Cryptocurrency exchange Binance joins EU sanctions against Russia and limits services for citizens of the aggressor country – individuals and legal entities with crypto assets worth more than €10,000. Deposits or trading on such accounts are prohibited.

For the accounts of citizens of the aggressor country, regardless of whether they live in Russia or not, limits on deposits and trade are introduced. Only withdrawals are allowed. Trade positions that are already open have 90 days to close, after which they will be automatically deleted.

“We believe that all other major exchanges should follow the same rules.”

Binance Team

The crypto exchange also reminds all customers that it is necessary to complete the address verification on the service, otherwise the accounts may be subject to sanctions.