Binance explained this decision by the restrictions under the tenth package of EU sanctions against Russia.
The world’s largest cryptocurrency exchange, Binance, has closed the possibility for Russian citizens to buy and sell dollars and euros through its p2p service. This was reported by Forbes, citing a representative of the exchange.
Binance explained this measure by introducing the 10th package of EU sanctions against the Russian Federation.
The exchange has banned Russians, as well as any individual living in Russia, from buying and selling dollars and euros through its P2P service. In addition, Binance has banned EU citizens from buying and selling rubles via P2P.
“Users can choose other available fiat currencies to continue using Binance P2P,” said a spokesperson for the exchange.
The P2P services of Binance and other crypto exchanges were actively used by the Russians in 2022 as a tool for transferring money abroad, after ordinary SWIFT transfers became difficult. With the help of such services, you can transfer money from one crypto wallet to another or buy cryptocurrency.
Remember, on February 25, EU authorities approved the 10th package of sanctions against Russia. The EU has included three large banks in the sanctions package – Tinkoff, Alfa-Bank and Rosbank. Their assets on the territory of EU countries will be frozen, transactions with them will be prohibited, banks will be disconnected from SWIFT.
Rada approved sanctions against Russian banks for 50 years
news Correspondent.net on Telegram. Subscribe to our channel Athletistic
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.