One of the largest crypto exchanges, Binance, has restricted the buying and selling of euros and dollars through its p2p service for Russians. Company representatives reported this to Forbes, adding that such a decision is related to the 10th package of sanctions against Russia.

Binance banned Russians from selling and buying currencies via p2p

The ban applies not only to citizens of Russia, but also to people residing in the country. Also among the restrictions is a ban on European citizens buying and selling Russian currency via p2p.

P2p services have been popular among Russians since 2022. The tool allows you to transfer funds abroad, which is why it has become in demand in the Russian Federation amid the disconnection of banks from SWIFT. With p2p, you can send money from one crypto wallet to another, as well as buy cryptocurrency.

In April 2022, Binance introduced a €10,000 limit for Russians to store funds in their crypto wallets. At the same time, the eighth package of EU sanctions imposed a complete ban on the use of European crypto wallets for Russian citizens. However, Binance did not deprive the Russians of this opportunity.


Natalia Gormaleva

Source: RB

Previous articleSoundbar Samsung: Explore 4 models
Next articleFacebook* to restore in-app messaging functionality
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.


Please enter your comment!
Please enter your name here