Binance announced its departure from Russia; The cryptocurrency exchange will sell its Russian business to CommEX. This is indicated on the site’s website.
Binance has entered into a sales agreement for an unspecified amount. The terms of the agreement do not provide for a buyback. The transition of existing users is planned to take place within one year.
As noted in the company’s statement, all assets are securely protected.
“As we look ahead, we recognize that operating in Russia is not compatible with Binance’s compliance strategy,” said Noah Pearlman, the exchange’s chief compliance officer.
The platform will notify users about the transfer of their assets to CommEX in the near future. In Russia, exchange services will stop working in a few months.
The press service statement emphasizes that Binance will completely cease its activities in Russia. It is indicated that, unlike other transactions carried out by foreign companies in the Russian Federation, the exchange does not retain the right to receive part of the profits after the transaction.
At the end of August, the platform limited P2P transactions for Russians in all currencies except the ruble. A few days later, the media wrote that the company was thinking about leaving Russia. In early September, two senior Russian managers left Binance.
Author:
Natalia Gormaleva
Source: RB
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