Clean Break: the company completely halting Russian engagements or exiting Russia

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Binance cryptocurrency exchange - the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume.

 
 
 
 
 

Clean Break: the company completely halting Russian engagements or exiting Russia

Leave Withdrawal

The 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. Cryptocurrency exchange Binance said it will sell its Russia business to newly-launched exchange CommEX, becoming the latest company to pull out of Moscow since the country began its war against Ukraine.

The Company Statement
September 27, 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. Binance fully exits Russia after sale deal with startup CommEX.

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Statements Archive
November 29, 2023Binance quietly helped sanctioned Russian crypto exchange
November 11, 2023Binance to Sell Off Russian Operations
November 10, 2023Binance to End Support for Ruble Deposits Amid Russia Exit
November 01, 2023Binance stops working with its partner for ruble payments
October 04, 2023CommEX struggles to attract Russian clients as Binance exits
September 28, 2023The head of Binance shared details of the transfer of business to the Russian Federation
September 27, 2023The Binance crypto exchange is completely withdrawing from the Russian market
September 06, 2023Top Binance execs in Russia leave as firm considers exiting the market
September 05, 2023Binance will allow clients from the Russian Federation to withdraw assets in case of leaving the country
August 28, 2023In Russia, they proposed to block Binance for restrictions for Russians
August 28, 2023Crypto Giant Binance Considers Russia Exit
August 26, 2023Binance suspends P2P trading in Russia after sanctions enforcement investigation ends
August 24, 2023Binance dubs barred Russian banks on its platform as ‘Yellow’ and ‘Green’ cards
August 22, 2023Binance claims it adheres to Western sanctions in Russia. At least 5 blacklisted lenders are still processing payments for the exchange
June 18, 2023Binance technical support announced the cancellation of the €10,000 limit for Russians
May 05, 2023Binance Faces US Probe of Possible Russian Sanctions Violations
April 23, 2023Binance Ends Russian Account Limits as Country Uses Tech to Bypass Sanctions
April 21, 2023Crypto exchange Binance may have returned almost all functionality to Russian customers
April 18, 2023The Binance crypto exchange canceled the sanctions limits for Russians
March 09, 2023Binance banned Russians from buying dollars and euros via P2P
January 24, 2023Russian users of Binance complain about the blocking of accounts
December 05, 2022The top manager of Binance explained why the crypto exchange did not leave Russia
November 02, 2022Binance CEO Zhao Suggests Exchange Might Still Allow Russian Users
May 21, 2022Changes of Services to Users in Russia
March 08, 2022Crypto exchange Binance will stop accepting Mastercard and Visa from Russia
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