RE: An Australian Trader Had USD$430,000 of Crypto Confiscated by the United States Government On BTC-e: A Timely Reminder to Withdraw Your Funds From Exchanges, or Use the Openledger DEX.

[sc-steemit]

Yeah, they may be a little vague on that point. All the OPEN.xxx assets are OpenLedger backed assets for their UIAs. But still, choosing to trade on the DEX with OL as backer is many times better than a centralized ledger. For starters, the DEX ledger can't be seized, so you OPEN.xxx UIAs are still traceable and accounted for. With BTC-e, none can account for, publicly, what anyone was owning and none can prove it unless they can gain access to the BTC-e ledgers.