Crypto Exchange Binance Bows to European Sanctions and Limits Russian Services

The world’s largest cryptocurrency exchange will comply with European Union sanctions against Russia for its invasion of Ukraine and limit services in the country.

Russian nationals, residents, or businesses in the country with crypto assets exceeding €10,000 ($10,900) will not be able to deposit or trade, and may only withdraw, Binance said Thursday. The move follows a fifth round of EU sanctions against Russia earlier this month that included specific restrictions on digital asset services.

Source: https://www.barrons.com/amp/articles/crypto-exchange-binance-sanctions-russia-51650541486