CommEx, Binance's successor in Russia, halts operations and stops accepting deposits. Users advised to withdraw assets as platform winds down. Closure follows Binance's sale of Russian business in 2023 amid global scrutiny and regulatory challenges. Former Binance CEO faces legal issues.
EdmundDiscover the strategic implications of Binance's recent decision to discontinue Russian Ruble (RUB) services. Understand the impact on users, the reasons behind this significant move, and the subsequent shifts in the global crypto market landscape.
WeiliangBinance Russia users will have only until 31 January 2024 to withdraw their rubles from the exchange.
CatherineThe State Duma, the lower chamber of the Federal Assembly of the Russian Federation, passed the digital ruble bill also known as Russia’s central bank digital currency (CBDC) in its third reading on July 11, 2023.
BitcoinistBinance is allowing users to make payments with Russian bank cards for the first time since March.
BeincryptoPro-Russian groups are raising funds in cryptocurrency to prop up paramilitary operations and evade U.S. sanctions as the war with Ukraine wages on.
Others
NulltxRussia is turning to blockchain technology in an effort to counteract the economic isolation brought on by the sanctions imposed due to its invasion of Ukraine.
CointelegraphThe exchange said it was "categorically false" that it shared user data with Russian regulators, and it had stopped working in the country following the invasion of Ukraine.
CointelegraphBinance blocked the account of the Kremlin spokesman’s daughter when she tried to use the exchange following the economic sanctions imposed upon Russia.
Cointelegraph