Russians residing in other countries have been banned from using currencies like the ruble, U.S. dollar, euro and Ukrainian hryvnia on Binance.
“I have been in Kazakhstan for almost a year, I live and work here. But sometimes I need to transfer money from the Russian Federation, so for a year now I have been buying USDT for rubles and selling them for the Kazakh tenge,” the person wrote in a chat with Binance customer support. The user complained about becoming unable to proceed with such transactions after Aug. 25.
Binance didn’t mention whether the latest restrictions for Russian citizens are related to Western sanctions or, rather, new fiat currency restrictionsAccording to local reports, banks have been introducing massive restrictions on fiat deposits and transfers, including 50% fees on U.S. dollar transactions, amid the rubleOKX and Bybit remove sanctioned Russian banks from payments listThe latest restrictions by Binance join a series of other recent measures targeting Russian users. On Aug.
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