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Crypto Giant Binance Considers Russia Exit
Zhao Changpeng, CEO of Binance, during the Open Innovation Forum in Moscow on Oct. 22, 2019. (Andrey Rudakov/Bloomberg News)
Binance, the world’s largest cryptocurrency exchange, is reevaluating its Russian business, including the possibility of a full withdrawal from a once-important market that has turned into a headache.
"All options are on the table, including a full exit," a spokesperson told The Wall Street Journal.
Last week, the Journal reported that Binance was helping Russians move money abroad—despite the company saying last year that it had stopped working in the country, was implementing Western sanctions requirements and had restricted trading on its platform in Russia. Binance later moved to limit peer-to-peer trading involving sanctioned Russian banks.
"Exit" - Google News
August 28, 2023 at 11:45PM
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Crypto Giant Binance Considers Russia Exit - The Wall Street Journal
"Exit" - Google News
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