This article is from 1prime.ru and the original article can be read here
MOSCOW, April 21 – PRIME. The largest cryptocurrency exchange Binance introduces restrictive measures for citizens of the Russian Federation whose balances of crypto assets exceed 10 thousand euros: now they are only allowed to withdraw funds, according to a message on the Binance website.
Events in the field of macroeconomics and business April 21
“The crypto exchange imposes restrictions on all deposits to the accounts of Russian citizens or individuals residing in Russia, or legal entities registered in Russia, in the amount of more than 10 thousand euros. According to the restrictions, the relevant persons must close any contracts within 90 days, and not open new positions,” the statement said.
As a representative of the Binance cryptocurrency exchange specified to RIA Novosti, the restriction “takes effect immediately.”
Users of accounts that fall under this restriction will only be able to withdraw funds. These accounts will have limited deposit and trading options. The limit also applies to all spot, futures and deposit wallets, as well as assets in the Binance Staking and Binance Earn products.
Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a suite of financial products that includes the largest digital asset trading exchange by volume.