The KryptoBörse Binance is considering a complete exit from Russia

The central theses

• Binance is considering exit from the Russian market, since it is still confronted with regulatory challenges in other parts of the world.

• The crypto exchange recently announced that their users in Belgium will access their services via their Polish branch.

Binance leaves the Russian market

Binance, the worldwide cryptocurrency exchange after market capitalization, is reportedly considering an exit from the Russian market. This goes from a current report by .

These latest cryptocurrency messages come at a time when the crypto exchange is still confronted with regulatory challenges in Europe and the United States.

The report pointed out that Binance currently has several lawsuits with US supervisory authorities and is currently considering numerous options, including a complete exit from the Russian market.

Binance works to adapt to international sanctions

Binance said it is working to adapt to international sanctions after there were accusations at the beginning of the year that there are helping citizens to transfer funds outside of the United States.

The cryptocurrency exchange is working on locking accounts of Russian citizens with connections to the Kremlin.

In 2022 the crypto exchange took steps to block accounts of Elizaveta Peskova, the daughter of Dmitri Peskow, the spokesman for the Russian leader Vladimir Putin.

Binance also said that it has closed accounts of other people who are connected to family members of high -ranking Russian civil servants. The steps took place after sanctions by the US Ministry of Finance against Peskova.

The exchange of cryptocurrency is faced with regulatory challenges in the United States and other parts of the world.

early this month, Binance informed its users in Belgium that they could now access its services via Binance Poland, the arm of the crypto exchange regulated in Poland. The step was to ensure that Binance complies with the regulatory requirements in the country.

also the cryptocurrency exchange support set for its crypto -based debit card for customers in Latin America and the Middle East at the beginning of this month. However, Binance does not give the reasons for his decision.

The USA and the EU imposed sanctions against Russia after it had invaded Ukraine last year. You have banned the acquisition, import or transfer of coal and other solid fossil fuels.