Cryptocurrency exchange Binance has closed the possibility for Russians to buy dollars and euros through P2P

Cryptocurrency exchange Binance has banned citizens of a terrorist state from buying and selling foreign currency through a P2P service. This was announced by a representative of the exchange. The company explained its actions by the introduction of the tenth package of EU sanctions against the Russian invaders.

In addition, the exchange has banned EU citizens from buying and selling Russian rubles via P2P. «To continue using Binance P2P, users can choose other available fiat currencies,» the exchange representative said. At the same time, Russians can still use rubles on the crypto platform as before.

Residents of the aggressor country started actively using P2P services of Binance and other crypto exchanges in 2022. This way, Russians could transfer money abroad after the SWIFT payment service was shut down.

Previously, Binance limited only the amount of assets on the balance of Russian crypto wallets — from April 2022, it should not exceed € 10,000. It was hard not to notice the loyalty of the largest crypto exchange to the sanctions measures towards the occupiers. In particular, Binance did not close the opportunity for Russians to use the crypto exchange, as required by the eighth package of sanctions from the European Union.

However, back in January, Russian Binance users began complaining about massive blocking of their accounts on the platform. Citizens of the terrorist country even created a special chat on Telegram.

Earlier, due to Binance’s ambiguous stance on Russian customers, the Ukrainian government suspended the planned integration of Binance’s crypto-payment service into the Diia mobile app. The local crypto community was outraged that Чанпен Чжао" href="https://noworries.media/biography/chanpen-chzhao/" data-bio-id="3681″ data-wpel-link="internal">Changpeng Zhao 's brainchild was serving Russians during the military aggression of the terrorist state in Ukraine. After the eighth round of EU sanctions against Russia, Changpeng Zhao said that Binance’s branches in the EU would not serve Russians, but that other departments of the company were not obliged to ignore Russian users.