Binance Set To Curb Services To Russia Users After EU Sanctions
Binance Holdings Ltd. is set to limit services for Russian nationals following the European Union’s latest package of sanctions against Moscow.
Himanshu S.
7:43 21st Apr, 2022
Adoption
The world’s largest cryptocurrency exchange by trading volume will reduce services to Russian persons or entities with crypto assets exceeding the value of 10,000 euros ($10,885), according to a person with direct knowledge of the matter, who requested anonymity as the matter is private.
Ukraine’s deputy minister of digital transformation Alex Bornyakov hailed the changes in a tweet. Binance CEO Changpeng Zhao, who sees crypto as a “terrible” method of avoiding sanctions, has previously described blocking all Russians from using crypto exchanges as unethical.
