Binance Closed Transfers And Withdrawals for Russians

Crypto exchange Binance after much deliberation closed the possibility for Russians to make transfers and withdrawals of money to foreign banks, regardless of their country of residence.

The Minister of Digital Transformation of Ukraine, Mikhail Fedorov, published screenshots of the Russian user’s correspondence with the Binance support service on Telegram.

According to him, the user, a resident of Dubai, contacted the exchange’s support service to ask why he could not withdraw funds to a bank account.

He was told that “the payment system is not available for users of the region of your place of birth, despite the fact that you are a resident of another country.”

Previously, Binance blocked several accounts belonging to relatives of high-ranking Kremlin officials.

On February 24, Russia carried out a paramilitary invasion of Ukraine on several fronts, shelling Kharkiv, Kyiv, Sumy, Chernihiv, Vinnytsia and other cities of various calibres.

The Ukrainian army is holding back the invasion of the enemy. From the hottest spots, the civilian population is trying to evacuate to other cities or even countries.

The world community organized to help the refugees and the Ukrainian army and imposed strict sanctions against Russia.

The BTC-Alpha team together with trusted volunteer communities created a charity fund ‘Alpha for Ukraine’. You can make a donation to help everyone in Ukraine who needs medicines, humanitarian aid and to support the defence of the country.

Post a Comment