Reducing Activities: company scaling back some business operations while continuing others
Wait Scaling Back
Binance
Binance
Binance cryptocurrency exchange - the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume.
Reducing Activities: company scaling back some business operations while continuing others
Wait Scaling BackThe world's largest cryptocurrency, Binance, said it did not exit the Russian market because there are no "global sanctions" against it. Binance Discontinues Support for Peer-to-Peer (P2P) Payment through five approved Russian banks. The news follows reports that the company’s P2P crypto exchange failed to enforce international sanctions against some banks.
The Company Statement
September 06, 2023
Initially restricted Russian accounts with over €10,000. Binance has banned Russians, as well as any individuals living in Russia, from buying and selling dollars and euros through its P2P service. But later Crypto exchange Binance removed the limit of 10,000 euros for the accounts of Russians. Binance has returned the possibility of paying deposits with Russian cards. Customers of the Binance crypto exchange from Russia can now replenish deposits from Qiwi wallets and through bank cards issued in Russia. Russian users of the Binance bitcoin exchange will be able to withdraw funds if the company leaves the country.
| September 05, 2023 | Binance will allow clients from the Russian Federation to withdraw assets in case of leaving the country |
| August 28, 2023 | In Russia, they proposed to block Binance for restrictions for Russians |
| August 26, 2023 | Binance suspends P2P trading in Russia after sanctions enforcement investigation ends |
| August 24, 2023 | Binance dubs barred Russian banks on its platform as ‘Yellow’ and ‘Green’ cards |
| August 22, 2023 | Binance claims it adheres to Western sanctions in Russia. At least 5 blacklisted lenders are still processing payments for the exchange |
| June 18, 2023 | Binance technical support announced the cancellation of the €10,000 limit for Russians |
| May 05, 2023 | Binance Faces US Probe of Possible Russian Sanctions Violations |
| April 23, 2023 | Binance Ends Russian Account Limits as Country Uses Tech to Bypass Sanctions |
| April 21, 2023 | Crypto exchange Binance may have returned almost all functionality to Russian customers |
| April 18, 2023 | The Binance crypto exchange canceled the sanctions limits for Russians |
| March 09, 2023 | Binance banned Russians from buying dollars and euros via P2P |
| January 24, 2023 | Russian users of Binance complain about the blocking of accounts |
| December 05, 2022 | The top manager of Binance explained why the crypto exchange did not leave Russia |
| November 02, 2022 | Binance CEO Zhao Suggests Exchange Might Still Allow Russian Users |
| May 21, 2022 | Changes of Services to Users in Russia |
| March 08, 2022 | Crypto exchange Binance will stop accepting Mastercard and Visa from Russia |
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