The largest crypto exchange in the world closed the withdrawal of funds for Russians

One of the world’s largest crypto-exchanges – Binance – closed transfers and withdrawals of funds to foreign banks for Russians.

The feature is not available to them even if they try to use it in another country.

This was announced by the Minister of Digital Transformation Mikhail Fedorov.

“Binance, one of the world’s largest crypto-exchanges, has closed transfers and withdrawals of money to foreign banks for Russians, regardless of their country of residence,” he said.

Operations are closed to Russians, regardless of their country of residence.

Russia faced the largest sanctions in world history, became the champion among exile countries: such a number of sanctions were not imposed against any state in the world. Back in early February, after the annexation of Crimea and the war in Donbas, Russia already ranks second in the world in terms of the number of sanctions imposed, second only to Iran. However, if earlier there were about three thousand restrictions against Russian individuals and companies, with the beginning of the active phase of the invasion, their number has more than tripled. More than 10,000 restrictions are unprecedented, and by a significant margin from the rest of the exile countries, Russia ranks first in the world in terms of the number of sanctions.

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