Users of the major cryptocurrency exchange Binance announced a ban on Russians from buying and selling any currency other than the Russian ruble via P2P service. The ForkLog cryptocurrency magazine and VC.Ru edition drew attention to this.
According to Russian users of the DTF platform, when trying to buy a currency (for example, Turkish Lira), a message appears: “Select a local currency for P2P trading. This is required in accordance with the Binance rules for the country you specified during verification.
Screenshot of the message when trying to buy currency in Binance //DTF
In March, Binance as part of the tenth The EU sanctions package banned Russians from buying and selling dollars and euros through its P2P service — then the restrictions did not apply to other currencies.
In May, it became known that the US Department of Justice launched an investigation into the exchange due to suspicions of helping Russians to circumvent sanctions. Binance representatives themselves insist that the company complies with all the restrictions imposed as part of the sanctions against Russia.
In April 2022, Binance limited the value of assets for Russians that can be stored on exchange wallets — the amount of funds should not exceed 10 thousand euros. Later, as RBC journalists were told in the Binance support service, this restriction was canceled.