Binance Delists Sanctioned Russian Banks From Peer-to-Peer Service

Binance has cut ties with five sanctioned Russian banks that were listed on the exchange’s peer-to-peer service to let users transfer funds in rubles - the country’s native currency. This is due to a regular update of its system to comply with local and global regulatory standards and sanctions rules, Binance said. An earlier article by the Wall Street Journal, which reported the news first, pointed out how Binance was helping Russians move money abroad, which puts the exchange in a legally tricky position. Binance has faced several legal challenges since the start of this year, including a suit brought by the U.S. Securities and Exchange Commission (SEC).

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!

iOS: https://links.hashd.co/ios

Android: https://links.hashd.co/android