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News Explorer — Binance Mulls 'Full Exit' From Russian Market

Generated by AI, curated by humans

Aug 29, 9:17 am

www.wsj.com

Binance Mulls 'Full Exit' From Russian Market

Binance, the world's largest cryptocurrency exchange, is considering exiting the Russian market due to complications and regulatory issues. The company had previously stated that it had stopped operating in Russia and was complying with Western sanctions requirements. However, recent reports revealed that Binance was still facilitating money transfers for Russians, leading to potential consequences. All options, including a complete withdrawal from the Russian market, are being considered.

Binance, the world's largest cryptocurrency exchange, is considering exiting the Russian market due to complications and regulatory issues. The company had previously stated that it had stopped operating in Russia and was complying with Western sanctions requirements. However, recent reports revealed that Binance was still facilitating money transfers for Russians, leading to potential consequences. All options, including a complete withdrawal from the Russian market, are being considered.

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