Report: Binance Suspends Russians From Buying Crypto With Ruble

Time Stamp: March 2, 2022 1:20 AM
Source Node: 1194441

Russia

    • Some Russian bank clients reported they are unable to buy crypto and deposit fiat.
    • The users received warning messages telling them that such service is currently unavailable.
    • Earlier reports have claimed that Binance has issued to block Russian users targeted by sanctions.

Customers of some Russian banks that were affected by the sanctions reported that they are unable to buy crypto or even deposit fiat currency on Binance.

After the US expanded its sanctions against Russia, cutting loose US transactions with the central bank, multiple institutions followed suit. A recent one is SWIFT, which reported that it is waiting to see which banks authorities want to disconnect from its global financial services.

Now, some Russian users who are trying to buy digital assets or deposit fiat money on crypto exchange Binance claimed to received warning messages, telling them that Russian local banks are currently not supported.

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  • Source: https://coinquora.com/report-binance-suspends-russians-from-buying-crypto-with-ruble/

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