The largest cryptocurrency exchange Binance does not exclude its complete withdrawal from the Russian market. The newspaper reports Wall Street Magazine By referring to a Binance representative.
A representative of the crypto exchange said, “(From Russia. – socialbites.ca) all options are being considered, including a complete withdrawal.”
He also stated that the company prohibits Russian users from exchanging tokens for any currency. The exception is the ruble.
Binance crypto exchange since August 26, previously restrained the Russians P2P transactions in all currencies except the ruble. 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.
Previously, the US Department of Justice looking for Regarding the Binance crypto exchange, to determine whether it can 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.
Formerly US Treasury extended Sanctions against Russia.