Binance Does Not Plan to Introduce Restrictions for Russian Users

Reading time: < 1 minute

The European Union yesterday approved new sanctions against Russia that directly affect Russian crypto holders.

However, Binance has recently stated that it has not received any instructions from the EU. As a result, the trading platform does not plan to impose any restrictions against users from Russia, at least not yet.

According to the company:

“The information is not officially confirmed and there are no innovations and restrictions. You can withdraw funds.”

Russian individuals and legal entities who use European cryptocurrency wallets and trading platforms have fallen under the new sanctions.