One of the major advantages of blockchain technology is that no one can freeze your digital assets—as long as they are stored properly. Unlike traditional bank accounts, there’s no centralized authority with the power to block or freeze your crypto holdings.
There’s no “Freeze” button that anyone—whether it’s a government, bank, or other entity—can press to lock you out of your crypto. This is a key benefit of decentralized finance (DeFi), where users maintain full control over their assets.
Decentralization ensures that users are in complete control, allowing them to manage their funds even anonymously, with the security of the blockchain keeping everything safe.
Related: Learn Crypto Series: What is Funding in Crypto Trading?
Banks and governments have little power over blockchains, meaning they can’t interfere with your crypto, even if they wanted to.
However, if you’re storing your crypto in centralized platforms like Binance’s hot wallets, governments could apply pressure on those platforms, making long-term storage in such wallets less secure according to the crypto community.
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