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.