Binance Limits Russian Accounts Exceeding 10,000 EUR to ‘Withdrawal-only Mode’
On Thursday, Binance announced that accounts belonging to Russian nationals living in the country or overseas will be subject to new restrictions. According to the company’s announcement, accounts that have digital assets in excess of 10,000 EUR ($10,900) will no longer be allowed to use deposit or trading functionality going forward. This means that affected accounts will only be able to request withdrawals.