The newly restricted Binance users related to Russia are no longer be able to deposit or trade using Binance’s spot, futures or custody wallets.
Binance, the world’s largest cryptocurrency exchange by volume, is adopting major restrictions on users in Russia following the European Union’s fifth package of sanctions against Russia.Thursday new limitations for Russian nationals or residents of Russia, restricting such persons from trading if they hold over 10,000 Euros .
The restriction relates to Russian nationals, natural persons residing in Russia as well as legal entities based in Russia, the announcement notes, adding: Restricted individuals and entities with open futures or derivatives positions will have 90 days to close their positions.
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