The Binance cryptocurrency exchange is preparing to leave Russian territory, so this Friday it issued a statement to its clients warning that it will no longer accept deposits in the local currency, the Russian ruble (RUB).

The statement states that the cryptocurrency trading platform has decided to stop its operations in Russia, but will allow withdrawals until a later date.

It is important to remember that at the beginning of 2023 Binance “announced its plans to leave Russia and expel Russian users, selling its entire Russian branch to CommEX, another digital asset company.”

This transaction represented a turn in the cryptocurrency landscape in Russia. One of the immediate consequences is the suspension of deposits in Russian ruble starting this November 15 at 00:00 UTC. Regarding the withdrawal of funds, an aspect that worries all users of the platform, these will remain “available until January 31, 2024.”

While “users with fiat balance reserves in Russian rubles are free to transfer their funds to the CommEX platform without being subject to any transaction fees,” the company notes.

M.Pino

Source: cripto247

(Reference image source: Unsplash+, in collaboration with Alexander Mils)

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La entrada Binance prepares to leave Russia apareció primero en Bitfinance.