“While these measures are potentially restrictive to normal Russian citizens, Binance must continue to lead the industry in implementing these sanctions,” Binance said in an update on its website. “We believe all other major exchanges must follow the same rules soon.”
It is not clear where this data comes from, but there is growing evidence that Russians are turning to crypto as an alternative to the ruble as the currency crashes in response to the country’s economic isolation. In the six months ending March 2022, ruble-crypto trading volume topped 420 billion rubles, or more than $5bn, according to CryptoCompare.
Given Kazakhstan’s political unrest led to internet shutdowns that knocked bitcoin miners offline, there’s a chance Russia’s share of the sector may be even higher now.
Who says crypto currency can't be attacked by govt? Another scam or not
Make Dem leave Russia alone na