Binance Expands Restrictions to Russian Traders

Crypto exchange Binance has just announced that it will block transactions through banks that are on the sanctions lists through the P2P service.

According to the trading platform owned by Changpeng Zhao (CZ), these transactions will be rejected regardless of who makes them, a company or a citizen.

The Binance management team has recently announced the termination of servicing Visa and MasterCard cards issued by Russian banks.

The Russian banks Promsvyazbank, VTB, Rossiya, Sovcombank, Sberbank, Gazprombank, Alfa-Bank, MKB, Rosselkhozbank and KB Otkritie are now on the sanctions lists imposed by the US and other western countries.