Binance has just announced restrictions for accounts of residents of Russia with more than €10,000 in crypto assets. From now on, they will only be able to withdraw funds.
The company does not plan to stop providing services in Russia yet. However, Binance has noted that they are monitoring the political situation and, if international sanctions against the country expand, they will also be applied.
The announced measures have followed the adoption of the fifth package of EU restrictive measures against Russia.
The exchange will provide 90 days for sanctioned users to close futures positions. Restrictions do not apply to citizens of Russia living outside its borders.
