Crypto exchange Binance complies with the latest EU restrictions for Russian users.
The company pledged to lead the industry in implementing the sanctions and urged all major trading platforms to follow.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 in value.
to ban the provision of “high-value” crypto asset services to Russian businesses and citizens in response to Moscow’s ongoing military invasion of Ukraine.. Accounts that classify under this restriction will be put into withdrawal-only mode, the exchange explained, and their holders will not be allowed to make deposits or trade. The same applies to spot, futures, custody wallets, and staked and earned deposits.
At the same time, accounts of Russian nationals residing outside the Russian Federation and those of Russian citizens, residents, and companies in Russia that remain below the €10,000-threshold will not be affected and will remain active, Binance emphasized.
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