Binance has no plans to stop serving Russian users yet

by in Cryptocurrency News


A fresh round of sanctions on Moscow is being prepared by the European Union.

Brussels is investigating ideas for a total ban on cryptocurrency transfers for Russians. Russian Federation residents in particular won't be allowed to utilize bitcoin wallets and sites that are registered in the eurozone.

The largest cryptocurrency exchange, Binance, however, said the day before that it has not yet prepared any new limitations on Russian people or businesses.

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The trading platform runs as usual in the Russian Federation, and its users may access all services.

Nevertheless, the Binance administration adheres to the sanctions regime. In addition, the company reminds that it fully complies with anti-money laundering legislation and ensures maximum transparency so that all users of the platform are identified.

From April 21, there is a limit on transactions up to 10,000 euros for citizens of the Russian Federation on the Binance exchange.