Binance set to limit Russia services after EU sanctions

Binance will set limits on Russian users with digital assets exceeding RM46,711 in value, in line with an EU sanction. — REUTERS/File Photo

Binance Holdings Ltd., the world’s largest cryptocurrency exchange by trading volume, is set to limit services for Russian nationals following the European Union’s latest sanctions against Moscow.

The firm will reduce services to Russian persons or entities with crypto assets exceeding the value of €10,000 (RM46,711), according to a person with direct knowledge of the matter, who requested anonymity as the matter is private.