Binance, one of the world’s largest crypto exchanges, is tightening restrictions on Russia. The company has announced that it will no longer support fiat deposits in Russian rubles effective November 15, 2023, with the option for users to withdraw rubles until January 31, 2024. This decision follows Binance’s move in March to halt transactions with dollars and euros in Russia due to constraints imposed by the tenth package of EU sanctions against the country. In September, Binance revealed its choice to exit the Russian market, and as part of this shift, users with ruble balances are encouraged to transfer their funds to the CommEX platform, where Binance is selling its business.
By Mariam Gorkhelashvili
