Binance continues to restrict opportunities for Russian traders

by in Cryptocurrency News

Binance

In early March, the Binance administration announced that the company would not leave the Russian market. However, the exchange will limit the service to users as part of compliance with the sanctions legislation.

This week it became known about new restrictions on investors from the Russian Federation.

As RBC clarifies, citing a representative of the trading platform, Binance will block transactions through banks that are on the sanctions lists through the P2P service. Such transactions will be rejected regardless of who makes them, a company or a citizen.

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Note that recently the administration of Binance announced the termination of servicing Visa and MasterCard cards issued by Russian banks.

The cards of the same payment systems issued in other countries were blocked.

Promsvyazbank, VTB, Rossiya, Sovcombank, Sberbank, Gazprombank, Alfa-Bank, MKB, Rosselkhozbank and KB Otkritie are currently on the sanctions lists.