WSJ: Binance has recently stopped imposing trading restrictions on Russian customers

Odaily Planet Daily News Binance has recently processed a large number of ruble transactions, or violated global sanctions. A recent review of the Binance peer-to-peer service website revealed that Binance recently offered Russian customers at least five sanctioned Russian banks (including Ross Bank and Tinkoff Bank) as options for processing payments. Additionally, data shows that on Binance’s main exchange business, trading volumes in Russia have fallen from their peak in early 2022, but have picked up in recent months, with Binance processing $8 billion in rubles in July Cryptocurrency transactions, most of which are USDT. In recent months, Binance customer service volunteers have told users of the Telegram group that the exchange no longer imposes any trading restrictions on Russian customers, which were introduced in April 2022 to comply with EU sanctions . In addition, Binance has provided Russians with a payment channel for entering and exiting cryptocurrencies using the traditional financial system through Advcash since 2019. Former Binance employees said they expressed concerns about the cooperation with Advcash, and its website did not provide information about its executives or ownership. details. (Wall Street Journal)