According to the news published by the leading news site Politico, crypto exchanges Huobi And KuCoincontinues to serve customers of Russian banks that have been sanctioned due to the war.
The news source made his claim by citing a recent report by Inca Digital. Crypto research company Inca, in its report, claimed that money can be easily transferred to the said exchanges through banks that were sanctioned due to the Ukraine war.
Inca Digital CEO Adam Zarazinski confirmed that Huobi and KuCoin do not accept funds directly from sanctioned banks. However, according to Zarazinski, stock markets are clearly “space” However, he insists on not taking any action.
The researchers did not examine only two crypto exchanges in their report. In the Inca Digital report, it was claimed that Binance, the largest crypto trading platform, also offers Russian users an alternative with the peer-to-peer market.
Binance however, denied these allegations.
It is known that the sanctions on the crypto market, especially in the USA, have become more aggressive recently. Considering this situation, it is estimated that stock markets that support Russia may be subject to serious sanctions.
Exchanges Block Russian Users
Industry leader Binance suspended payment methods from some Russian sources in the early days of the war. coinbase Some exchanges, such as Russia, have chosen to directly block their customers residing in Russia.
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