Compliance & Anti-Financial Crime
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Crypto, Sanctions

Binance limits Russian services but says it will not ‘unilaterally freeze millions of innocent users’

By Alisha Houlihan for AMLi

Global cryptocurrency exchange, Binance will deactivate the accounts of its biggest clients in Russia as part of European Union sanctions, the company said on Thursday.

Binance informed users that Russian citizens and those based there who own crypto worth more than $11K (€10K) would not be able to make new deposits or trade.

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