Allegedly, the crypto exchange Binance has lifted the sanctions imposed on Russian citizens, restoring many functions specific to the exchange.
According to Russian media Forklog, Russia-based Binance users after about 1 year hiatusTransaction bans removed. In the transferred details, users MasterCard And Visa via debit cards, including Russian ruble, Euro, English sterling and started to trade with other currencies.
On the other hand, on the Binance front, it was stated that the said activities were opened. No official statement has been received.. A Binance spokesperson, who made a statement to the global media on the subject, said, sanctions continue to be fully implemented. stated:
All current restrictions on sanctions against Russian citizens are fully implemented by our exchange and legal entities in the European Union.
The chain of sanctions that started with Russia’s invasion of Ukraine extended to cryptocurrencies. EU and USA SWIFT comprehensive, including from financial sanctions Sanctions were expanded shortly after, and crypto companies over 10,000 euros banned from serving Russian users with account balances.
Including Binance at the time Crypto.com And Blockchain.com leading actors such as On the other hand, Binance CEO speaking at the Web Summit held in Lisbon, Portugal in October 2022. Changpeng Zhao (CZ) He drew attention with the following statement on the subject and signaled that the activities could be reopened:
We are against war dictatorships. We are not against the people. Some legal entities outside the EU may continue to serve Russians, we will not interfere with this.