2023-9-28 17:47 |
CommEX, the new owner of Binance's local branch in Russia, will be registered in Seychelles and plans to serve Crimea, a sanctioned territory origin »
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Binance, the world’s leading cryptocurrency exchange, has made a decision to exit the Russian market due to ongoing legal concerns and regulatory challenges. The Russian crypto regulatory framework is strict although the country has started testing a digital ruble.
2023-9-28 13:02 | |
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Binance fully exits Russia with sale of business to CommEX. Transition will last a year, the exchange said in an announcement on Wednesday, September 27. Binance has announced its exit from Russia, with its business sold to newly formed cryptocurrency exchange CommEX.
2023-9-27 12:49 | |
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Binance, the popular crypto exchange, is exiting Russia and selling its local business to CommEX
2023-9-27 11:30 | |
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After various ups and downs in the Russian market, the world's largest exchange, Binance finally exited Russia, citing that market is not compatible with compliance. The post Binance Exits Russian Market, Sells Subsidiary to CommEX appeared first on BeInCrypto.
2023-9-27 11:21 | |
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U.S. Senator Richard Blumenthal announced a formal Senate inquiry into Binance after recent news reports revealed that the world’s largest cryptocurrency exchange allegedly facilitated nearly $1.7 billion in transactions tied to sanctioned Iranian entities and Russia’s so-called “shadow fleet” of…
The U.S. Treasury Department has imposed sanctions on crypto addresses associated with Russia’s Garantex in its latest action against the Houthis and their funding operations. The U.S. Department of the Treasury’s Office of Foreign Assets Control has imposed sanctions on…
Russian oil firms are using Bitcoin, Ethereum, and stablecoins to convert Chinese yuan and Indian rupees into roubles for trade as Western sanctions persist. Faced with Western sanctions, Russian oil firms are actively turning to cryptocurrencies to move money between…
Russia mulls experimental cryptocurrency trading for top-tier investors, with a $250,000 minimum asset holding. Russia is exploring the idea of launching experimental cryptocurrency trading for top-tier investors, a move that would allow a select group to participate in the cryptocurrency…
The European Union has rolled out a new round of sanctions, adding crypto exchange Garantex, which was already blacklisted by the U.S. Treasury’s OFAC. The European Union has added Russian crypto exchange Garantex to its sanctions list as part of…
Russian no-KYC crypto trading platforms keep reappearing despite crackdowns, often as rebranded versions of shut-down platforms. New Russian-language no-KYC crypto exchanges keep emerging to replace those shut down, despite repeated crackdowns, according to blockchain forensic firm Chainalysis. While more platforms…
Russian Bitcoin miners fear exposure to sanctions as the government compiles a registry containing wallet addresses and other sensitive data. Bitcoin (BTC) miners in Russia aren’t thrilled about a new government registry that’s scooping up sensitive data, including crypto wallet…