Binance to limit services for Russian citizens after EU sanctions
Binance, by following the EU’s fifth package of restrictive measures against Russia, will limit services for Russian nationals or natural persons residing in Russia, or legal entities established in Russia.
The rules will apply to anyone owning crypto assets exceeding the value of 10,000 EUR. Accounts that classify under this restriction will be turned into withdrawal-only mode. No deposits or trading will be permitted on these accounts.
The limit also covers all spot, futures, custody wallets, and staked and earned deposits. Accounts for Russian nationals residing outside Russia and people with a balance below 10k EUR will remain unaffected and active.
Russian nationals or naturals who have crypto account balances that exceed 10k EUR will be given 90 days to close out their positions. https://www.binance.com/en/support/announcement/4887e569afdf4b1e89e024371d3a49b9