Crypto exchange Binance is considering a full exit from Russia

2023-8-29 15:08

Key takeaways

Binance is considering exiting the Russian market as it continues to face regulatory challenges in other parts of the world. 

The crypto exchange recently revealed that its users in Belgium will access its services via its Poland unit.

Binance to exit the Russian market

Binance, the world’s leading cryptocurrency exchange by market cap, is reportedly considering exiting the Russian market. This is according to a recent report by the Wall Street Journal. 

This latest cryptocurrency news comes as the crypto exchange continues to face regulatory challenges in Europe and the United States. 

The report pointed out that Binance is currently tackling multiple lawsuits with US regulators and is currently considering numerous options, including a full exit from the Russian market.

Binance is working to align itself with international sanctions

Binance said it is working to align itself with international sanctions following allegations that it is helping nationals move funds outside the United States earlier this year. 

The cryptocurrency exchange is working to block accounts belonging to Russian nationals with connection to the Kremlin. 

In 2022, the crypto exchange took steps to block accounts belonging to Elizaveta Peskova, the daughter of Dmitry Peskov, spokesperson for Russian leader Vladimir Putin. 

Binance also said it shuttered accounts from others connected to family members of top Russian officials. The moves came following sanctions against Peskova by the US Treasury. 

The cryptocurrency exchange has been facing regulatory challenges in the United States and other parts of the world.

Earlier this month, Binance informed its users in Belgium that they could now access its services via Binance Poland, the crypto exchange’s Polish-regulated arm. The move was to ensure that Binance complies with regulatory requirements in the country.

The cryptocurrency exchange also discontinued support for its crypto-backed debit card for customers in Latin America and the Middle East earlier this month. However, Binance didn’t specify the reasons behind its decision. 

The US and EU have imposed sanctions on Russia after it invaded Ukraine last year. They have imposed bans on the acquisition, import, or transfer of coal and other solid fossil fuels.

The post Crypto exchange Binance is considering a full exit from Russia appeared first on CoinJournal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0.0095806 (+7.58%)
Объем 24H $0
Изменеия 24h: 2.35 %, 7d: -7.78 %
Cегодня L: $0.0086651 - H: $0.0095806
Капитализация $183.154k Rank 1690
Доступно / Всего 19.117m EMD / 32m EMD

crypto considering exchange binance revealed world 160

Источник: coinjournal.net

crypto considering → Результатов: 126


Фото:

Apollo Space Token’s Decentralized Star Naming Registry Marks Huge Success in Just a Week of Launch

It is no doubt that Non Fungible Tokens have emerged as an instrument of high significance in the crypto sector considering its successes and the rising enthusiasm it keeps gaining in the industry. Initiated NFT projects are thereby making consistent success stories while gaining the interests of top celebrities all around the world. Relatively, a […]

2021-5-22 17:34


Фото:

Citi Sees ‘Very Rapid’ Accumulation of Interest in Bitcoin — Contemplates Launching Crypto Services

Citigroup is reportedly seeing a “very rapid” accumulation of interest in bitcoin across a broad spectrum of clients, including large asset managers. The bank is now considering launching its own crypto services as a growing number of banks are offering bitcoin-related services to their clients, including Goldman Sachs and Morgan Stanley. Citigroup is reported considering […]

2021-5-9 03:30


Nebeus Review 2021 | How Safe is Nebeus Crypto Lender?

With the hacks on online crypto exchanges and crypto wallets on the rise with the explosion of Bitcoin price, considering a cold wallet might be a good data security move. What if there was a crypto exchange that provided you with cold-wallet storage right on their exchange site? If your answer is a wholehearted “Yes”, […] The post Nebeus Review 2021 | How Safe is Nebeus Crypto Lender? appeared first on CaptainAltcoin.

2021-5-4 17:37


Фото:

Following PayPal’s Foray, eBay Looking to Storm Vibrant Trillion-Dollar Crypto Market

E-commerce giant, eBay Inc, has revealed a tentative plan to include crypto payments among its range of payment options for customers. The world’s 66th most valuable company made this announcement in a CNBC interview with the company’s CEO, Jamie Iannone, who stated that the company has started ‘considering’ the option given the growing demand for […]

2021-5-4 12:59


Фото:

Charles Schwab Survey: Young UK Investors Prefer Cryptocurrencies to Stocks

Major U.S. financial group Charles Schwab has conducted a survey and found that young British investors are twice as likely to buy cryptocurrencies, such as bitcoin, as they are to buy stocks. The company says it is watching the crypto space closely but needs “additional clarity from regulators” before considering providing any crypto services directly […]

2021-4-27 21:30


Фото:

Ken The Crypto Gives Clear Picture on Tactics to Explore The 2021 Bull Market

It is no doubt that the growing enthusiasm for cryptocurrencies has been on a skyrocketing pace since the beginning of 2021. Considering the exclusive interest for cryptocurrencies that have been snapping up amongst the public in 2021, it is very correct to tag the year a “Bitcoin Year”, as cryptos have won over 2021. Meanwhile, […]

2021-4-6 15:30


Фото:

Terra (LUNA) price analysis for March

Bitcoin (BTC) price is leading the crypto market lower on rumours that India is considering a crypto ban. Fundamental analysis: A possible crypto ban in India sends crypto market lower After hitting a new all-time high of more than $60,000, Bitcoin dropped below $55,000 with one of the possible reasons behind this move lower are […] The post Terra (LUNA) price analysis for March appeared first on Invezz.

2021-3-17 13:37


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Is Algotech a ‘buy’ after reports of Bezos involvement in Amazon AI efforts?

Jeff Bezos is reportedly concerned that Amazon.com Inc may be falling behind its big tech peers in artificial intelligence. Bezos sees transformative potential in AI An anonymous source that talked to CNBC this week also revealed that the founder and former chief executive is “very involved” in what $AMZN is doing to excel in the […]

US Senate votes to overturn SEC rule, allowing regulated firms to hold Bitcoin

60-38 in the Senate voted in favour of overturning the SEC rule. Bipartisan support signals a potential shift in crypto regulation. Presidential veto possible. In a landmark decision, the US Senate has voted to overturn a key Securities and Exchange Commission (SEC) rule that barred regulated financial firms from holding Bitcoin and other cryptocurrencies.

Jack Dorsey predicts Bitcoin will reach $1 million by 2030 amid regulatory challenges

Twitter co-founder Jack Dorsey has projected that Bitcoin’s value could soar to at least $1 million by the year 2030. In a recent interview with journalist Mike Solana on Pirate Wires, Dorsey shared his bullish outlook for the cryptocurrency, suggesting that it might even surpass this milestone within the next decade. This statement comes as […]

KangaMoon price prediction after Pompliano’s bullish remarks on Bitcoin

The sell-off in Bitcoin following the halving event was not unexpected, says Anthony Pompliano. He’s the founder of Pomp Investments.  What Pompliano said in a CNBC interview BTC now has its 200-day MA at a record high despite recent volatility which suggests the world’s largest cryptocurrency “continues to trend upwards over the long run”, he […]