Ukrainian Deputy PM claims Binance no longer allows Russians to make transfers, withdraw money
Ukrainian Deputy PM reports that Binance no longer permits Russians to conduct transfers or cash out.
Ukrainian Deputy Prime Minister and Minister of Digital Transformation Mykhailo Fedorov claimed in a Telegram post that Binance, one of the largest global cryptocurrency exchanges, has stopped allowing Russians to perform transactions and withdraw money from their Binance accounts regardless of their residence.
Previously, Binance curbed services for users residing in Russia holding crypto worth over €10,000 but stated that non-sanctioned Russians, who can prove that they live outside the country through proof-of-address verification, would not be affected by these changes.
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