Following the latest round of EU restrictions against Russia, digital asset exchange Binance is limiting services to Russian clients. The company pledged to lead the industry in implementing the sanctions and urged all major trading platforms to follow. Crypto Exchange Binance Cuts Services to Russian Accounts in Accordance With EU Penalties Binance, the world’s leading cryptocurrency exchange, is restricting services for Russian nationals or natural persons residing in Russia and legal entities established in the Russian Federation that have crypto assets exceeding €10,000 ($10,800) in value. The move is in compliance with the European Union’s fifth package of sanctions on Russia, the company said in an announcement on Thursday. Earlier in April, the EU member states agreed to ban the provision of “high-value” crypto asset services to Russian businesses and citizens in response to Moscow’s ongoing military invasion of Ukraine. Binance now requires customers to complete their add
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