Binance has reportedly started informing Russian users about lifting part of the sanctions implied in April 2022, related to withdrawal and deposit policies.
In April 2022, two months after the Russo-Ukrainian war began, Binance imposed restrictions on Russian Federation citizens following the EU’s fifth package of restrictions.
Binance was required to limit services for Russian nationals and legal entities established in Russia that had crypto assets exceeding the value of 10,000 EUR. Those who had crypto account balances that exceeded the amount were given 90 days to close out their positions
However, on April 18, Russian finance outlet RBC revealed that Binance users in Russia are no longer subject to this limit. The media confirmed the information with the exchange’s tech support in the region.
A crypto-focused channel in Telegram, DeCenter, posted a screenshot of an alleged support chat with a Russian-speaking user. The purported Binance support team member writes in their message:
“Binance removed the limit of 10,000 euros for the balance of Russian users.”
Screenshot of an alleged support chat with Binance by DeCenter
Crypto.news has solicited comments from Binance. At the time of writing, there was no official confirmation for the news.
Source: https://crypto.news/binance-allegedly-lifts-limits-for-russian-users-amid-us-regulatory-crackdown/