the st isaac cathedral view in st petersburg

Binance Russian Sanctions: Good For European Union, Bad For Bitcoin?

  • Binance has terminated several accounts linked to senior Russian officials.
  • Binance CEO Changpeng Zhao has restated the importance of implementing such legal obligations.
  • Binance shut down the account of Elizaveta Peskova, the daughter of Russian President Vladimir Putin’s spokesman Dmitry Peskov, as early as March 3rd.
  • The list of Russian individuals being blocked from accessing Binance’s services includes Polina Kovaleva, the stepdaughter of Foreign Minister Sergei Lavrov, and Kirill Malofeyev, the son of Konstantin Malofeyev.
  • Chagri Poyraz, Binance’s global head of sanctions, has expressed his support for such a move taken by Binance.
  • According to Bloomberg’s reportage, he noted that the company had strengthened its arm for monitoring people associated with sanctioned subjects.
  • Binance made changes to its policy a week ago in order to be in line with the fifth wave of sanctions introduced by the European Union toward Russia.

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