Binance, the world’s largest cryptocurrency exchange, is preparing to sever one of its last ties in Russia.
by Wall Street Journal November 1 According to the news presented on cryptocurrency exchange Binance, Ruble The institution that provides intermediary payments may terminate its partnership with Advcash.
Binance at the end of September in Russia all rights of its operations to CommEx He announced that he decided to sell and withdraw from the country. If this news, based on the reports of people familiar with the subject, becomes reality, it will be one of Binance’s last ties in Russia. severed will be.
An Advcash spokesperson the to Block In his statement, he is not yet with the Binance team. that they did not have such a conversation he stated. On the other hand, Advcash front prevents customers from making transactions in Rubles. March 2022 that they have stopped and as a company, all legislation with compatible He emphasized that they were:
We categorically deny that Advcash has facilitated any movement of funds between any sanctioned bank and Binance. Advcash stopped processing RUB-denominated credit card deposits from its customers in March 2022. As a regulated payment platform, Advcash is committed to complying with all applicable legislation.
As a result of the pressures and sanctions, especially from the US front, cryptocurrency exchanges Russia, Iranian And Chinese It became increasingly strict against countries like these.