Russia has been getting a lot of Sanctions from different countries.
Ukraine is also asking crypto exchanges to help with Sanctions and ban Russian crypto wallets.
Here’s Binance’s take on the matter:
“Binance is not applying sanctions.” This cannot be further from the truth. Binance follows international sanction rules strictly.
Why won’t Binance go one step further and sanction/freeze all Russian users' assets?
The most important point: we don’t think we have the authority to do so. Sanction decisions are made at the most senior levels of governments, with the support of legal legislature, law enforcement and even military powers.
You can read the full statement here:
