This week, many cryptocurrency exchanges have announced that they are no longer serving Russian users.
Only the Binance platform has stated that it will not leave the Russian market but plans to comply with the sanctions imposed on the country.
At the end of this week, it became known that the Binance administration decided to limit the service to its users, who turned out to be clients of Russian banks that fell under European and American sanctions.
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The company froze its digital assets, this information was later confirmed by Gleb Kostarev, who heads the exchange branch in Eastern Europe. Stopping the service is related to the need to comply with the sanctions policy.
Moreover, if additional restrictions are imposed on banks and exchange users, Binance will be forced to comply with them.
Earlier, reports began to appear on social networks that customers of some banks allegedly could not use their cards to fund accounts on Binance. When they tried to operate, they received a notification that this option is not currently supported.