Crypto exchange Binance blocks Russian users targeted by sanctions


FILE PHOTO: Biance app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration

LONDON/MOSCOW (Reuters) - Crypto exchange Binance is blocking the accounts of any Russian clients targeted by sanctions, it told Reuters on Monday, but will not freeze the accounts of others after Ukraine called for a block on Russian users at major digital currency platforms.

"We're blocking accounts of those on the sanctions list (if they have Binance accounts) and ensuring that all sanctions are met in full," a spokesperson for the company said on Monday, declining to give further details.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

After power outage, San Francisco wonders: Can robot taxis handle a big earthquake?
Amazon's Zoox to recall 332 US vehicles over software error, NHTSA says
Uber and Lyft plan to bring robotaxis to London in partnerships with China's Baidu
Vodafone CEO among UK bosses who see AI, cyberattacks as top 2026 risks
China delays plans for mass production of self-driving cars after accident
Malaysian students win gold at International Robot Olympiad with Mars-exploration robot concept
Leica rolls out firmware update for its SL-System and Q3 camera family
China’s weather superpower bid takes aim at top AI model dataset
Meta’s Threads makes a play for podcasters and their rabid fans
Cyberattack disrupts France's postal service and banking during Christmas rush

Others Also Read