The world’s largest cryptocurrency exchange, Binance, announced its exit from Russia.
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The crypto exchange has entered into an agreement to sell its entire Russian business to the crypto exchange company CommEX. The details of the agreement are not disclosed, but it is known that as part of the agreement, Binance will not receive profit in the territory of the aggressor country and will not be able to buy back its shares. This is stated in the statement of the crypto exchange.
Binance is expected to shut down its remaining exchange services and “other businesses” within a few months. In approximately one year, existing users and their assets will be transferred to the CommEX platform.
Let us recall that in August Heineken announced the sale of assets in Russia. The buyer was the largest manufacturer of perfumes, cosmetics and household products in aerosol packaging from the Stavropol region. 100% of Heineken shares in Russia (United Heineken Breweries LLC) were sold for just 1 euro.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.