The State Financial Monitoring Service of Ukraine addressed Binance with a corresponding request. In the appeal, the service noted that the number of cryptocurrency operators storing cryptocurrency assets in financial institutions under sanctions to circumvent sanctions is growing in Russia. In addition, P2P dealers, including Binance, were also used to convert funds from Russian rubles into cryptocurrencies. Therefore, the exchange was excluded from its list of Binance P2P sanctioned Russian banks – Sberbank, Gazprombank, Alfa-Bank, Otkrytie, VTB, Mir.
The world’s largest cryptocurrency exchange has disconnected sanctioned Russian banks from P2P.
The world's largest cryptocurrency exchange has disconnected sanctioned Russian banks from P2P.