Binance crypto exchange reportedly implemented limited P2P transactions for Russians in all currencies except rubles since August 26 Frank Media.
Restrictions apply to customers who pass the “Know Your Customer” (Know Your Customer, KYC) verification in Russia.
One of the Russians confirmed to the portal that he has lost the ability to perform P2P transactions in foreign currencies.
It was previously reported by the US Department of Justice. amount An investigation into the Binance crypto exchange to determine if it could be used by Russian citizens to circumvent sanctions and transfer funds.
The investigation is being conducted by the ministry’s national security office. According to the agency, it is intended to reveal whether Binance or company officials violated sanctions against Russia.
A source said that the cryptocurrency exchange is meeting with the Ministry of Justice to resolve previous complaints that it was being used to evade sanctions against Iran before stricter sanctions were imposed.
Bloomberg said in a statement that Binance fully complies with all US and international financial sanctions.
Formerly US Treasury extended Sanctions against Russia.