The Binance cryptocurrency exchange may leave Russia entirely. The company decided to rethink its work in the “once important market.” A few days ago, Binance placed restrictions on Russians to trade any currency other than ruble through the Binance P2P service.
Binance, the world’s largest cryptocurrency exchange, is considering options to exit the Russian market. This was reported by The Wall Street Journal, citing a representative of the company.
“All options are being considered, including a full exit,” Binance told the newspaper. The company representative did not provide other details about Binance’s possible exit from Russia.
On August 26, Binance introduced restrictions so that Russians who have passed the KYC verification can trade any currency other than the ruble through the Binance P2P service. This tool allows you to transfer funds abroad, which is why it has become in high demand in the Russian Federation amid the disconnection of banks from SWIFT.
Author:
Kirill Bilyk
Source: RB
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