Binance, the most popular crypto trading platform, has removed its limitations for Russian users that were put in place after the disagreement between Russia and Ukraine broke out.
Binance users in Russia can add money to their accounts by using bank cards issued in Russia. This includes:
- Russian rubles.
- Euros.
- British pounds, and other currencies.
Furthermore, the exchange has removed any restrictions on balances of over 10,000 euros for accounts associated with Russia.
In March of last year, Binance stopped accepting Visa and Mastercard deposits from Russia. As well as any card transactions originating in the country.
This was in response to the sanctions imposed by the US and Europe. Which included cutting Russia off from the international banking network SWIFT.
In August 2022, the EU imposed restrictions on Russians using cryptocurrencies by limiting them to a maximum of €10,000 in their crypto wallets.
Binance, along with other crypto platforms, respected the EU sanctions and put restrictions on the accounts of Russian people. But now, it seems like these sanctions have been removed without a public announcement.
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