Binance to Limit Functionality of Accounts Belonging to Russian Users with More Than 10,000 Euros

Cryptocurrency exchange Binance continues to limit the opportunities for Russian traders.

According to the latest statement made by the company, now the users with at least 10,000 euros in assets will fall under the restrictions.

Russian traders only have the option to withdraw funds. Other functions, such as trading and wallet replenishment, will be closed for users with assets of more than 10,000 euros.

The Binance press service has emphasized the exchange does not plan to stop working on the Russian market. However, the platform supports the sanctions policy imposed on Russia by Western states.

Accounts owned by citizens of the country and living in Russia with large capitals will not be able to use all types of services from the company.