Binance, the world’s largest cryptocurrency exchange, banned dollar and euro trading via P2P (peer to peer) services in Russia, while also deactivating the ruble trade of European Union (EU) citizens.
Forbes Russia recently reported that the EU’s application to Russia sanctions package under the scope of Binance’s Russian citizens and users residing in Russia P2P through its services dollar and euro trading transactions that you banned explained. Also for EU citizens ruble trading transactions out of order It was among the information that was left.
The EU is giving Russia a financial aid through sanctions. embargo The main purpose of restrictions when applying is applied to Russian citizens and users residing in Russia SWIFT embargo prevent piercing it turned out to be.
crypto consulting firm Crypto Holdings Founder Alexei Zyuzin, ruble-crypto-euro/dollar between arbitrage trading users, as well as the frequent use of the P2P mechanism. SWIFT While expressing that it is also used for a similar transfer process, the sanction applies to users in general. will not affect only users belonging to these groups will be negatively affected stated.
Binance launched crypto assets under sanctions in April of last year. 10,000 euros services of Russian citizens exceeding if it limits Unlike other stock exchanges, it operates in Russia. not to terminate had chosen.