Crypto Giant Binance Considers Russia Exit
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 last year saying 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