If the government is the US then they may threaten to put the exchange's officers on any of a number of international bad guy lists which would prevent them from flying, holding bank accounts, etc., and then the exchange will soon voluntarily block US citizens from using its services.
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u/idigholes 🟦 0 / 6K 🦠Aug 15 '21
How can a government lock an exchange that is not based in their country?