The crypto trading platform Binance has lifted some restrictions for Russian users. However, there has been little communication from the platform about this.
After imposing some restrictions in April 2022 for Russian users, crypto exchange Binance has just lifted some limits such as the €10,000 limit it had imposed on Russian accounts.
Indeed, just a year ago, Binance complied with European sanctions against Russia, and imposed restrictions on the country’s citizens, like many other platforms.
The Forklog site reports that Binance has also restored support for Russian bank card transactions, including Visa and Mastercard credit cards.
The platform’s technical support also reportedly confirmed this to users in the country:
No restrictions on accounts, you can make a deposit without worrying about the limit of funds.
Russian users who can therefore again deposit Russian rubles, euros, pounds sterling and other currencies from bank cards issued in Russia that are still blocked in many countries, in retaliation for the invasion of Ukraine by the Russian army.
The crypto exchange has not yet communicated publicly about these lifts of restrictions on Russian users.
Binance’s CEO recently stated that his company respects the sanctions in place within the European Union but that some of its legal entities outside the EU may be able to accept Russian citizens.