Binance Limits Its Services In Russia – Coin Bulletin

Binance, the world’s most used cryptocurrency exchange, is limiting its services in Russia.

Binance announced on its official website on April 21 that the European Union (EU) has formed against Russia. As part of the 5th sanctions package crypto assets 10,000 euros stated that the services of users who exceed it will be limited.

At the beginning of April, Binance announced that Russians were going abroad. not allow them to carry money has imposed sanctions on crypto wallets and banks for

Binance said in a statement, from 10.000 euro for users with excess funds to close their transactions given 90 days specified.

Also in the Binance statement:

Even if these measures affect normal Russian citizens, we must take the lead in enforcing the sanctions. We believe all other major exchanges should follow the same rules.

said.

Sharing the national financial stability report on April 20, the IMF stated that Russia could not carry money abroad. USA and UK He told regulators to monitor all transactions, including crypto companies, more carefully.

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