Amidst Legal Battle, Binance to Exit Russia

While fighting a legal battle with the SEC, troubled crypto exchange Binance has sold off their entire business in Russia to a possible shell company.

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Breaking: Binance exits Russia, sells subsidiary to CommEx

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.

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BREAKING: Binance exits Russia, sells business to CommEX

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.

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Breaking: Binance pulls out of Russia, selling local subsidiary to CommEx

Binance, the popular crypto exchange, is exiting Russia and selling its local business to CommEX

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Binance Exits Russian Market, Sells Subsidiary to CommEX

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.

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Report reveals North Korea and Russia's crypto-nexus

About $22 million in stolen cryptos from the Harmony Protocol heist were transferred to a Russian exchange. Russia was the global hub of cryptocurrency laundering. The crypto industry has beThe post Report reveals North Korea and Russia's crypto-nexus appeared first on AMBCrypto.

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From compliance to complicity: How Binance’s Russian connection undermines sanctions | Opinion

Binance, a renowned cryptocurrency exchange, is embroiled in controversy as recent reports suggest a possible helping hand to Russia amidst Western sanctions.

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Binance Russia execs leave amid ongoing rumors of market exit

Two Binance executives announced they were leaving the company amid the rumors of the major exchange possibly exiting Russia. Binance’s head of Eastern Europe and CIS, including Russia, Gleb Kostarev, announced in a Sept. 6 LinkedIn post that it was…

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Binance Considers Full Exit From Russian Market Amidst Regulatory Nightmare

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Crypto exchange Binance is considering a full exit from Russia

Key takeaways Binance is considering exiting the Russian market as it continues to face regulatory challenges in other parts of the world.   The crypto exchange recently revealed that its users in Belgium will access its services via its Poland unit.

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Binance considers exit from Russia following sanction violations

The world’s largest crypto exchange is reportedly reevaluating its business in Russia.

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Binance leaving Russian market is ‘on the table’: Report

A Binance spokesperson reportedly said the global cryptocurrency exchange was considering all options in regard to Russia, “including a full exit.”

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Binance Suspends P2P Transactions in Russia After Lapse Sanctions Enforcement Scrutiny

Following reports that Binance had failed to prevent P2P payments from sanctioned Russian banks, the exchange has imposed stricter rules, and others have followed suit. The post Binance Suspends P2P Transactions in Russia After Lapse Sanctions Enforcement Scrutiny appeared first on BeInCrypto.

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Binance accused of violating sanctions placed on Russia

Binance, the largest crypto exchange by trading volumes, is accused of engaging with sanctioned companies in Russia despite pulling out of the country in H1 2023

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First Mover Asia: Bitcoin Climbs Back to $29.4K; Crypto's Correlation With Tech May Return

An exploit of stablecoin exchange Curve Sunday could jeopardize more than $100 million in cryptocurrency. PLUS: What's behind Russia's mining boom?

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President Putin approves digital Ruble, as Russia prepares for crypto exchange trial run

Russian President Vladimir Putin signed a law introducing a central bank digital currency (CBDC), the Digital Ruble, and creating an electronic platform for its use, local media Tass reported on July 24, citing official documents.

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Russian Markets Embrace Digital Financial Assets as Moscow Exchange Eyes Trading by Year-End

Digital Financial Assets are shaking up Russia's financial markets. And now, the Moscow Stock Exchange wants a piece of the action. The post Russian Markets Embrace Digital Financial Assets as Moscow Exchange Eyes Trading by Year-End appeared first on BeInCrypto.

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Russia Drops State-Backed Crypto Exchange Plans, Rolls Out New Regulatory Model For Industry

Russia has long been criticized for its mixed signals towards digital assets. However, this could change soon as the news of backing private exchanges marks a new dawn for the country’s relationship with cryptocurrencies.

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Should Russia Bolster or Ban Bitcoin?

The country reportedly backed out of plans to build a "national crypto exchange," its latest sign of indecision.

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Russia Cancels Planned National Crypto Exchange to Focus on Regulation

Russia cancels national crypto exchange plans, shifting its focus to regulation and supporting existing cross-border transaction exchanges. The post Russia Cancels Planned National Crypto Exchange to Focus on Regulation appeared first on BeInCrypto.

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Lawmakers say Russia won’t develop state-owned crypto exchange

Russian lawmakers have opted not to continue with plans to develop a state-owned crypto exchange.

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Russia to use crypto exchanges for cross-border transactions

Russia appears to have ditched plans for a state-run cryptocurrency exchange, according to a new report. Instead, it is looking to establish a framework to support cryptocurrency exchanges and digital assets in cross-border transactions.

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Russia scraps plans for a national cryptocurrency exchange

Russia will continue to create new crypto platforms in response to sanctions, State Duma official Anatoly Aksakov said.

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Russia backtracks from plan to create national crypto exchange

Russia is no longer moving forward with its plans to create a national crypto exchange. Instead, it will focus on formulating rules that will allow private companies to establish such exchanges. The head of the State Duma committee on the financial market, Anatoly Aksakov, disclosed this to local media Izvestiya on May 29.

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Is Binance in trouble again? This latest report could add smoke to the fire...

The DoJ is reportedly probing Binance on whether or not it enabled the evasions of sanctions placed on Russia The report comes days after the exchange was accused of lifting trade restrictions The post Is Binance in trouble again? This latest report could add smoke to the fire... appeared first on AMBCrypto.

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Crypto Exchange Binance Is Back in Russia, Lifts Restrictions on Russian Users: Report

Users in Russia report they once again can use locally issued Mastercard and Visa cards to deposit money on the crypto exchange more than a year following a wartime prohibition on such transactions.

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Binance claims to comply with sanctions against Russia

In response to recent reports that Binance has removed restrictions on crypto accounts held by Russian nationals and entities exceeding €10,000 ($12,000), a spokesperson for the world’s largest cryptocurrency exchange has reiterated the platform’s commitment to international sanctions compliance. Binance…

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Bitzlato kept a low profile, but did not go entirely unnoticed before DOJ action

The Hong Kong crypto exchange with strong ties to Russia was a blip on Chainalysis’ radar last year, with its takedown seen as anticlimactic by many in the crypto community.

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U.S. Department Of Justice Shuts Down Crypto Exchange Bitzlato, CEO Arrested

The DOJ has charged the exchange with facilitating more than $700 million in illicit transactions tied to Russia, money laundering and criminal activity.

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Binance joins association to address compliance with global sanctions

The crypto exchange has come under scrutiny from policymakers amid multilateral sanctions on Russia and U.S. sanctions on Iran.

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Ukrainian pharmacies enable crypto payments via Binance Pay

Ukraine continues adopting cryptocurrency payments with crypto exchange Binance amid the ongoing war with Russia.

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Russia to Launch State-Run Crypto Exchange in Bid to Boost Tax Revenue

Russia is planning to create a national cryptocurrency exchange because it believes it is losing out on billions of rubles of tax revenue. The post Russia to Launch State-Run Crypto Exchange in Bid to Boost Tax Revenue appeared first on BeInCrypto.

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Russia intends to build a crypto exchange

Russian lawmakers are working on the creation of a national crypto exchange.

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Russia intends to launch a ‘national crypto exchange’

Local lawmakers are working on amendments to the existing legislation “On digital financial assets” in consultation with market stakeholders.

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$4M in Crypto Sent to Pro-Russia Militias in Ukraine: Report

Cryptocurrency worth at least $4 million and counting has been sent to groups supporting Russia's military in Ukraine, according to a Wired report. The analyses involved separate findings from cryptocurrency-tracing firms Chainalysis, Elliptic, and TRM Labs, along with investigators at Binance, the world's largest cryptocurrency exchange.

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Access To Crypto Exchange OKX Is Blocked In Russia – Here’s Why

The Russian government reportedly blacklisted OKX’s IP address on Wednesday for possible illegal activity related to a violation of Article 15. 3 of Russia’s information law, reports said.

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Russia blocks OKX website for alleged unreliable financial information: Reports

The cryptocurrency exchange’s website was said to contain information about pyramid schemes, although no details were given. Similar bans have been imposed before.

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Russia blocks crypto exchange OKX without disclosing reason

Russia blocked global crypto exchange company OKX on October 4 without disclosing why, according to News of Finance. The post Russia blocks crypto exchange OKX without disclosing reason appeared first on CryptoSlate.

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Moscow Exchange drafting bill on digital financial assets and securities trading: Report

Russia's stock exchange expects to become a registered digital asset exchange and begin trading both digital financial assets and digital asset-based securities.

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The Moscow Exchange is a good base for crypto trading, Russian lawmaker says

MOEX is likely to do a great job in launching a crypto trading division due to its full compliance with the rules of the Bank of Russia, the official said.

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Will Russia Actually Trade Oil For Bitcoin?

Russia announced a willingness to accept bitcoin in exchange for oil, but will countries actually pay in bitcoin or will they stick to gold?

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Binance Bans Accounts Tied To Russian Gov’t Officials’ Relatives – Will It Hurt Them?

Crypto asset exchange of digital assets Binance has suspended accounts with ties to Russian government officials’ relatives. Faced with escalating international sanctions in response to Russia’s invasion of Ukraine, the trading platform stated that it will continue to screen customers for connections to sanctioned persons.

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Binance blocks crypto accounts of relatives tied to the Russian government

Binance blocked the account of the Kremlin spokesman’s daughter when she tried to use the exchange following the economic sanctions imposed upon Russia.

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Binance Launches Refugee Crypto Card For Displaced Ukrainians

Leading Crypto Exchange Binance launched a “Binance Refugee Crypto Card” for displaced Ukrainians. This card is issued for existing as well as new Binance users who have been forced to relocate to European Economic Area (EEA) countries due to the war between Russia and Ukraine.

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Binance Hits Back At Reuters, Claims Data Sharing Report With Russia Is ‘Categorically False’

Binance, the world’s largest cryptocurrency exchange, has received extensive media notice in recent months. Reuters stated that in response to the Ukrainian government’s call to freeze all Russian cryptocurrency accounts, Binance would block Russian customer accounts targeted by sanctions but not all of them.

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Reports emerge of how Russian agency made Binance reveal its clients data

Details have emerged for the first time about how the world’s largest crypto exchange platform, Binance, worked with a financial intelligence agency in Russia.   This relationship, according to an in-depth report by Reuters, began in April last year when the regional head of Binance met with some officials of the FSB-linked agency.

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Binance Deactivates Accounts Of Its Major Clients In Russia As Part Of EU Sanctions

The world’s biggest crypto exchange by trading volume, Binance, will deactivate the accounts of its Russian users, cutting its services in Russia as part of the EU compliance, the company said on Thursday.

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Binance to restrict services to Russia following EU sanctions

Binance, the largest crypto exchange by trading volume, said it will limit services to Russian citizens after the EU announced its new sanctions against the country. The post Binance to restrict services to Russia following EU sanctions appeared first on CryptoSlate.

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Crypto firm Exmo exits Russia and Belarus by selling part of its business

Russia-linked crypto exchange Exmo will no longer provide services to users from Russia, Belarus and Kazakhstan.

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