logo
Coinbase and Binance_Logo
cryptocurrency exchanges Coinbase Global Inc (NYSE: COIN) and Binance said it will not put a blanket ban on all Russian users amid various sanctions imposed on the country

Coinbase and Binance refuse to ban on all Russian users

Crypto exchanges have been requested to suspend services in Russia in order to prevent the digital currencies being used for parking assets by sanctioned entities

By Shubhangi Mathur
Published - Mar 04, 2022, 09:39 PM ET
Last Updated - Feb 18, 2024, 03:08 AM EST

• Coinbase said a blanket ban would be imposed if the U.S. government decides to do so

• The exchanges assured that their platforms are equipped to prevent any illegal activity

On Friday, cryptocurrency exchanges Coinbase Global Inc (NYSE: COIN) and Binance said it will not put a blanket ban on all Russian users amid various sanctions imposed on the country.

Crypto exchanges have been requested to suspend services in Russia in order to prevent the digital currencies being used for parking assets by sanctioned entities.

Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
4.2 12182024