Top Binance execs in Russia leave as firm considers exiting the market
Binance VP Eastern Europe Gleb Kostarev and CIS Director Vladimir Smerkis have announced they have quit the company.
Binance VP Eastern Europe Gleb Kostarev and CIS Director Vladimir Smerkis have announced they have quit the company.
Binance VP Eastern Europe Gleb Kostarev and CIS Director Vladimir Smerkis have announced they have quit the company.
Some Russian banks have been increasingly concerned about the potential implications of the digital ruble after the first pilots started in August.
Banco de Venezuela, one of the largest financial institutions in the country, was acquired by the sanctioned government in 2009.
Banco de Venezuela, one of the largest financial institutions in the country, was acquired by the sanctioned government in 2009.
Russian ruble use on Binance P2P has been restricted to Russian citizens who live in the country.
Tinkoff Bank and Sberbank are no longer available on the list of P2P transactions on Bybit and OKX.
The crypto exchange removed its “yellow” and “green” codewords from its list of payment methods, which previously referred to sanctioned Russian banks.
The most common hindrances cited include insufficient information about the technology (22%) and concerns about cybertheft and system failures (21%).
Despite the U.S. DOJ investigating Binance for violation of U.S. sanctions with its services in Russia, the firm has continued to promote its platform in the country.