We don't expect news coverage to always be positive, or even balanced. But we expect it to be fair and accurate. Here's our side of the story.
The war in Ukraine and the resulting Russian economic crisis have deeply affected everyday Russian citizens and limited their access to basic financial tools to sustain their everyday living. Adoption of crypto may be accelerated amongst working-class Russian citizens who aren’t under sanctions as they look for alternative means to pay for goods and services, or receive basic financial support from family abroad.
Crypto is one of the few stable financial tools that working-class Russian civilians have to sustain their livelihood or attempt to flee and start a new life elsewhere. In fact, when Russians convert the ruble to crypto it weakens the ruble, weakening Russia’s financial power.Before the Russian invasion of Ukraine, Binance had been participating in traditional lobbying efforts as is common for any company in countries they operate in. However, Binance has never met with nor communicated with Mr.
No, Binance was never made aware of this, nor were we ever contacted by Russian authorities regarding Alexei Navalny.Binance is a blockchain company, therefore we aren’t qualified to provide meaningful comment here other than to say that the wrongful imprisonment of human beings is one of the worst crimes that authorities in power can commit.We have not had enough interaction with that organization to agree or disagree with that characterization.
The investigations team, composed of former senior agents from the IRS, FBI, Europol, etc., handles these requests and assists law enforcement investigations. This team is composed of the top experts in the financial crime and anti-money laundering industry, including the case agents who led the Hydra Marketplace investigations and the shut down of BTC-e bitcoin exchange. These investigations are some of the most significant takedowns of Russian cybercriminals on record.
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