2023-12-28 16:00:00
Crypto exchange Binance asked users from Russia to close positions by December 29. RBC writes regarding this.
The administration of the exchange sent out final reminders to clients whose “location is temporarily or permanently determined on the territory of the Russian Federation” regarding the need to withdraw funds.
The letter asks Russians to pay off all outstanding obligations, close all positions and withdraw funds to the CommEX exchange or any other crypto platform.
“The exchange warns that starting from December 29, 2023, all open positions will be gradually closed,” notes RBC.
Binance announced its departure from Russia at the end of September, explaining this by the requirements of the legislation of other countries where the company operates. The Russian assets of the exchange were sold to CommEX. Russians might connect their Binance account to their CommEX exchange account to conveniently transfer all their assets.
Binance and other crypto exchanges, following limiting the possibility of withdrawing funds from Russia through traditional payment systems and banks, have become a popular way to convert rubles into dollars and euros and transfer funds to cards of foreign banks. Since the beginning of 2023, once morest the backdrop of pressure from Western countries, crypto exchanges began to tighten the terms of service for Russians.
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