On-chain analytics firm Inca Digital has claimed that cryptocurrency exchanges Huobi and KuCoin have circumvented the European Union’s (EU) sanctions on Russia.
In a report published by Bloomberg on February 24, of Inca Digital in a recent report Huobi And of KuCoin applied to Russia by the EU. circumventing the sanctions he said he said. In the report, the two major exchanges Sberbank issued by Russian banks such as bank cards via crypto purchase and sale mentioned that it provides the service.
Inca Digital claimed that KuCoin and Huobi continue to offer cryptocurrency trading services in Russia despite EU sanctions. In addition, the company Asset transfer outside of Russia often to do Tether (USDT) He also claimed to use
KuCoin CEO Jhonny Lyu made a statement on the subject through a representative, stating that the allegations do not reflect the truth, that KuCoin Seychelles law And to the regulations they also comply with the regulations of other countries. that they respect stated. It should also be investigated suspicious transactions also for cooperation voluntarily stated that they will.
Response from Binance in the Report
On the other hand, in the report, Russian customers local currency to cryptocurrency to translate multiple methods offered by Russian customers authentication without having to 10 thousand dollars as many assets to pull handled with the allegations that it allows Binance He also exercised his right of reply against the allegations.
Head of Global Enforcement at Binance Chagri Poyrazon authentication protocols they did not compromise also implement EU sanctions. first major stock market noted that they were. Poyraz, the most advanced security protocols will even try to dodge malicious users are always would be Therefore, dynamic security methods transition stated that they did. Chairman, any part of the P2P team workaround by with Russian organizations everything necessary to establish a connection kind of step of the allegations, stating that they does not reflect reality told.