is memo.cash decentralized?

Is memo.cash actually decentralized? How is moderation done?

They have a term of service which says you can't use it if your from the below regions..

https://memo.cash/terms

Prohibited Jurisdictions include, but are not limited to: Algeria, Bangladesh, Bolivia, Cambodia, Canada, China, Colombia, Ecuador, Egypt, France, Indonesia, Iran, Jordan, Morocco, Nepal, Pakistan, Russia, Saudi Arabia, Taiwan, and Vietnam.

firstly why is a liberal democratic nation like taiwan in this list?

submitted by /u/Spartan3123
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source https://www.reddit.com/r/btc/comments/kw4emv/is_memocash_decentralized/