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Binance leaving Russian market is ‘on the table’: Report

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Amid sanctions from many countries following the invasion of Ukraine, Binance has had to modify its services in Russia — but may be considering “a full exit,” according to a report.

from available payment options on its peer-to-peer platform and adding fiat currency restrictions for Russia-based users.

A global exchange without a brick-and-mortar headquarters, Binance operates in many countries but has received pushback from authorities in regard to its activities in Russia. In the United States, Binance, Binance.US and Binance CEO Changpeng Zhao face a lawsuit filed in June by the Securities and Exchange Commission. The Justice Department was also reportedly

for potential violations of U.S. sanctions that went into effect shortly after the Russian invasion of Ukraine.

 

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