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.
