Binance considers a full exit from Russia: WSJ | Headlines | News | CoinMarketCap
08/29/2023 11:14
Binance, the world’s largest cryptocurrency exchange, is reevaluating its business in Russia as it faces legal risks in the country, according to a …
Binance, the world’s largest cryptocurrency exchange, is reevaluating its business in Russia as it faces legal risks in the country, according to a report from the Wall Street Journal.
The exchange is weighing different options for its Russia operations, including a full withdrawal from the market, a Binance spokesperson told the media outlet.
Earlier this week, Binance’s peer-to-peer service removed five sanctioned Russian lenders from its site that had previously given users the means to transfer rubles to each other.
A Binance spokesperson told The Block today that it did not have further comment on the matter.
Legal, regulatory trouble
Also this week, the Journal reported that Binance was helping people in Russia to move money abroad. That report came after the U.S. Justice …