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Binance has introduced restrictions for Russians: now only withdrawals for users with assets worth more than 10 thousand euros

One of the most popular cryptocurrency exchanges, Binance, has announced new restrictions: Binance restricts access to its services to those users who live in Russia and have assets worth more than 10,000 euros.

For users who meet these criteria, only the withdrawal function will now be available. This information was published in the Binance technical support chat.

Once these Russian users have their accounts set to withdrawal-only mode, they will not be able to trade on Binance or deposit additional funds into their accounts.

Binance also added that they would support sanctions if required by the international community, but so far have no plans to stop working in Russia.

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