Binance delists five Russian lenders on site following scrutiny: WSJ

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By BitcoinWiki News

Key Takeaways:

– Binance, the largest cryptocurrency exchange, has stopped allowing clients to pay each other using sanctioned Russian banks.
– Binance’s peer-to-peer service no longer includes five sanctioned Russian lenders as a payment option for transferring rubles.
– The exchange regularly updates its systems to ensure compliance with global regulations.
– Binance aims to diligently comply with sanctions rules and denies access to its platform for blacklisted individuals, organizations, entities, and countries.
– The US Justice Department is investigating whether Binance facilitated Russian individuals evading US sanctions.
– Binance has faced increased scrutiny from regulators, including lawsuits from the Commodity Futures Trading Commission and the Securities and Exchange Commission.
– This article is provided for informational purposes and does not constitute legal, tax, investment, financial, or other advice.


Binance, the world’s largest cryptocurrency exchange, has stopped allowing clients to pay each other through sanctioned Russian banks. The exchange’s peer-to-peer service no longer lists five sanctioned Russian lenders on its site as a way for users to transfer rubles. A Binance spokesperson stated that the exchange regularly updates its systems to ensure compliance. This comes after reports that Binance helped people in Russia trade rubles for digital tokens involving sanctioned banks, which prompted an investigation by the Justice Department. Binance has faced increased scrutiny from regulators, including lawsuits from the Commodity Futures Trading Commission and the Securities and Exchange Commission.

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