Binance, the world’s largest cryptocurrency exchange, has announced that it will not block Russian users’ accounts.
Representatives of the crypto exchange believe that a unilateral limit on people’s access to their bitcoin goes against the industry’s principles.
Binance is a cryptocurrency exchange founded in 2017 by Changpeng Zhao. It is the fastest growing cryptocurrency exchange in the world.
Binance was created to provide a secure, fast and reliable way to trade cryptocurrencies. The company’s mission is to provide a top-tier cryptocurrency trading platform that offers stability, reliability and security. Binance also has its own coin, BNB, which can be used as a base currency for traders who want to trade with other coins.
According to the Binance spokesman, Cryptography was intended to provide individuals worldwide with greater financial freedom. A unilateral decision to deny people access to their cryptocurrency would violate the industry’s foundational principles.
Previously, the BTC-Alpha cryptocurrency exchange ceased operations with Russian users, the KUNA platform paused trading in ruble pairs and shut down Russian currency input and output. The CEX IO platform also suspended new user registrations from Russia, Ukraine, and Belarus.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.