World’s largest cryptocurrency exchange by trade volume Binance, Ukraine He gave a negative response to the request from the front.
Although Binance, which was asked to refuse to serve all users in Russia, refused, it may have had to do this with the incoming sanctions. Binance has recently come to the fore with its support to Ukraine.
What’s the Truth?
Looking at the posts of some Russian users shared by social media today, it is observed that there are problems especially in withdrawals or deposits of nominal money.
Today, Binance has started giving some Russian users the error that this function is not supported at the moment, trying to make these transactions.
This actually shows that some banks and cards with which the cryptocurrency exchange has a contract are having problems.
For now, all transactions of Russian users are not banned, and this small obstacle may be caused by the bank, as mentioned.
Despite this, Binance emphasized in its statement after the event that they took action to change this as soon as possible.
No official statement has yet been made on Binance’s official telegram channel for Russia. Binance Russia’s spokesperson also announced that there is no general ban for now.
Nobody blocked anything. This must be an error. If we change something, we’ll already let our users know about it.”
The war between Ukraine and Russia continues and the sanctions are getting heavier.
Exchanges such as Binance, on the other hand, oppose a general ban because they do not consider it appropriate to impose sanctions on innocent Russian citizens. The United States has yet to impose sanctions on stock markets.