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Cryptocurrency exchange Binance to exit Russia
by
Mophymac
on
27/09/2023, 21:41:37 UTC
https://www.ft.com/content/003180ec-01a5-4585-b1f3-44320fc89ddf
Binance, the world’s biggest cryptocurrency exchange, is exiting Russia by selling its business in the country to a venue that launched only a day ago.
Binance on Wednesday said it intends to cease all exchange services and business operations in the country over the coming months and would sell the assets for an undisclosed sum to CommEX.
https://www.ft.com/tour
.
https://www.ft.com/content/003180ec-01a5-4585-b1f3-44320fc89ddf
The move comes two months after the exchange denied media reports it had helped customers move funds held in sanctioned Russian banks out of the country.