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HomeBusinessCrypto exchanges Huobi, Binance and Whitebit work with Russians despite EU sanctions

Crypto exchanges Huobi, Binance and Whitebit work with Russians despite EU sanctions

One of the largest cryptocurrency exchanges, Huobi, continues to work with digital assets of Russian users, as Interfax was told in the press service of the exchange.

“Huobi continues to support the stable trading of Russian users, our top priority is the security of user assets. If any restrictions are introduced, we will promptly inform users and the press,” Huobi said.

Huobi Group is an international digital asset exchange with access to more than 100 countries and regions around the world. The platform works in the field of blockchain technologies, trading in digital assets and wallets, research in the field of the digital economy.

Binance also continues its work with cryptocurrencies and crypto-wallets of citizens from Russia: “Binance has not introduced any new restrictions, the exchange is operating as usual.” The company recommended the need to monitor the announcement page of the exchange.

Earlier, Binance stated that it has not yet received official confirmation of the application of sanctions restrictions on crypto assets of Russian citizens, adding that the Russians have the ability to withdraw money from the site.

It is also reported that Whitebit continues to work with Russians, although at the end of September the exchange warned that it would close access to Russians in case of new sanctions.

This week The EU adopted the next eighth package of anti-Russian sanctions. A number of restrictions included a ban on all crypto wallets, accounts and storage of crypto assets of Russians, regardless of the amount (previously, an amount of 10 thousand euros was allowed).

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