Binance Set to Curb Services to Russia Users After EU Sanctions

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Binance Set to Curb Services to Russia Users After EU Sanctions | Bloomberg archive.ph/mMqnx

21 sats \ 11 comments \ @cryptocoin 21 Apr 2022 bitcoin

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20 sats \ 1 reply \ @TheBTCManual 21 Apr 2022

I wonder if it will slap them as hard as Netflix when they canned Russian support lol

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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0 sats \ 3 replies \ @cryptocoin OP 21 Apr 2022

Announcement from Binance:

Accounts that classify under this restriction will be put into withdrawal-only mode. No deposits or trading will be permitted on these accounts.

[...] will be given 90 days to close out their positions. No new positions will be allowed to be added.

Binance must continue to lead the industry in implementing these sanctions. We believe all other major exchanges must follow the same rules soon.

Changes of Services to Users in Russia https://www.binance.com/en/support/announcement/4887e569afdf4b1e89e024371d3a49b9

0 sats \ 1 reply \ @cryptocoin OP 22 Apr 2022

There was another, later, post on SN for that announcement post:

Changes of Services to Users in Russia | Binance Support #21982 https://www.binance.com/en/support/announcement/4887e569afdf4b1e89e024371d3a49b9

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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0 sats \ 3 replies \ @cryptocoin OP 21 Apr 2022

The world’s largest cryptocurrency exchange by trading volume will reduce services to Russian persons or entities with crypto assets exceeding the value of 10,000 euros ($10,885).

0 sats \ 1 reply \ @cryptocoin OP 21 Apr 2022

The link for this post is an archive. The link for the article on the Bloomberg website follows:

Binance Set to Curb Services to Russia Users After EU Sanctions https://www.bloomberg.com/news/articles/2022-04-21/binance-set-to-curb-services-to-russia-users-after-eu-sanctions