Earlier this month, the EU in its fifth package of sanctions
against Moscow, had targeted crypto wallets, banks, currencies and trusts to
close potential loopholes that could allow Russians to move money abroad.
Russian nationals or legal entities in Russia who have
crypto account balances that exceed EUR 10,000 will be given 90 days to close
their positions, Binance said.
The exchange also said accounts affected by EU's
restrictions will be put into a withdrawal-only mode and no deposits or trading
will be permitted.
The announcement comes after Binance said last month
cardholders of sanctioned Russian banks would not be able to use them on their
platform and confirmed that sanctioned individuals have had their access
restricted. © Reuters
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