Binance has introduced restrictions for users from Russia

22.04.2022 12:21
by Artem Ustinov
1 min read

Binance has introduced restrictions for users from Russia

Bitcoin exchange Binance has announced restrictions for accounts of residents of the Russian Federation. The accounts with the total value of crypto assets exceeding €10,000 will be able only the withdrawal function.

Binance has no plans to stop providing services in Russia yet. However, the company is monitoring the political situation and, in the event of an expansion of international sanctions against the country, they will also be applied.

The exchange will provide 90 days for sanctioned users to close futures positions. The restrictions do not apply to citizens of the Russian Federation living outside its borders.

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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