Binance halts transactions with EU-sanctioned crypto platforms
The world's largest cryptocurrency exchange has joined sanctions against Russia. The largest cryptocurrency exchange by trading volume, Binance, will restrict operations with cryptocurrency platforms included in the latest European sanctions package against Russia.
Consensus
- Binance announced it will stop processing transactions involving certain cryptocurrency platforms.
- The platforms are subject to sanctions from the European Union.
- The restrictions are due to recent legislative changes.
- Transactions involving the sanctioned platforms may be suspended and subject to verification.
- Account restrictions may be applied during the verification process.
- The restrictions are tied to the EU's 21st sanctions package against Russia.
- The measures affect multiple crypto platforms, with different effective dates.
Points of divergence
- Sanctions against Shelbit and Aban Tether Exchange were introduced by the EU on August 7, and the U.S. Department of the Treasury also imposed sanctions on them on the same date. — tg_echoonline_news
- The EU adopted the 21st sanctions package on July 23, and 14 crypto platforms were included in it. — tg_moscowtimes_ru
Coverage (2 sources)
- Binance announces cessation of work with crypto services sanctioned by the EU against Russia — ЭХО / Новости
- World's largest crypto exchange joins sanctions against Russia — The Moscow Times