The crypto exchanges' stance goes against that of several traditional payment companies and fintech firms that have responded to sanctions by restricting services in Russia.
What happened to the world's largest cryptocurrency exchange?
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights April 21 (Reuters) - The world's largest cryptocurrency exchange is deactivating the accounts of its major clients in Russia, it said on Thursday, cutting back its services in the country in line with European Union sanctions.
How difficult is it to buy and trade cryptocurrency in Russia?
Because crypto regulation is still in a formative state in Russia, it has become a bit tricky to buy and trade cryptocurrency in the country. Interested buyers must first get accustomed to the legalities surrounding the possession and transfer of digital assets before setting out to explore the crypto world.
Why is Binance a popular cryptocurrency exchange in Russia?
Binance has positioned itself as a juggernaut in the global crypto economy by initiating several localization projects across several regions. It is this business ideology that has spurred the reputation of Binance in Russia. The exchange has developed a local community in the country to reaffirm its commitment towards the Russian market.
