Crypto exchange Binance blocks Russian users targeted by sanctions


FILE PHOTO Biance app is seen on a smartphone in this illustration taken July 13 2021. REUTERSDado RuvicIllustration

FILE PHOTO: Biance app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration

LONDON/MOSCOW (Reuters) - Crypto exchange Binance is blocking the accounts of any Russian clients targeted by sanctions, it told Reuters on Monday, but will not freeze the accounts of others after Ukraine called for a block on Russian users at major digital currency platforms.

"We're blocking accounts of those on the sanctions list (if they have Binance accounts) and ensuring that all sanctions are met in full," a spokesperson for the company said on Monday, declining to give further details.

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