk?
A: If you don't know or are undecided, you can use Standard swap mode. If we detect big AML score or strange connections, we will give you information to contact support. After contacting support, you will have to confirm that you agree to an additional fee for processing the transaction. If you do not agree, you will receive a refund to the provided address.
There's no reason an exchange should seize, freeze, or even hold money just because it's flagged or detected in a large AML alert, they have no right to do so unless law enforcement tells them to, IMO.
