Binance will leave Russia and sell the Russian business company CommEX.
The process of changing Binance users to another platform takes about a year. All active actions of current users remain safe.
As we look to the future, we recognize that operating in Russia is not compatible with Binance’s compliance strategy. We remain confident in the long-term growth of the Web3 industry globally and will focus our energy on growing Binance in the more than one hundred countries where we operate.
Noah Perlman, Director of Compliance
In the coming months, Binance will close exchange services and other business areas in Russia.
The company also added that it will not have the option to buy back its stake in the business in the future. [Binance]
Source: Iphones RU
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
