Crypto exchange Binance curbs services in Russia

FILE PHOTO: A representation of cryptocurrency Binance is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -The world's largest cryptocurrency exchange is deactivating the accounts of its major clients in Russia, it said on Thursday, cutting back its services in the country in line with European Union sanctions.

Binance told users that Russian nationals and people living in the country, as well as companies based there, that hold crypto worth over 10,000 euros ($10,900), would be banned from making new deposits or trading.