Binance Deactivates Accounts Of Its Major Clients In Russia As Part Of EU San...
The world’s biggest crypto exchange by trading volume, Binance, will deactivate the accounts of its Russian users, cutting its services in Russia as part of the EU compliance, the company said on Thursday. The exchange announced that Russian nationals, people living there, and companies holding digital assets worth over 10,000 euros would be restricted from […]
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Following the latest round of EU restrictions against Russia, digital asset exchange Binance is limiting services to Russian clients. The company pledged to lead the industry in implementing the sanctions and urged all major trading platforms to follow. Crypto Exchange Binance Cuts Services to Russian Accounts in Accordance With EU Penalties Binance, the world’s leading cryptocurrency exchange, is restricting services for Russian nationals or natural persons residing in Russia and legal entities established in the Russian Federation that have crypto assets exceeding €10,000....
Binance CEO previously said that crypto exchanges must comply with sanctions in a similar way to traditional financial institutions. Binance, the world’s largest cryptocurrency exchange by volume, is adopting major restrictions on users in Russia following the European Union’s fifth package of sanctions against Russia.Binance officially announced Thursday new limitations for Russian nationals or residents of Russia, restricting such persons from trading if they hold over 10,000 euros, or $10,800.Restricted accounts are no longer able to deposit or trade using Binance’s spot, futures and....
According to recent reports, the world’s biggest crypto exchange, Binance, targeted to block the Russian user accounts available on the sanctions list due to war. The action took place after Ukraine’s vice prime minister requested the world’s crypto exchanges to impede the cryptocurrency accounts of Russia’s traders and political persons. As a result, Binance ultimately […]
“In these circumstances we can no longer continue to serve our clients from Russia,” said Vitalii Kedyk, CEO of Currency.com’s Ukraine arm. Crypto trading company Currency.com has announced it halted operations for clients based in Russia following the country’s “violence and disorder” imposed on the people of Ukraine.In a Tuesday announcement, Currency.com said Russian residents would no longer be able to access its services following the platform’s decision to stop Russia-based clients from opening new accounts. According to Currency.com’s website, the Gibraltar-based crypto trading....
Digital asset exchange Binance has blocked accounts tied to relatives of government officials in Moscow. Amid mounting international penalties over Russia’s invasion of Ukraine, the trading platform said it will continue to check for users associated with sanctioned individuals. Crypto Exchange Binance Bans Children of Top Russian Figures Binance, the world’s leading cryptocurrency exchange, has blocked several accounts linked to relatives of some high-ranking members of Russian President Vladimir Putin’s administration, Bloomberg reported. The move comes as sanctions....