Binance limits crypto services to Russian users after EU’s latest sanctions package
Following the European Union’s (EU) fifth sanctions package against Russia, Binance has begun taking “restrictive measures” against Russian users and entities.
Russian users with accounts holding more than €10,000 in cryptocurrencies will face the brunt of these measures. These accounts will not be able to deposit any funds, and users will be expected to close their accounts within 90 days.